NYSERDA Deploys Cloud-based Predictive Energy Optimization Platform

The New York State Energy Research and Development Authority (NYSERDA) announces its partnership with BuildingIQ and Energy Solutions to implement a scaled deployment of BuildingIQ’s Predictive Energy Optimization (PEO) platform as part of the Emerging Technology Accelerated Commercialization Commercial-Institutional (ETAC-CI) program. This initiative supports market adoption of energy-saving and load-reduction technologies through statewide demonstrations and aligns with Governor Cuomo’s Reforming the Energy Vision (REV) strategy. It offers training and certification on BuildingIQ’s cloud-based Predictive Energy Optimization platform, as well as up to $20,000 per building for installation. The pilot will run until fall 2017 or until incentive funds expire.

The new project focuses on developing the market infrastructure necessary to bring the PEO technology to scale in New York State. As part of the demonstration, the cloud-based platform is being implemented statewide across a variety of buildings, including commercial offices spaces as well as those within the healthcare, education and retail sectors. It will aim to expand BuildingIQ’s network of qualified installers and offer trainings on how demand response can improve customer value proposition. BuildingIQ’s monthly subscription pricing model minimizes upfront costs and is generally cash flow positive within the first year of implementation.

Developed through the support of NYSERDA’s Clean Energy Fund (CEF), designed to accelerate the state’s use of energy-saving innovations and improve customer decision-making, the pilot will validate project energy savings and publically share results through published case studies, webinars, and an interactive online dashboard to promote customers’, contractors’ and other stakeholders’ understanding of the technology’s energy and non-energy benefits.

“The energy market is complex and organizations like NYSERDA are vital for identifying and delivering technologies that can benefit New York’s power grid,” said Scott McCormick, vice president of sales and business development at BuildingIQ. “The ETAC program supports technologies, like BuildingIQ’s platform, by helping to provide the market infrastructure necessary to scale. It also builds confidence through verified performance data at scale.”

“The scale of this project is making a wealth of performance data available in aggregate to customers and contractors,” noted Scott Smith, senior program manager at NYSERDA. “The use of real time energy management is allowing us to demonstrate the value of platforms like BuildingIQ. Through the success of these programs, we hope to grow the state’s clean energy economy, lower energy costs and realize significant emissions reductions.”

Building owners and contractors interested in participating in the program are encouraged to contact BuildingIQ at [email protected] or [email protected] or the program manager, Energy Solutions at [email protected] or NYSERDA Project Manager Josh Clyburn at [email protected].

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