Predictive energy optimization combined with advanced metering data improves energy efficiency with no upfront capital for CFS Retail Property Trust Group
San Francisco – May 1, 2014 – BuildingIQ, a leading energy management software company, and SkyFoundry, owner of SkySpark analytics software, today announce the integration of their technologies to identify and create energy savings for the Mount Pleasant Shopping Centre in Queensland, Australia.
BuildingIQ’s predictive energy optimization software, which leverages variables such as occupant comfort, utility signals, weather forecasts, and building characteristics, can now tap into SkySpark’s real-time metering data. The additional source of data allows BuildingIQ’s software to create a more advanced thermal model of the shopping center and make automatic adjustments in order to maximize energy efficiency and reduce operating costs.
The use of BuildingIQ’s technology has allowed CFS Retail Property Trust Group (CFX), which manages Mount Pleasant Shopping Centre on behalf of one of its wholesale funds, to optimize the performance of its asset and create a continuous, long-term return on a sustainable investment. The decision to incorporate BuildingIQ’s software came with little risk. It is used on a subscription basis, requiring no upfront capital.
“BuildingIQ and SkyFoundry’s software combined to seamlessly integrate into our property’s existing building management system. The new automated approach needs minimal input from the facility’s staff, freeing them up to handle other labor intensive tasks,” says Scott Horsnell of CFX. “We are pleased with the energy efficiency and savings we’ve achieved working with these two innovative technologies.”
“BuildingIQ’s solution is like an energy efficient cruise control for buildings,” said Michael Nark, president and CEO of BuildingIQ. “Through continuous modeling and analysis of the data that is collected from SkySpark, the system is able to make real-time adjustments to Mount Pleasant Shopping Centre’s heating and cooling operations that create verified energy savings. The simple installation process and ability to utilize existing infrastructure makes it a great solution for retail, office and really any type of space.”
BuildingIQ is a leading provider of advanced energy management software that actively predicts and manages HVAC loads in commercial buildings. As the only supplier of patent-pending Predictive Energy Optimizationtm technology, BuildingIQ’s cloud-based solution is powering energy and operational savings in buildings across the globe with reductions in HVAC energy costs by as much as 25 percent. BuildingIQ delivers measureable results and has received backing from tier one industry leaders including Aster Capital (backed by Schneider Electric, Alstom and Solvay), the Venture Capital unit of Siemens Financial Services (SFS VC), Paladin Capital and the Energy Division of the Commonwealth Scientific and Industrial Research Organisation (CSIRO).
As a leader in its industry, BuildingIQ has been recognized as a winner of the Bloomberg New Energy Pioneers Award, Fierce Innovation Awards’ “Best in Show”, EDC’s Readers’ Choice Award, named a Cool Vendor in Green IT and Sustainability by Gartner, a Top 10 Enterprise Smart Grid Leader by Groom Energy Solutions, featured in Verdantix’s Green Quadrant and listed on the Global Cleantech 100 and AlwaysOn Going Green Global 200.
SkyFoundry provides software solutions help customers derive value from their investments in smart devices. The company’s SkySpark analytics platform integrates data from diverse systems and identifies opportunities for operational improvements and cost reduction by automatically analyzing data to “find what matters”. Learn more at www.skyfoundry.com.
Vantage PR for BuildingIQ
Katie Blair, +1-407-767-0452 ex 229