NEW YORK--(BUSINESS WIRE)--The New York State Energy Research and Development Authority (NYSERDA) today announces its partnership with BuildingIQ (ASX:BIQ) and Energy Solutions to implement a scaled deployment of BuildingIQ’s Predictive Energy OptimizationTM (PEO) platform as part of the Emerging Technology Accelerated Commercialization Commercial-Institutional (ETAC-CI) program. This initiative supports market adoption of energy-saving and load-reduction technologies through high-impact, statewide demonstrations and aligns with Governor Cuomo’s Reforming the Energy Vision (REV) strategy. It offers training and certification on BuildingIQ’s cloud-based PEO platform, as well as up to $20,000 per building for installation. The pilot will run until fall 2017 or until incentive funds expire.
The new project focuses on developing the market infrastructure necessary to bring the PEO technology to scale in New York State. As part of the demonstration, the cloud-based platform is being implemented statewide across a variety of buildings, including commercial offices spaces as well as those within the healthcare, education and retail sectors. It will aim to expand BuildingIQ’s network of qualified installers and offer trainings on how Demand Response can improve customer value proposition. Moreover, BuildingIQ’s monthly subscription pricing model minimizes upfront costs and is generally cash flow positive within the first year of implementation.
Developed through the support of NYSERDA’s Clean Energy Fund (CEF), which is designed to accelerate the state’s use of energy-saving innovations and improve customer decision-making, the pilot will validate project energy savings and publically share results through published case studies, webinars, and an interactive online dashboard to promote customers’, contractors’ and other stakeholders’ understanding of the technology’s energy and non-energy benefits.
“The energy market is complex and organizations like NYSERDA are vital for identifying and delivering technologies that can benefit New York’s power grid,” said Scott McCormick, Vice President of Sales and Business Development at BuildingIQ. “The ETAC program supports proven technologies, like BuildingIQ’s platform, by helping to provide the market infrastructure necessary to scale. It also builds consumer confidence through verified performance data at scale.”
“The scale of this project is making a wealth of performance data available in aggregate to customers and contractors,” noted Scott Smith, Senior Program Manager at NYSERDA. “The use of Real Time Energy Management is allowing us to increase customer confidence in new technologies by demonstrating the value of platforms like BuildingIQ. Through the success of these programs, we hope to make good on the CEF’s promises to grow the state’s clean energy economy, lower energy costs and realize significant emissions reductions.”
Building owners and contractors interested in participating in the program are encouraged to contact BuildingIQ at sales@buildingiq.com or partners@buildingiq.com or the program manager, Energy Solutions at etac-biq@energy-solution.com or NYSERDA Project Manager Josh Clyburn at joshua.clyburn@nyserda.ny.gov.
About BuildingIQ:
BuildingIQ is a leading provider of advanced energy management software that actively predicts and manages heating, ventilation and air conditioning (HVAC) loads in commercial buildings. As the only supplier of patented Predictive Energy Optimization technology, BuildingIQ’s cloud-based solution is powering energy and operational savings in buildings with reductions in HVAC energy costs as high as 25 percent. BuildingIQ delivers measurable results and has received backing from tier one industry leaders, including the Venture Capital unit of Siemens Financial Services, Paladin Capital and Exto Partners. Recognized as a leader in its industry, BuildingIQ has received a number of awards most recently the National iAward for Sustainability in Australia. BuildingIQ is trading on the Australian Securities Exchange under the ASX code BIQ.
About NYSERDA:
NYSERDA offers objective information and analysis, innovative programs, technical expertise, and support to help New Yorkers increase energy efficiency, save money, use renewable energy, and reduce reliance on fossil fuels. NYSERDA professionals work to protect the environment and create clean energy jobs. A public benefit corporation, NYSERDA has been advancing innovative energy solutions since 1975.
About Energy Solutions:
Energy Solutions is an employee-owned energy efficiency and demand side management (DSM) consulting firm that has been designing and implementing innovative DSM programs since 1995. They couple deep technology expertise with best-in-class customer service and rigorous, market-based program design methodologies. They support projects across the entire technology adoption curve—from emerging technology demonstrations to codes and standards development—engaging upstream, midstream and downstream market actors to increase adoption of and accelerate market transformation for best-in-class clean energy technologies. For more information, visit www.energy-solution.com.
