US electric utility software developer Gridium has won a contract with a real estate investment trust to deploy a cloud-based data analytics solution in a bid to cut energy use.
Douglas Emmett will install the software to track energy consumption data across its portfolio of 58 buildings.
The developer plans to use the big data analysis to understand why monthly utility bills vary from year to year, said Robert Lutes, Director of Engineering Services at Douglas Emmett.
“Our efforts to lower energy use and costs and improve tenant comfort take a variety of forms, such as lighting retrofits, upgraded energy management systems, ongoing training for our engineers, and advanced energy and bill data analysis. The last item is where Gridium comes in: their tools help my team identify savings opportunities and quantify the factors that cause monthly utility bills to vary year over year.”
Gridium’s analytics software includes an online web portal accessible from any internet browser and emailed alerts and reports.
Monitoring multiple-occupancy buildings
Real estate developers are showing an increasing interest in energy monitoring and measurement technology.
In June 2014, Metering.com reported how global commercial real estate company Colliers International's case study of how smart meters deployed in British Columbia had helped them cut energy consumption in a building they manage by up to 26%.
Lorina Keery, manager of sustainability, real estate management services, at Colliers International, said: “We saw the value of accessing the consumption data and immediately took advantage of this information so that we could further our understanding of where there may be opportunities for improvement in electricity consumption.
“We had compelling results from the first building that we looked into, which spurred further action for the remainder of our portfolio.”