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Smart buildings firm further raises its IQ

The company’s technology allows building owners and operators to tune a building’s HVAC settings every four hours

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BuildingIQ's approach to smart buildings makes savings possible without upfront capital
BuildingIQ's approach to smart buildings makes savings possible without upfront capital

Building IQ has received a US patent for Predictive Energy Optimisation (PEO) technology that serves as a cornerstone for its 5i Platform.

 

BuildingIQ’s intelligent energy management platform can help to optimise operations in more than 950 buildings and approximately 75 million square feet. It has the capability to tune a building’s HVAC settings every four hours.

 

The new patent underscores Building IQ’s position as one of the leading software services provider in the building energy management space, and further enables it to pursue opportunities in commercial buildings and corporate campuses, as well as in healthcare, education and government facilities.

 

“Our partnership with BuildingIQ has provided operational insight and real energy savings due to the technology’s ability to control and dynamically adjust the HVAC system and the company’s whole building approach to diagnostics,” said Zach Dobelbower, associate director, sustainability and energy, at the DC Department of General Services.

 

He added: “Automated system optimisation and cloud-connected platforms with smart performance algorithms will be essential to cities meeting aggressive targets for lowering carbon emissions while saving money.”

 

Using a five-pillar approach consisting of data capture and analysis, modelling, measurement and verification, control, and human expertise, BuildingIQ claims to have invented a better method to creating Internet of Things (IoT)-enabled buildings. It is able to deliver energy savings without upfront capital, thus optimising previous investments in building infrastructure.

 

In 2016, commercial customers at one West Coast utility generated nearly $15 in energy savings for every dollar investment in the BuildingIQ subscription.

 

"Within the energy management space, we’ve seen more acceptance of data-driven analytics approaches," said Michael Nark, president and CEO of BuildingIQ. "The key is to offer a platform that supports services that fit the financial, environmental, and market needs of building, city, and other portfolio holders.

 

“Our expertise in modelling, diagnostics, control and measurement resides at the interface between physical control of the building and the big data. This gives us unrestrained flexibility in leveraging new and existing technologies that provide actionable data or even closed loop control. The United States patent we’ve received is just one of many proof points supporting how truly innovative our approach is.”

 

 

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