Cloud-based energy management platform among from nearly 6,000 nominations, across 18 sectors of innovation, and 60 countries
San Francisco – October 7, 2014 – BuildingIQ, a leading energy management software company, today announced that it was named a 2014 Global Cleantech 100 company, a recognition produced by Cleantech Group, a leading global research and advisory firm focused on innovation and energy management. BuildingIQ’s Predictive Energy OptimizationTM platform was identified as a technology making a significant impact in the sector. It was recognized for its ability to reduce heating and cooling energy costs in commercial buildings by as much as 25 percent through the use of advanced algorithms and predictive analytics.
BuildingIQ can be integrated into any commercial building with no upfront capital or evasive changes to infrastructure. By adding a new level of intelligence to a facility’s building management system, BuildingIQ enhances a building’s previous investments. The software works uses variables such as weather forecasts, building characteristics, utility signals, energy pricing and occupant comfort to make real-time changes to heating and cooling operations through the cloud, without the need for manual intervention. Since the software is offered on a subscription basis and savings are guaranteed, users are essentially generating free cash flow with no virtually no risk.
“It is an honor to once again be named one of the top 100 Global Cleantech companies,” said Michael Nark, CEO of BuildingIQ. “This continued recognition is proof that our energy management technology is adapting and meeting the changing needs of the industry. Commercial buildings are the largest consumers of energy and require an innovative, accessible solution to reduce demand on our power grid that won’t become outdated after a few years. Our Predictive Energy Optimization platform provides that by combining predictive analytics with cloud computing.”
The Global Cleantech 100 is compiled by combining proprietary Cleantech Group research data with weighted qualitative judgments of hundreds of nominations, and includes specific input from a global 84-person expert panel. The composition of the expert panel represents the interests of the global cleantech community, ensuring that the resulting vetted list commands an expansive base of respect and support and ensures that only the technologies with the most potential are honored.
“The Global Cleantech 100 each year provides us with invaluable insight into which companies key market players think are most likely to have a significant impact in the next 5-10 years,” said Richard Youngman, Cleantech Group’s Managing Director, Europe & Asia, and creator of the program. “How the composition of the Global Cleantech 100 list changes over time is revealing of key megatrends and hot sub-sectors – and helps us all get a view on the future.”
For more information on BuildingIQ’s leadership within the cleantech space, visit www.buildingiq.com.
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 Optimization™ 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).
Recognized as a leader in its industry, BuildingIQ most recently was named winner of the 2013 Bloomberg New Energy Pioneers Award, Fierce Innovation Awards’ “Best in Show”, a 2013 Cool Vendor in Green IT and Sustainability by Gartner and listed on the 2012 Global Cleantech 100 and AlwaysOn Going Green Global 200.
About Cleantech Group
Founded in 2002, Cleantech Group’s mission is to accelerate sustainable innovation. Core to this mission is i3, an online platform that connects corporates with innovation, at scale, by allowing them to find, vet, and connect with start-ups—efficiently building an innovation pipeline. In conjunction with i3, we offer premium Advisory Services for corporates in need of expertise designing and executing strategies for sustainable innovation, and managing the pipeline created in i3. The i3 platform comes to life at our global Events, which convene corporates and start-ups, along with other players shaping the future of sustainable innovation.
Cleantech Group is headquartered in San Francisco, and has offices in London and New York. For more information, visit; www.cleantech.com
Vantage PR for BuildingIQ
Katie Blair, +1-407-767-0452 ex 229