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TMCNet:  City of Las Vegas Leads the Way with Energy Optimization

[November 14, 2013]

City of Las Vegas Leads the Way with Energy Optimization

SAN FRANCISCO --(Business Wire)--

BuildingIQ, a leading energy management software company, today announces that the City of Las Vegas is the first city in the world to deploy its cloud-based energy management system broadly for optimized power consumption. The deployment is part of utility NV Energy's ground-breaking mPowered program. By utilizing BuildingIQ's (News - Alert) optimization software, Las Vegas has become the first major city in the country to leverage this type of energy management solution to achieve meaningful energy savings, while reducing strain on the power grid. It also enables Las Vegas to lay the foundation for creating a fully integrated Smart City.

BuildingIQ's Predictive Energy OptimizationTM software learns a building's HVAC energy patterns to predict consumption. Based on these predictions and electronic signals sent directly from NV Energy, the cloud-based system automatically optimizes energy usage and manages DR events, all while maintaining occupant comfort.

By enrolling in the mPowered program and participating in DR events, Las Vegas will be able to benefit from access to the software and the resulting energy reductions. BuildingIQ's software not only delivers measurable energy and peak load savings, but provides the City of Las Vegas with insights and detailed tracking of the performance of its buildings. In addition, the software can be deployed and deliver results in a wide variety of building types and sizes. This makes it the perfect solution for the City of Las Vegas' diverse portfolio, which includes its award winning, LEED Gold city hall.

"Sustainability is one of the core values for our city," said Tom Perrigo, chief sustainability officer for the city of Las Vegas. "We are proud to be participating in NV Energy's unique program which aims to significantly reduce our carbon footprint. The early results from BuildingIQ's Predictive Energy OptimizationTM solution have been fantastic and we look forward to seeing wide deployment through our city and the state."

"The mPowered program, using BuildingIQ's software, is an excellent example of how a technology vendor, city government, utility and multiple building mangers can come together in order to begin to create a Smart City," said Ruthbea Yenser Clarke, Research Director, global Smart Cities Strategies at IDC (News - Alert). "This program provides a winwin situation for the stakeholders and creates operational efficiency for all parties. We'll start to see a wider adoption of these types of initiatives as they prove successful and people become educated about the tangible benefits."

"Through the Demand Response Partnership Program, USGBC is working with those in the commercial building industry and the energy industry to find solutions that benefit both sides of the grid and the environment," said Brendan Owens, VP LEED Technical Development, U.S. Green Building Council. "We are pleased to be working with NV Energy and their mPowered program to help drive demand response in LEED buildings such as the City of Las Vegas' LEED Gold City Hall."

"Demand response can play a pivotal role in meeting the City of Las Vegas' energy needs without relying on fossil fuel power plants that pollute our air and consume the state's much-needed water resources," said Jim Marston, vice president of Environmental Defense Fund's US Climate and Energy Program. "EDF applauds the City of Las Vegas for taking an innovative, dynamic energy management approach that will spur economic growth, cleaner air and a safer climate for all Nevadians."

"The City of Las Vegas is proof that automated energy management can be extremely successful in large-scale implementations and help to overcome some of the barriers that are associated with developing a Smart City," said Michael Nark, president & CEO of BuildingIQ. "They are already one of the most water-smart cities in the country and are now becoming one of the most energy efficient. The initiatives that have been put into place are turning it into a beacon of sustainability."

BuildingIQ will be exhibiting at GREENBUILD 2013 from November 20-21 in the smart grid pavilion, booth 3959. To learn more, visit http://www.buildingiq.com/.

About BuildingIQ

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 and operational 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 (News - Alert) Financial Services (SFS VC), Paladin Capital and the Energy Division of the Commonwealth Scientific and Industrial Research Organisation (CSIRO).

Recognized as a leader in its industry, BuildingIQ most recently was named winner of the 2013 Bloomberg New Energy Pioneers Award, Fierce Innovation Awards' "Best in Show", a 2013 Cool Vendor in Green IT and Sustainability by Gartner (News - Alert) and listed on the 2012 Global Cleantech 100 and AlwaysOn Going Green Global 200.


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