Tuesday, February 8, 2011

Groom Energy Updates Carbon Software Vendor Report and Names Leaders. ECA Renamed to EECA.

Today we launched the fourth version of our carbon software report. We modified our category name from previous versions of the paper from Enterprise Carbon Accounting (ECA) to Enterprise Energy and Carbon Accounting (EECA). The additional “E” reflects the growing customer need to manage carbon and energy together.

Despite a challenging economic environment and stalled climate legislation, the emerging Enterprise Energy and Carbon Accounting (EECA) software market grew 400 percent during 2010 and is forecast to grow another 300 percent in 2011. More than 200 large corporations, such as Arch Coal, Bayer, RJ Reynolds, Safeway, and Wyndham Hotels, purchased EECA software in 2010.

The 2011 EECA Leaders are: Advantage IQ, Enablon, EnerNOC, Enviance, Hara, IHS, Johnson Controls, PE International, SAP, and Summit Energy. The selection criteria considered the number of customer deployments, technology features, energy management capabilities, market vision and financial stability.

Key Research Findings:
- Many energy /utility bill management vendors now offer strong carbon modules
- Responding to environmental data requests from stakeholders for sustainability and compliance is the top driver among purchasers.
- Supply chain initiatives like the Walmart supplier assessment program continue to drive sustainability efforts.
- The overall market is approaching maturity and acquisitions and venture capital investment dropped significantly from 2009 to 2010. There were no acquisitions and $11M in financing raised by PE International compared to 5 acquisitions and $47M raised by multiple firms in 2009.

The report is available for $795 per single user and $995 for a company license. To review an abstract of the report or to purchase online click here.

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