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Daikin Applied Americas announced it is acquiring a minority ownership stake in Riptide IO, a Santa Barbara, California-based software company that focuses on helping building owners connect, manage, and automate building equipment by bringing the benefit of the Internet of Things (IoT) to commercial buildings.

Through devices such as smart thermostats that allow users to remotely control household temperatures or LED lights that can be switched on and off from a smartphone, the much-hyped Internet of Things (IoT) concept has arrived in the residential setting, says Navigant Research.

The U.S. Department of Energy (DOE) announced the launch of the SEED Collaborative, a strategic effort to help cities and states manage building energy performance data and identify opportunities for efficiency improvements in their jurisdictions.

Venstar®, a thermostat and energy management systems manufacturer, was named the winner of the Fierce Innovation Energy Efficiency Award for its Surveyor® energy management system (EMS).

The National Electrical Manufacturers Association (NEMA) Motor & Generator Section will host a second series of webinars in December related to the U.S. Department of Energy’s (DOE’s) motor regulation, which will take effect on June 1, 2016.

The New York State Energy Research and Development Authority (NYSERDA) has introduced its new Affordable Solar program to increase access to solar for low- to moderate-income homeowners.

Antares Capital and American Capital arranged for $170 million in financing to support the acquisition of Kele Inc. by Snow Phipps Group LLC. Kele is a distributor of peripheral control products used in building automation systems. Snow Phipps is a private equity firm focused on middle-market control investments.

BuildBoom, a construction social network has officially launched its public invitation beta with a general public date of Nov. 25, 2015. The social platform is designed to provide members of the industry a professional space to connect and create communities around projects.

International Exposition Co. has announced the winners of the 2016 Air-Conditioning, Heating, Refrigerating Exposition (AHR Expo) Innovation Awards. The annual awards competition honors the most inventive and original HVACR products, systems, and technologies showcased at each year’s AHR Expo.

Smartcool Systems Inc. announced that the company has delivered its first wireless demand control ventilation (DCV) system. The installation was a three-way collaboration between Smartcool Systems, Airtest Technologies Inc., and Total Energy Concepts Inc.