BuildingIQ wins energy-efficiency award

BuildingIQ has won the 2014 National Energy Efficiency Council (EEC) Award for its installation at the Australian Technology Park (ATP).

The company has been recognised for its ability to seamlessly integrate its energy management platform into the ATP and display performance, leadership and innovation in the reduction of energy consumption. The installation was recognised as the Best Commercial Energy Efficiency Project for 2014 in Australia. The ATP, a business and technology precinct, comprises five distinct buildings located in a campus-like setting in the suburbs of Sydney.

BuildingIQ was selected to deploy its Predictive Energy Optimization (PEO) software at four of the buildings, beginning with the over 36,000 m² facility occupied by the National Information and Communications Technology Australia (NICTA). Despite already being considered a highly efficient building with NABERS scores of 5.5 out of 6, BuildingIQ made a significant impact and reduced energy usage even further. Using predictive analytics and advanced algorithms, BuildingIQ lowered energy consumption by 18.8%, ie, 30,025 kWh, since the project’s inception in April 2014.

BuildingIQ works with existing building management systems (BMS) and uses advanced algorithms to create a forecast that incorporates variables such as cost, weather conditions and utility data, while ensuring tenant comfort. The self-learning model makes real-time adjustments to the BMS in order to create savings in HVAC energy costs, as is the case at the ATP.

“We have worked extremely hard to ensure a seamless implementation of our software and to reach a new level of sustainability within a building that houses Australia’s largest organisation dedicated to ICT research,” said Michael Nark, CEO of BuildingIQ. The National Energy Efficiency Industry Awards were created by the Energy Efficiency Council to foster excellence in energy efficiency, cogeneration and demand management.