5i platform for intelligent energy management powers new service to allow repeatable, on-demand measurement & verification of energy initiatives for commercial building owner/operators, hospitals, educational institutions and government properties
San Francisco – October 27, 2016 – BuildingIQ today announced the general availability of a measurement and verification service that allows building owner/operators to automatically measure and verify the effectiveness and impact of energy saving measures in order to qualify for utility or organizational savings incentives and mandates. Called Automated Measurement & Verification (AM&V), the new service is compliant with the International Performance Measurement and Verification Protocol (IPMVP) practices and is designed to deliver faster, more reliable M&V while being much more cost effective than traditional approaches. AM&V rides on top of the BuildingIQ’s recently released 5i energy intelligence platform. With AM&V, organizations can deploy M&V technology once, and use it frequently—saving time, money and complexity.
“Automating data gathering and making M&V calculations transparent can reduce project costs and improve confidence in the energy savings,” said Teddy Kisch, Senior Project Manager at Energy Solutions. “Incorporating automated M&V protocols into a platform solution like BuildingIQ offers is a critical component of next-generation building technologies and will someday be ubiquitous for many energy consuming devices.”
Energy Solutions is a clean energy consulting firm implementing a 25-building pilot with BuildingIQ and the New York State Energy Research and Development Authority (NYSERDA). The pilot focuses on building customer confidence developing supply-chain infrastructure to scale intelligently-managed building energy services throughout the state.
According to Sampath Gomatam, BuildingIQ’s vice president of product, “Measurement & verification is an essential component of sustained energy efficiency and sustainability. The decision to develop AM&V as both a standalone service and as an element of our premium offerings was driven by the notion that energy efficiency is a continuous, dynamic, and complex effort – making it imperative that companies adopt platforms that learn and self-correct.”
The methodology used in AM&V is consistent and repeatable, effectively eliminating the human error inherent in standard M&V practices including data collection (independent and dependent variables), baseline creation, baseline prediction output, savings calculations (baseline vs. actual), and non-routine adjustments. AM&V baseline models are rigorously reviewed prior to use, and all results undergo periodic quality assurance.
“With all functionality built into BuildingIQ’s 5i cloud-based platform, measurement & verification is automated in an easy-to-use and transparent way,” added Gomatam. “AM&V allows stakeholders to evaluate system performance without costly and time-consuming third party analysis, and yet provides complete transparency to outside auditors by making all of the building blocks available as auditors’ needs arise.”
BuildingIQ’s 5i Platform uses energy intelligence to optimize energy, improve operations, and increase tenant comfort in a wide range of buildings. Services that power BuildingIQ solutions from ticket management, to retro-commissioning, to closed loop control that tunes a building’s HVAC settings every four hours. The platform has five intelligent pillars: data capture and analysis, modeling, measurement & verification, control, and human expertise. This unique approach results in a better Internet of Things (IoT)-enabled building.
More information can be found about BuildingIQ’s AM&V service on the company’s blog at http://bit.ly/2cXyO1V or on the web at BuildingIQ.com.
BuildingIQ (ASX: BIQ) helps building owners and operators worldwide lower energy use, increase building operations efficiency, and tenant comfort. The company’s 5i cloud-based platform and managed services deliver on the promise of IoT for buildings with none of the drawbacks. Over 60M square feet of building space is serviced by BuildingIQ. Investors in BuildingIQ include the Venture Capital unit of Siemens Financial Services, Paladin Capital and Exto Partners.
More information about BuildingIQ can be found at www.buildingiq.com.
PAN Communications for BuildingIQ
Sean Welch, +1-407-767-0452 ext. 130