Investment in Carbon Accounting Software Hit $46 Million in 2009

Investment in Carbon Accounting Software Hit $46 Million in 2009

Workstation - http://www.flickr.com/photos/totalaldo/ / CC BY 2.0

A new report from Groom Energy Solutions looks at the $46 million invested in the enterprise carbon accounting (ECA) software market last year and some of the 60 vendors in the market.

Groom Energy's third report on the ECA market, 2010 Enterprise Carbon Accounting, says that in 2009 venture capital funding for the market reached over $46 million and acquisitions by EnerNOC, IHS and SAP were completed.

Last year also saw Microsoft and Computer Associates enter the market, and the report predicts that purchases of ECA software will increase by 600 percent, mainly by companies that have not invested in environmental software before.
{related_content}
The main factor pushing the market forward, the report says, is pressure from customers and investors, making companies focus on protecting and enhancing their public images. The next two factors are the cost and energy savings that come about through sustainability efforts, and mandates from buyers, such as Walmart's Supplier Sustainability Assessment Program.

The report also profiles 20 of the 60 vendors in the market, focusing on vendors in four categories: environmental health and safety vendors, new products from large firms, startup companies, and energy management firms.

The list of ECA Emerging Leaders from last year's report grows by two companies, with the addition of Enablon and Hara to the list. The returning ECA Emerging Leaders are Enviance, IHS, Johnson Controls, PE International, ProcessMAP and SAP. Inclusion in the list was based on number of customer deployments, technology features, market vision and financial stability.

Workstation - http://www.flickr.com/photos/totalaldo/ / CC BY 2.0

Topics: