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The Silicon Review Asia

BuildingIQ, Inc: Provider of Energy Efficiency Solutions for Facilities throughout the United States and Australia

The Silicon Review
December, 2018


“Our services can be deployed selectively to meet the needs of any building across any size portfolio or geography.”

With the ushering in of the Internet age, many argue that every aspect of daily life will soon be fully integrated with the web. Internet pioneer Steve Case of AOL fame coined this era as the Internet of Everything (IoE), spanning beyond today’s Internet of Things (IoT).

In the buildings industry, an Internet of Everything building might look like artificial intelligence (AI) working in perfect harmony with increasingly powerful, embedded processors within devices installed in the building. These intelligent buildings would have self-diagnostics capabilities and self-adjust to fluctuations in external or internal conditions.

In light of the above-mentioned scenario, we’re thrilled to present BuildingIQ, Inc.

BuildingIQ engages in the design, development, engineering, sale, and installation of integrated software projects in the United States, Canada, and Australia. Its software solutions are used for the reduction of energy, operations, and maintenance costs of various building systems, such as heating, ventilation, and air conditioning systems.

The company was incorporated in 2012 and is headquartered in San Mateo, California.

The Company Profile | BuildingIQ, Inc

BuildingIQ, Inc:Continues to Make an Impact

BuildingIQ helps building owners and operators worldwide lower energy use, increase building operations efficiency and tenant comfort. The company builds services and solutions based on a core set of technologies incorporated into its platform and methodology —data analytics, modeling and optimization technologies, purpose-built applications, and human-powered, technology-enabled managed services. BuildingIQ’sservices deliver value to building owners and operators at any stage of a building’s lifecycle.

The company’s unique five-pillared approach incorporates the best of Internet of Things solutions with none of their inherent drawbacks.

Part of BuildingIQ solutions use technology originally developed by CSIRO, Australia’s national lab and inventor of WiFi. Over 50 years of R&D were invested in creating the optimization technology that BuildingIQ engineers continue to improve every day.

Investors in BuildingIQ include the Venture Capital unit of Siemens Financial Services, Aster Capital —backed by Schneider Electric, Alstom and Solvay, Paladin Capital, Exto Partners, and the Energy Division of the Commonwealth Scientific and Industrial Research Organisation (CSIRO).

BuildingIQ, Inc: Product Overview

5i Intelligent Energy Platform:The BuildingIQ 5i Platform of technology-enabled services learns and evolves with your building or portfolio of buildings’ needs. Deployment occurs once, when you engage with BuildingIQ, giving you —building owners and operators— the ability to select the services that best solve today’s problems, and then easily add new ones to tackle tomorrow’s demands.

The services offered can be deployed selectively to meet the needs of any building across any size portfolio or geography. Services that power the company’s solutions range from ticket management to retro-commissioning, to closed-loop control that tunes your building’s HVAC settings 24/7.

Visualization:Energy metering is the first step in understanding how you use energy. BuildingIQ provides cloud-based deep metering to enable energy management solutions.

Building Operations: BuildingIQ’stakes on the Building Internet of Things brings an array of products and services to help you manage, tune, and operate buildings through big data, re-commissioning, and monitored commissioning.

Predictive Control:With the addition of forward-looking models, buildings can be continually, intelligently optimized to stay onestep ahead of high costs while keeping tenants comfortable.

BuildingIQ, Inc:Leading from the Front

BuildingIQ is an energy management software company whose mission is to redefine the way energy is managed in commercial buildings. BuildingIQ’s suite of software offerings utilizes Predictive Energy Optimization – the only energy management software platform that forecasts energy demand and automatically adjusts a building’s HVAC settings to continuously optimize energy use and peak loads. The company works with existing building energy management systems and utility demand response systems and incorporates weather forecasts, occupant comfort, utility prices and demand response signals in its optimization algorithms. It automatically reduces energy consumption, cost, and emissions while maintaining or improving occupant comfort.

These offerings reduce energy cost and consumption, helping facility owners, managers and occupants get more value out of their existing energy systems. BuildingIQ has commercialized 15+ years of building control systems, modeling and comfort research developed by the world-leading experts at the Energy Division of the Commonwealth Scientific and Industrial Research Organisation (CSIRO), Australia's national research organization, and combined it with industry expertise to offer commercial facility owners and managers high value solutions with no capital expense outlay.

The company has been honored as Winner of the AIRAH Award for Excellence in Innovation, Tech23's Greatest Potential Award, Red Herring's Asia 100 Award and most recently, Environmental Design + Construction and Sustainable Facility's Readers' Choice Award and Connectivity Week's Buildy Award.

Michael Nark, President/CEO: A Brief Background

Michael Nark brings over 25 years of experience in software and technology-enabled service delivery businesses. He recently served as President and CEO of Power Analytics. He has a proven track record of building successful, efficient organizations and experience in leading companies to profitable growth. Prior to Power Analytics,Mr.Nark was President and CEO of Prenova, an energy management services provider to the C&I marketplace where he led the business to triple-digit growth. Prior to Prenova, he served as President and CEO of GEOCOMtms, a fleet management software provider to the oil and gas industry.

Mr.Nark holds a B.S. in Engineering from Miami University.

“With the addition of forward-looking models, buildings can be continually, intelligently optimized to stay onestep ahead of high costs while keeping tenants comfortable.”


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