Cloud-based energy management platform uses predictive energy optimization to saves hospital 20 percent in energy costs during peak season
San Francisco – April 2, 2015 – BuildingIQ, a leading energy management software company, and Entro.py, an energy management solutions provider, today announced that St. Vincent’s Hospital has successfully reduced energy consumption by 1.7 million kWh within 14 months. Using a three step process of establishing a historic energy consumption baseline, learning the building’s thermal dynamics and optimizing energy usage with BuildingIQ’s Predictive Energy Optimization™ (PEO) platform, the two companies increased energy efficiency at the 409,000 square foot Xavier Building on St. Vincent’s medical campus in Darlinghurst, Australia. This was all accomplished with no disruption to hospital operations.
For this installation, BuildingIQ’s PEO software seamlessly integrated with the facility’s existing building management system (BMS), managed by Entro.py. Within weeks of the initial deployment, total energy savings increased from 5 percent to 10 percent and continued to rise throughout the Australian summer season. By the peak month of December, total savings – not just HVAC savings – reached as much as 20 percent. In the first 14 months of installation, savings reached 12 percent of total energy consumption.
The incorporation of BuildingIQ’s platform overcame major challenges, such as the hospital’s long-time practice of overcooling the building in order to ensure optimal comfort for patients and staff. By learning the building’s performance patterns and taking into account variables, such as weather forecasts, occupancy comfort, energy prices and demand response events, BuildingIQ optimized HVAC operations and enabled St. Vincent to meet its peak load using two chillers instead of the three that had been historically used.
“St. Vincent’s is a world-class hospital that is always finding new ways to lower energy usage and ensure the comfort of its patients and staff in day-to-day operations,” said Michael Nark, CEO of BuildingIQ. “Our work with Entro.py has allowed the hospital to see significant savings in a short amount of time. Now, St. Vincent’s is able to meet peak load using one less chiller and generate additional cash flow that can be redirected to any number of the hospital’s various offerings in clinical care, research and education.”
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.
Entro.py helps its customers to reduce their energy footprint by providing software and hardware tools designed to save energy. With more than 25 years of experience in BMS with an emphasis on system integration, entro.py has positioned itself as a Big Data expert helping building owners to make sense of the chaos of their data. Partnering with leading energy efficiency companies including cloud based solution providers like BuildingIQ, entro.py delivers self-funding energy savings solutions primarily based around predictive energy optimization (PEO) and demand response (DR). As an ESCO entro.py takes a holistic approach and recommends the service combination that will return the best results.
Vantage PR for BuildingIQ
Sean Welch, +1-407-767-0452 ext. 228