SYDNEY, AUSTRALIA--(BUSINESS WIRE)--BuildingIQ, a leading energy management software company, has been awarded a $1.2 million grant from Commercialisation Australia, an initiative of the Australian federal government.
With this grant, the largest awarded among 13 companies, BuildingIQ will expand its offerings to continue to redefine the way energy is managed in commercial buildings.
As the recent heat waves across the country have shown, power grids are struggling to cope with increasing energy demand.
Much of this demand is from Commercial buildings which consume 20 percent of all power and with the downturn in the sector, are struggling with growing energy costs.
BuildingIQ’s software is providing relief by reducing energy costs and peak power loads in commercial buildings -- without costly upgrades or capital expenditures. Building managers can also take advantage of demand reduction incentive programs by automating DR events with minimal risk to tenant comfort. BuildingIQ enables smarter, more profitable buildings.
“With this funding, we look forward to extending our presence around the world, and working with the industry to enable smarter buildings to connect to a smarter grid,” said Mike Zimmerman (top right photo), CEO of BuildingIQ.
“The future of energy management is proactive optimization – basically a more intelligent, more profitable way to manage energy in commercial buildings. We are privileged to have been recognized by the Australian government as a pioneer in our field and look forward to further expanding our product offerings.”
Contacts
Vantage Communications for BuildingIQ
Tory Patrick, +1-202-558-9826
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