The Latest Battleground in Energy Software: Time
Posted by Glenn Gaudet on Wed, Aug 11, 2010 @ 08:16 AM
Joulex initially sounds like a lot of energy management companies you've read about before. The company has developed software for monitoring the power delivered different appliances in the office-servers, PCs, lights, HVAC systems, etc.-and controlling them to reduce overall power consumption.
The difference lay in the speed it can accomplish this. At Equifax, the company managed to start monitoring the desktops of 6,000 employees in about 2.5 hours. The speed comes in part because the company system doesn't require software agents for each desktop.
"Less software is our biggest differentiator," said CEO Tom Noonan, who added that the system in partly based around concepts from the way security software is deployed. Noonan served as CEO of ISS, which IBM bought for $1.5 billion.
In a company with about 10,000 employees, Joulex can cut power bills by around $660,000. The company might charge $175,000 for its services, but that still results in close to $500,000 in annual savings.
Google, BMW, Daimler and Coca Cola are all testing it out. (Editor's note: Coke is also testing out a Bloom Energy fuel cell and Solyndra solar set-up but don't hold that against Joulex. The small company has yet to nab top tier VC investors that can help open doors for it. It is doing this on its own).
Read the full story
here.