June 17, 2014: Direct Energy Partners with BuildingIQ for HVAC Energy Monitoring
Cloud-Based Software Improves Operational Efficiency of Commercial Buildings' HVAC Systems
PITTSBURGH and FOSTER CITY, Calif. — Direct Energy Business has signed a partnership agreement with BuildingIQ to offer a cloud-based software solution to Direct Energy Business customers to reduce HVAC energy costs and improve the carbon footprint of commercial buildings. The software uses advanced algorithms to learn a building’s patterns and to develop a model to improve the building’s HVAC energy performance.
The software works with a building management system (BMS) to automatically fine tune temperature and pressure set points. The solution is deployed as a web-based software-as-a-service (SaaS) product that continuously obtains data on the local weather forecast, the occupancy for the building, energy prices, tariffs, and demand response signals. Based on these inputs, it runs thousands of simulations to arrive at the most efficient HVAC operating strategy for the next 24 hours.