BuildingIQ saves energy in Washington, D.C. public buildings
BuildingIQ will deploy its cloud-based technology within eight of the District of Columbia’s public buildings
The Washington, D.C. Department of General Services picked BuildingIQ, an energy management software company, 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.
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.
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