Dive Brief:
- Infogrid is acquiring Buildings IOT’s adaptive buildings technology to enhance its artificial intelligence-driven products for building energy efficiency and decarbonization, it announced last week.
- Buildings IOT’s automated demand management, advanced fault detection and diagnostics and grid-interactive capabilities will strengthen its suite of energy analytics products, Infogrid said in a news release Wednesday.
- The combination will create “unprecedented capabilities in automation that help [clients] realize energy, carbon and cost savings faster and more easily than ever before,” said Infogrid CEO Kate Henningsen.
Dive Insight:
Commercial real estate owners and operators increasingly face pressures from regulators, tenants and investors to reduce their buildings’ emissions. At the same time, they are contending with rising electricity costs, constrained grid conditions, and changing patterns of space use amid a shift to hybrid workplace models, Infogrid said in the release.
Widespread shortages in skilled building engineering staff make the integration of automation and AI into building operations “more critical than ever,” Infogrid said.
Buildings IOT’s suite of adaptive buildings features, which draws on machine learning technology, hit the market in November 2023. The adaptive building feature set uses a proprietary onPoint equipment-level user interface that allows operators to “monitor, manage and maintain building systems without hopping from interface to interface,” according to the company’s product brief. Through the onPoint interface, users can manually establish a temperature setpoint or an electricity load reduction in advance, while ensuring optimization efforts do not affect building occupants, Buildings IOT says.
Adding Buildings IOT’s technology to Infogrid’s products will help real estate and facilities teams reduce their environmental impact and operating budgets at scale, Henningsen said in the news release.
Twelve Buildings IOT staff members will join Infogrid as part of the acquisition, the companies said.
