|By Business Wire||
|May 14, 2013 10:03 AM EDT||
BuildingIQ, a leading energy management software company, today announced that it has been named in the “Cool Vendors in Green IT and Sustainability, 20131” report by leading research firm, Gartner Inc. As one of six vendors selected by Gartner, BuildingIQ is recognized for its software’s ability to overcome energy efficiency challenges in commercial buildings, aiding in the reduction of HVAC energy costs by as much as 25 percent.
For this year’s report, Gartner identified vendors that address two key themes that are becoming increasingly related in the area of sustainability: namely, building energy efficiency and stakeholder engagement, especially through the use of gamification. BuildingIQ’s cloud-based software integrates with the existing building energy management system (BEMS), allowing for easy installation in both new and existing structures. Variables such as utility tariffs, demand response signals, weather forecasts, occupant comfort and building characteristics are incorporated into algorithms that provide a custom solution to fit any building’s sustainability needs. It requires little capital expenditure and can provide a quick return on investment through reductions in energy consumption.
According to Gartner, “this technology is directly relevant to engineering and facility management specialists and utilities with demand response and energy efficiency programs targeted at the commercial sector.”
“We believe that recognition from Gartner speaks to our solution’s ability to reduce energy consumption and deliver tangible results that ultimately reduce the environmental footprint of commercial buildings,” said Michael Zimmerman, CEO of BuildingIQ. “Every building is different, and that is why it is so important to utilize a technology that is able to take into account all the unique characteristics of a facility.”
For the full report, visit: http://www.gartner.com/DisplayDocument?doc_cd=247681&ref=g_sitelink.
BuildingIQ is a leading provider of advanced energy management software that actively predicts and manages HVAC loads in commercial buildings. As the only supplier of patent-pending Predictive Energy Optimizationtm technology, BuildingIQ’s cloud-based solution is powering energy savings in buildings across the globe with reductions in HVAC energy costs by as much as 25 percent. BuildingIQ delivers measureable results and has received backing from tier one industry leaders including Aster Capital (backed by Schneider Electric, Alstom and Solvay), the Venture Capital unit of Siemens Financial Services (SFS VC), Paladin Capital and the Energy Division of the Commonwealth Scientific and Industrial Research Organisation (CSIRO).
About the “Cool Vendor” Selection Process:
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Recognized as a leader in its industry, BuildingIQ most recently was named winner of the 2013 Bloomberg New Energy Pioneers Award and listed on the 2012 Global Cleantech 100 and AlwaysOn Going Green Global 200.
For more information, visit: http://www.BuildingIQ.com/.
1 Gartner “Cool Vendors in Green IT and Sustainability, 2013” by Simon Mingay, Stephen Stokes, Ganesh Ramamoorthy, Chet Geschickter and James F. Hines. April 23, 2013.