BuildingIQ optimizes heating and cooling of commercial buildings using data analytics, helping to reduce energy consumption and bills.

BuildingIQ offers technology-enabled efficiency improvement services for commercial buildings. Its cloud-based Predictive Energy Optimization platform leverages information from the building’s management system, as well as variables such as weather forecasts, occupancy patterns, energy rates and utility signals to make automatic adjustments to heating and cooling operations. As a result of these finely tuned adjustments, commercial buildings can reduce energy consumption from heating and cooling by as much as 25%, according to the company.

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We’re proud to offer building owners an intelligent, customizable, and scalable solution to reduce heating and air conditioning consumption, a leading contributor to rising energy costs and our growing global emissions problem.

Michael Nark – Founder and CEO, BuildingIQ

Presented in the form of real-time online dashboards, the system enables building owners and facility managers to identify savings directly attributable to the BuildingIQ service, and compare performance to baseline conditions. The platform is also able to communicate directly with utilities in order to facilitate seamless participation in demand response events. BuildingIQ’s services are offered on a subscription basis and require no significant infrastructure changes. So far, more than 140 commercial buildings use the system.

Why you should care

Commercial buildings account for nearly 20% of the USA’s energy consumption, with more than half the energy use going toward heating and lighting. In addition, buildings account for nearly 40% of the USA’s total CO2 emissions. BuildingIQ’s cloud-based cooling and heating optimisation mechanisms enable reductions in energy consumption and, consequently, CO2 emissions.

How the Global Goals are addressed

Affordable and Clean Energy
Reducing energy consumption by up to 25% in buildings by using data analytics helps reduce energy bills for consumers, making energy more affordable

Clean water and sanitation
BuildingIQ technology can help commercial buildings to cut their energy consumption levels, increasing the sustainability of almost all business sectors.

Climate action
Savings from commercial buildings are significant: If all commercial buildings improved energy efficiency by 10%, CO2 emissions prevented would equal emissions from about 49 million vehicles.

About BuildingIQ

BuildingIQ (ASX:BIQ) helps building owners and operators worldwide lower energy use, increase building operations efficiency and tenant comfort. BuildingIQ builds services and solutions based on a core set of technologies incorporated into its platform and methodology —data analytics, modeling and optimization technologies, purpose-built applications, and human-powered, technology-enabled managed services.

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Global Goals addressed

Deployed in: Australia, USA
Developed in: Australia
Stage: Full implementation