Technology developed by Australia's CSIRO has the potential to help building owners worldwide to reduce their energy consumption and costs, improve tenant comfort and reduce greenhouse gas emissions.
The BuildingIQ Energy Management System uses mathematical algorithms and other advances to optimise a building's energy management control systems to achieve substantial reductions in energy usage.
The software promises to help cut a building's operating expenses and improve its official National Australian Built Environment Rating System (NABERS) star rating.
A trial of BuildingIQ last year at CSIRO's 4.5 star rated Newcastle Energy Centre achieved cost and energy savings of up to 30 per cent.
The result of 15 years of work by scientists at CSIRO's Energy Transformed Flagship, BuildingIQ is backed by Exto Partners and founded by Michael Zimmerman.
It will be launched in Sydney this week with its first installation of the system in partnership with Investa Property Group.
The initial focus for BuildingIQ is heating, ventilation and air conditioning systems, which consume up to 60 per cent of total energy in commercial buildings. In addition to the building management control system software, BuildingIQ has an add-on called ComfortIQ which allows tenants to provide real-time feedback on comfort levels to the building managers and the BuildingIQ system.
