Dive Brief:
- EllisDon Facilities Services will implement Clockworks Analytics’ detection and diagnostic platform in its operations to prioritize and address critical energy, comfort and equipment issues in buildings.
- Clockworks’ AI-driven fault detection and diagnostic platform, which EllisDon will brand EllisonDon OptimizED, will provide root-cause diagnostics and recommended actions when identifying problems with building systems, the companies said in a Sept. 14 release.
- The partnership between the two companies aims to “deliver outstanding value, enhance operational efficiency, and minimize downtime for our clients,” said EllisDon Facilities Services’ senior vice president, Colin Flock.
Dive Insight:
Clockworks Analytics uses cloud-based building analytics software to provide data-driven insights into property operations and inefficiencies within building systems.
Building operators must address asset life extension, stringent regulatory requirements and pressures to manage rising carbon prices and energy costs while simultaneously dealing with an aging workforce and dwindling talent pools, Clockwork Analytics says.
Meanwhile, the U.S. Securities and Exchange Commission is working to finalize its climate disclosure standards. Chair Gary Gensler, in testimony before the Senate Banking Committee last week, said he expects final revisions might take another year or two. Those rules could require companies to submit detailed disclosures of their climate-related risks, greenhouse gas emissions and the measures they are adopting to curtail emissions. Against that backdrop, AI-driven tools are becoming increasingly important for providing facilities managers with insights into potential energy reductions and cost savings.
EllisDon Facilities Services uses technology to optimize the long-term performance of assets and safeguard them through monitoring, operations, maintenance, replacement and rehabilitation services. EllisDon says a multidisciplinary facilities management and advisory team will leverage Clockworks’ AI-based diagnostics and fault detection platform to continuously monitor and “proactively identify potential equipment failures and high-impact maintenance needs.”
The partnership comes on the heels of Clockworks’ recent $16.1 million capital funding round led by Carom Growth Partners. That investment, which brings the company’s total funding to more than $28 million, will be channeled toward expanding its fault detection and diagnostics platform internationally after its channel partner business clocked a 278% growth rate in 2022.
