A new platform has been announced, combining smart energy meters with a central data dashboard to provide insights into building energy consumption.
Colorado-headquartered Redaptive, an energy-as-a-service provider, launched the digital platform, which tracks and analyses building energy use data to provide insights for facility managers, energy professionals and utilities.
The solution, called Redaptive ONE, assesses building performance with the hope of simplifying sustainability reporting and helping to maximise energy savings.
According to Redaptive, the metering and data dashboard provides a window into consumption across building portfolios, which they claim saves on average 50% on reporting costs and time to gather and interpret the data, in addition to saving between 5%-15% on utility spend.
First Redaptive installs meters to measure electricity, water and gas usage enabling visibility into critical energy consumption for facility managers to make informed improvements.
The platform’s release is followed by implementation across 18 locations, managed by WPT Capital Advisors, in five months.
In a press release announcing the solution, Spender Gerberding, a partner at WPT Capital Advisors, commented: “With Redaptive’s metering solution and the Redaptive ONE platform, our team can easily track and monitor consumption data, by building, across our entire portfolio for water, gas and electricity.”
Gerberding added how, through the solutions, inconsistent consumption patterns were quickly detected and alerts automatically sent “that ultimately create safer, healthier buildings by identifying leaks and building systems that are running at off-peak intervals.”
According to research released earlier this year – Building energy performance monitoring through the lens of data quality: A review – on the importance of smart meter data for energy performance, data quality reporting had been found to be fragmented and limited, although its importance is undeniable across sectors.
According to Redaptive, the platform can also enable access to consumption data for ongoing environmental, social and governance (ESG) and GRESB reporting without the leg work of collecting and deciphering utility bills from tenants.
The launch of the platform followed a $250 million fundraise with CPP, Honeywell, CBRE, Linse Capital and others.