“Energy Management” is a term that has a number of meanings. This white paper focuses on the one that relates to saving energy in businesses, industrial environments, and public-sector or government organizations. When it comes to energy savings, energy management is the process of monitoring, controlling, and conserving energy in a building or organization. The ability to understand how and why equipment fails is essential in understanding and developing energy efficient strategies for the operation and maintenance of industrial equipment. Condition monitoring technologies are a great tool for creating building envelope energy management strategies.