Standardized measurement and verification (M&V) methods have been around since the 1990s to create consistency in the tracking and attribution of energy savings after implementing an energy savings performance contract or other energy efficiency program. Since then, the tools and technology used in M&V have changed and improved dramatically. Advanced M&V, or “M&V 2.0,” promises several advantages for building and energy managers but has yet to realize its full potential.
The Rocky Mountain Institute recently published the report, “The Status and Promise of Advanced M&V,” to help clarify the status of new M&V technology and how it can be leveraged to achieve energy efficiency goals. The report highlights the two major features of advanced M&V: (1) automated analytics that provide real-time savings data and estimates; and (2) increased frequency, volume, and granularity of data. However, the theme of the report is all too familiar: Advanced technology exists, but the resources, infrastructure, or talent to properly implement it across all sectors is missing.