SAN FRANCISCO--(BUSINESS WIRE)--BuildingIQ, a leading energy management software company, today announced that it has been named a winner in the 2014 National Energy Efficiency Industry Awards for its installation in the Australian Technology Park (ATP). BuildingIQ is acknowledged for its ability to seamlessly integrate its energy management platform into the ATP and showcase performance, leadership and innovation in the reduction of energy consumption. The installation was recognized as the Best Commercial Energy Efficiency Project for 2014 in Australia.
The ATP, a business and technology precinct, is comprised of five distinct buildings located in a campus-like setting in the suburbs of Sydney. BuildingIQ was selected to deploy its Predictive Energy Optimization™ (PEO) software at four of the buildings, beginning with the 120,000 square foot facility occupied by the National Information and Communications Technology Australia (NICTA). Despite already being considered a highly efficient building with NABERS scores of 5.5 out of 6, BuildingIQ made a significant impact and reduced energy usage even further. Using predictive analytics and advanced algorithms, BuildingIQ lowered energy consumption by 18.8 percent and reduced 30,025 kWh since the project’s inception in April 2014.
“To receive this award is a testament to BuildingIQ’s and our internal team’s leadership and commitment to exceed expectations and deliver energy savings in a building that was already highly efficient. We are honoured to receive this award alongside one of our partners in sustainability, BuildingIQ,” said Gary Love, ATP’s Head of Facilities.
BuildingIQ is the first predictive software to intelligently optimize energy consumption with no impact on occupant comfort. It works with existing building management systems (BMS) and uses advanced algorithms to create a forecast that incorporates variables such as cost, weather conditions and utility data, while ensuring tenant comfort. The self-learning model makes real-time adjustments to the BMS in order to create savings in HVAC energy costs, as is the case at the Australian Technology Park.
“We have worked extremely hard to ensure a seamless implementation of our software and to reach a new level of sustainability within a building that houses Australia’s largest organization dedicated to ICT research,” said Michael Nark, CEO of BuildingIQ. “It is a tremendous achievement to be recognized with this award, in partnership with ATP, and receive acknowledgement from the Energy Efficiency Council as a top energy efficiency project in Australia. We view this Industry award as a significant milestone that reinforces the efforts of our dedicated team.”
The National Energy Efficiency Industry Awards were created by the Energy Efficiency Council to foster excellence in energy efficiency, cogeneration and demand management. Winners were announced at this year’s National Energy Efficiency Conference.
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 the 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.