Cloud-based software selected to maximize energy efficiency, create free cash flow, and reduce operating costs with no upfront capital
San Francisco – October 12, 2015 – BuildingIQ, a leading energy management software company, today announces that its energy management software is being deployed at the University of California Los Angeles (UCLA); California State University in Long Beach, California; Jefferson State Community College in Birmingham, Alabama; University of South Florida in St. Petersburg, Florida; and the University of Miami in Florida.
“UCLA has very high objectives in terms of sustainability and cost-savings, and we are well on track to meet and even surpass them,” said Derek Johnson, VP Client Services Delivery and Support for BuildingIQ. “Our solution was implemented in two of UCLA’s student union buildings. It’s rare to find a time when students and faculty aren’t utilizing the buildings’ numerous study lounges, reading rooms, office spaces or eateries. Despite this constant activity, we have a great opportunity to deliver substantial savings to this client.”
For each building, BuildingIQ’s Predictive Energy Optimization ™ (PEO) platform works with the existing building management system (BMS) to create a custom thermal model that can predict energy consumption, cost and comfort based on building characteristics, weather forecasts, energy pricing and even receive signals from the utility. The software then determines the optimal HVAC operating strategy for the next 24 hours, making real-time adjustments based on changing conditions.
BuildingIQ’s solution also enables each campus to participate in demand response (DR) programs, if offered by the local utility. For instance, the University of South Florida has collaborated with its local utility, Duke Energy, to set up an energy efficiency and demand response pilot. This will allow the USF team to create cost savings and reduce the campus’ energy consumption when the power grid is stressed by using BuildingIQ’s platform to automatically participate in DR events initiated by the utility.
“BuildingIQ is offered on a subscription basis with no upfront capital, making it easier for educational institutions to adhere to very strict budgets and generate savings,” said Michael Nark, CEO of BuildingIQ. “Our platform is also able to adapt to numerous types of spaces with different functions and occupancy patterns. This level of versatility makes the solution ideal for education campuses, allowing them to deploy a single solution across classrooms, lecture halls, student unions, food courts, auditoriums and office spaces.”
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 a National iAward for Sustainability, a National Energy Efficiency Industry Award for Best Commercial Energy Efficiency Project, Bloomberg New Energy Pioneers Award, Fierce Innovation Awards’ “Best in Show”, a Cool Vendor in Green IT and Sustainability by Gartner and listed on the Global Cleantech 100 and AlwaysOn Going Green Global 200.
Vantage PR for BuildingIQ
Sean Welch, +1-407-767-0452 ex 228