Tuesday, 17 February 2009

CleanTech Spend Optimizer

With Green IT faced with a downturn in the economy, it's useful to have a product that helps support the Green investment decision-making process.
US company Clear Standards Inc. has announced such a product, called the CleanTech Spend Optimizer, which supports organisations seeking to reduce costs and GHG emissions by implementing energy efficiency projects.

The software helps evaluate and select those projects that yield the best return on investment, given the on-going changes in energy prices, clean technologies and government policies. It provides a framework to measure the ROI of projects to help companies understand the long-term financial impact, including the price of carbon offsets or allowances based on participation in voluntary or mandatory cap and trade programs.

This seems like an ideal product for the current climate. Even with the best will in the world, it's difficult for many companies to work out where to invest in reducing energy use and CO2 emissions. Help in bringing together all the factors that can have an impact on investment decisions must be a good thing.

It will, of course, need to be kept up-to-date to be effective and can only be country-specific (I assume this is for the US market only).

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