SYDNEY & SAN MATEO, Calif.--(BUSINESS WIRE)--BuildingIQ (ASX: BIQ) today announces that it has partnered with the Springfield Land Corporation (SLC) to implement its cloud-based platform for creating IoT-enabled buildings, at 6 Yoga Way Springfield Central which houses GE’s Queensland, Australia headquarters among other tenants. The 14,000-square meter, AU$72 million futuristic office, located in central business district (CBD), boasts a stellar reputation for sustainability with a 6 Star Green Star rating and the Current Performance with a 4 Star NABERS rating. The building is targeting a 4.5 NABERS rating performance. BuildingIQ’s 5i platform – built upon the five pillars of data capture and analysis, modeling, measurement & verification, control, and human expertise – is being used to add unprecedented transparency into the building’s operations, maximize occupant comfort and optimize energy usage.
Through ongoing analysis, the BuildingIQ 5i platform yielded immediate benefit. The platform has been used to identify high load within the building and has provided actionable, data-driven insights for the building manager to streamline operations. The moment BMS data begins to flow to BuildingIQ’s cloud, pattern and trend anomalies can potentially be identified and tracked. This approach also provides the benefits of scale that large portfolio owners require to manage energy across wide geographies. The same work that is being done at GE’s building can be replicated throughout numerous properties. BuildingIQ’s platform enables a portfolio approach to energy management, with building data from multiple structures and BMSs being pulled into one central repository or dashboard.
“We are excited about this strategic partnership to create a smart city solution using BuildingIQ’s technology,” said Paul Wyatt, Chief Digital Officer of Springfield Land Corporation. “There has been a large emphasis on the construction of Greater Springfield thus far, and creating a digital infrastructure to optimize operations is just as important. The data-driven approach that BuildingIQ provides to us through its 5i platform ensures that we continue to make informed choices that will benefit the fledgling city as it continues to grow.”
The scalability of BuildingIQ’s platform is significant as the building is just one structure within the Greater Springfield area. The development covers 2,860 hectares with 390 hectares dedicated to the CBD. The dedicated space provides a future employment base for an estimated 52,000 workers with an area of 2.6 million-square meter of office, retail, health and technology facilities. With BuildingIQ’s extensive experience in working to augment BMS’s from virtually any provider within commercial office spaces, education campuses, healthcare facilities and retail spaces, there is great potential for expansion within Springfield. In addition, to the benefits that daily energy optimization provides, widespread adoption of the 5i platform would also create the necessary foundation for the city as a whole to participate in demand response events.
“It’s inspiring to watch SLC execute on turning Chairman Maha Sinnathamby’s smart city vision into a reality,” said Michael Nark, president and CEO of BuildingIQ. “Incorporating our IoT-enabled, energy management platform will ensure that the city’s building infrastructure, such as 6 Yoga Way, lives up to its full energy efficiency potential. Without continuous monitoring and fine-tuning of controls and operations, even the highest performing buildings will drift into inefficiency. Incorporating BuildingIQ early in the building’s life will ensure the proper return on investment is reached.”
To learn more about BuildingIQ, visit www.buildingiq.com.
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. Over 65M 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.
About Springfield Land Corporation
Springfield Land Corporation is the master developer of Greater Springfield and has been instrumental to the master planned community’s outstanding success. Its vision for Greater Springfield is driven by innovation. Interconnected pillars of health, education and information technology continue to be at the core of this Innovative plan with precincts and economic drivers established to eventually cater for all forms of health, wellness and education. More than $12.7 billion has been invested thus far by our public and private stakeholders with a $1.2 billion major rail and transport hub already a pumping arterial for the area’s success. With 30 per cent of Greater Springfield dedicated to absolute green space it’s easy to see why the community can actually live and work and also rest and play.