According to the European Union (EU), the building sector is considered the largest consumer of energy (contributing towards 40% of global energy use and 30% of the total CO2 emissions). The heating and cooling facilities in households consume about 79% of total energy, with majority of it generated from fossil fuels.
In order to move towards a low carbon economy, it is essential to focus on energy optimization in building services, in particular - heating, ventilation and air-conditioning (HVAC), which are currently not as efficient as they do not account for changing weather patterns, variable energy costs or the building’s thermal properties.
California-based BuildingIQ is an energy management software platform that reduces HVAC energy consumption and costs, in large scale commercial buildings while maintaining occupant comfort.
Their suite of services is built on the 5i energy intelligent platform that utilizes a unique patent-pending Predictive Energy Optimization (PEO) technology, which forecasts energy demand and accordingly adjusts buildings' HVAC settings.
This cloud-based SaaS (software-as-a-service) platform is capable of processing large amounts of disparate data from continuously changing conditions like weather patterns (temperature, humidity etc.), readings from HVAC pressure sensors, thermal and power meters, peak utility demand signals, and also takes into account the occupants’ comfort preferences. The data captured is then analyzed along with further what-if comparisons and combinations, and converted into predictive models, to allow proactive control of the buildings’ HVAC settings for optimal energy use.
It is said to deliver 10-25% of cost savings, going up to 40% during operational peaks.