By: Matt Golden, Senior Energy Finance Consultant, Environmental Defense Fund
This week, the U.S. Department of Energy (DOE) released a new report that will serve as a data analysis tool for the energy performance of commercial and residential buildings. By providing a standardized approach for the evaluation of energy data, the Building Energy Data Exchange Specification (BEDES) will help optimize energy efficiency efforts.
BEDES provides a common language for key data elements to help a range of stakeholders communicate more effectively. The use of established formats, terms and definitions will allow for smoother interaction between contractors, software vendors, finance companies, utilities, and Public Utility Commissions. As a result, information can be shared and aggregated without laborious scrubbing and translation, which will help more rapidly answer the key questions related to energy savings and financial performance that remain barriers to energy efficiency adoption at scale.
We are pleased that the Investor Confidence Project (ICP) was highlighted as one of five key projects aligned with BEDES goals, and prioritized for collaboration as the project moves forward. The Executive Summary (page 4) of the report clearly expresses some of the key data issues and potential solutions that this ambitious project will attempt to solve.