This document summarizes the development of a smart energy monitoring system from research to commercialization. It describes the background research project on thermal management in polymer processing. It then discusses the proof of concept research to develop a centralized and distributed monitoring system for the heating and cooling elements of an extruder. This included developing a web-based energy management system. Finally, it discusses plans to commercialize the system by developing a business model and marketing the hardware and data services to industrial customers to help reduce energy costs and improve process efficiency.