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TMCNet:  BuildingIQ Named a 2013 Enterprise Smart Grid Leader by Groom Energy

[July 18, 2013]

BuildingIQ Named a 2013 Enterprise Smart Grid Leader by Groom Energy

SAN FRANCISCO --(Business Wire)--

BuildingIQ, a leading energy management software company, today announced that it has been named a 2013 Enterprise Smart Grid Leader by Groom Energy in their recent report, "2013 Enterprise Smart Grid and a Buyers Guide for Energy Management Software and Technologies." BuildingIQ's (News - Alert) software-as-a-service solution was selected from a list of more than 200 energy management vendors not only for its ability to reduce HVAC energy costs by as much as 25 percent but also because it provides a quick return on investment. A BuildingIQ solution turns existing buildings into Smart Grid-enabled buildings with minimal capital expenditure.

According to Groom Energy's new report, "18 percent of large companies surveyed plan to invest in energy management software in 2013." BuildingIQ's cloud-based software easily integrates into a facility's building management system (BES) in order to optimize energy consumption while reducing operating burden. Adjustments are automatically made to building controls in real-time based on variables, such as weather forecasts, utility tariffs, demand response events, building characteristics and occupant comfort. BuildingIQ's solution eliminates major hurdles that corporate energy, facility and sustainability managers face when trying to meet sustainability goals.

"The commercial building market is a demanding and rapidly evolving sector," said Michael Zimmerman, CEO of BuildingIQ. "To be selected as a top vendor by Groom Energy is a testament to our ability to meet the market's needs with integrated energy efficiency and demand response solution that minimizes financial investment and reduces the strain many facility managers face when implementig these initiatives. We look forward to further pushing industry standards in order to reach new levels of customer satisfaction worldwide."


"We are impressed with the cost savings driven by the BuildingIQ products," said Paul Baier, Vice President of Research and Sustainability Consulting, Groom Energy Solutions. "They are able to reduce operating costs through visibility and control of HVAC load for large commercial buildings. Owners and operators should consider BuildingIQ when looking for cost saving options."

For the full report, visit: http://www.groomenergy.com/orderESG.html

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 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, 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.

For more information, visit: http://www.BuildingIQ.com/.


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