BuildingIQ Provides Deep Analytics and EnergyStar® PortfolioManager® Reporting to Metering Solution
Detailed analytics identify best practices, highlight operating deficiencies and isolate potential energy savings with little to no equipment cost
SAN MATEO, Calif. – October 2, 2017 – BuildingIQ (ASX: BIQ) today announces that it has launched a major update to its Energy Worksite offering with deep analytics and integration with the company’s 5i energy intelligence platform. Energy Worksite features a new streamlined user interface that seamlessly integrates the user experience with the company’s key 5i services and deepens backend data sharing of energy data to allow a frictionless journey from simple metering to cutting edge predictive control for continual energy optimization. Energy Worksite can now automatically submit usage data to customers’ EnergyStar® PortfolioManager®, the EPA’s online tool used to measure and track energy and water consumption, as well as greenhouse gas emissions. Utilities are increasingly requiring electricity usage reporting in the form of EnergyStar PorfolioManager uploads by their larger commercial customers. Semiannual deep energy analysis reporting has been added to help facility team leaders step back from day-to-day problem solving to identify long-term energy consumption patterns and possible operational issues. With the platform’s analytics and insights, facility managers will now be able to obtain a holistic view of energy usage in a building. The enhancements build on Energy Worksite’s ability to visualize energy usage at the whole building and circuit level, energy benchmarking, and water and gas sub-metering.
“When it comes to creating a smart building, the task can be extremely daunting,” said Michael Nark, president and CEO of BuildingIQ. “Our 5i platform enables services that can benefit a building at any stage in its lifecycle. By providing a single portal for intelligent energy management services, we are able to meet a client’s ongoing needs from ticket management to tracking and benchmarking energy use with Energy Worksite to closed-loop HVAC control with our Predictive Energy Optimization offering.”
Energy Worksite’s new semiannual Meter Insights report provides an overview of energy and estimated CO2 consumption for the previous six months as well as actionable insights and the estimated savings that could be achieved. The Meter Insights report goes beyond benchmarking and provides a layer of actionable insight and operational recommendations. For instance, when the report was compiled for one of BuildingIQ’s commercial building customers in Colorado from August 2016 to February 2017, some of the analysis shared included:
- 35 percent of all electricity use appears to be “24/7” load from equipment which is almost never turned off. Reducing this continuous demand by 10 percent (14.6 kW) would save about $12,300 per year.
- Electricity use was higher than expected for 90.0 hours over the analysis period. Eliminating the excess use would have saved an estimated $1,130. Much of this high use occurred during late night hours (10 p.m. to midnight) in early winter when the load did not drop as expected.
- The report also identified unusual spikes in energy consumption during weekend and federal holidays for a building that only has weekday business hours of operation.
PortfolioManager can be used to benchmark the performance of one building or a whole portfolio of buildings, all in a secure online environment. Energy Worksite automates this tedious requirement behind the scenes. Further, this reporting may help non-EnergyStar rated buildings achieve this recognized accreditation.
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. Approximately 75M 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.
PAN Communications for BuildingIQ
Sean Welch, +1-407-734-7330