BuildingIQ said its software solutions lower energy consumption and connect commercial buildings to the smart grid, reducing peak power loads in commercial buildings without costly upgrades or capital expenditures. In a variety of installations worldwide, said the company, its software has achieved up to 30 percent peak load reductions and 40 percent HVAC savings.
According to Mike Zimmerman, CEO of BuildingIQ, “Our expansion will enable BuildingIQ to continue to extend our global presence, expand our market leadership, and drive change in the way commercial buildings manage energy.”
The company said it is currently working with top real estate investment trusts (REITs), corporations, and utilities in the U.S. and Australia.
BuildingIQ noted that its suite of software offerings utilize the company’s patent-pending PEAC Energy Optimization™ technology, to reduce energy costs and consumption, helping facility owners, managers, and occupants get more value out of their existing energy systems.
For more information, visit www.buildingiq.com.
Publication date: 09/05/2011