Cloud-based Predictive Energy Optimization™ (PEO) platform deployed across the city’s portfolio of public buildings
San Francisco – May 7, 2015 – BuildingIQ, a leading energy management software company, today announced that it has been selected by the DC Department of General Services (DGS) to deploy its cloud-based technology within eight of the District of Columbia’s public buildings, ranging from hospitals and education facilities to commercial office spaces managed by DGS.
BuildingIQ’s Predictive Energy Optimization (PEO) platform will automatically create a custom thermal model for each building that can predict energy consumption, cost and comfort based on building characteristics, weather forecasts, energy pricing, and signals from the utility. The software will make real-time changes to each building, directly adjusting heating, ventilation, and air condition system parameters, that can reduce heating and cooling costs by as much as 25 percent. This automated, cloud-based solution requires no manual interaction, thus freeing up labor hours from building staff and engineers.
The partnership, facilitated by the U.S. Department of Energy’s (DOE) grant program, will deliver on the District’s commitment to lower energy consumption, save taxpayers money, and reduce greenhouse gas emissions.
“We’re excited to make BuildingIQ’s platform part of our climate driven energy strategy,” said Mark Chambers, Director of Sustainability and Energy for DGS. “The technology will not only maximize operating efficiency and reduce energy costs, but will also provide the city with a valuable revenue stream, through demand response, that will go a long way toward ensuring the comfort, safety, and security of District residents and employees.”
BuildingIQ’s platform will save money and generate revenue by optimizing energy use and enabling demand response in more than 3,200,000 square feet of space across the following District buildings:
BuildingIQ will work with DGS, New City Energy, and the Lawrence Berkeley National Lab to deliver annual savings of $600,000 and generate more than $1,000,000 in free cash flow over the term of the partnership. As a DOE program participant, DGS will also receive numerous cost share benefits
“The District of Columbia is actively committed to energy efficiency and we commend the city’s efforts to ensure the District’s infrastructure is operating at the highest level of efficiency,” said Michael Nark, CEO of BuildingIQ. “We’re very excited to work with DGS and New City Energy to implement our service solution across such a diverse portfolio of buildings that includes healthcare, education, and office facilities. BuildingIQ’s ability to adapt to various building types with numerous functions makes it a perfect tool for helping meet the District’s energy efficiency goals.”
About the DC Department of General Services:
The mission of the DC Department of General Services (DGS) is to elevate the quality of life for the District with superior construction, first-rate maintenance, and expert real estate management. By building and maintaining safe and green state-of-the-art facilities that foster economic growth and elevate educational environments, our trusted and skillful employees create modern and vibrant communities across all of the District of Columbia.
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 2014 National Energy Efficiency Industry Award for Best Commercial Energy Efficiency Project, 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 2014 Global Cleantech 100 and AlwaysOn Going Green Global 200.
Vantage PR for BuildingIQ
Sean Welch, +1-407-767-0452 ext. 228