Xcel Energy, BuildingIQ to Launch Building Optimization Pilot Program in Colorado
Demand response and energy efficiency program to yield energy savings, maintain tenant comfort
SAN FRANCISCO — BuildingIQ, a leading energy management software company, announced that its Predictive Energy Optimization™ (PEO) platform will serve as the technology powering Xcel Energy’s Building Optimization Pilot Program. Through this pilot, approximately 10 commercial buildings that average daily summer peak load over 500 kW within the utility’s Colorado territory will install BuildingIQ’s cloud-based solution. The companies said participating buildings will experience a reduction in day-to-day energy consumption and can be automatically called upon by Xcel Energy to assist in demand response relief, thus allowing the utility to avoid the need to purchase or produce additional power during periods of high demand.
“Xcel Energy is making its current infrastructure more dynamic while also creating value for its clients with the BuildingIQ platform,” said Michael Nark, CEO of BuildingIQ. “Buildings that have our technology installed will be able to reduce operating costs on a daily basis and participate in demand response events. The cloud-based nature of the platform allows it to be installed quickly and enables users to see results right away, without disruption to a building’s infrastructure or daily activities.”