Infogrid, a building intelligence and analytics company leveraging AI and data to curb the environmental impact of the global real estate sector, has acquired Buildings IoT’s adaptive buildings technology
Infogrid said acquiring Buildings IoT will enhance its ability to deliver autonomous actions that optimize building efficiency and generate significant energy, carbon and cost savings for clients at a global scale.
Transforming building operations through automation
Commercial real estate is rapidly evolving, driven by the need to meet stringent net zero targets, increased regulation, fluctuating electricity costs and grid conditions, and changing patterns in space usage as the world embraces hybrid working.
Adding to these pressures are widespread workforce shortages in skilled building engineering staff, making the integration of automation and AI into building operations more critical than ever.
The addition of Buildings IoT’s automated demand management, advanced fault detection and diagnostics, and grid-interactive capabilities will strengthen Infogrid’s suite of energy analytics products, helping building owners and operators ensure their properties are operating at peak efficiency by proactively incorporating grid conditions and automating consumption- and demand-reducing measures.
These innovations enable clients to see quicker time-to-value, maximize energy and carbon reductions while optimizing for costs and comfort, and mitigate operating expenses – all while doing more with less.
‘Tech that is good for the planet and the bottom line’
Infogrid CEO Kate Henningsen said: “This technology acquisition marks a pivotal moment in our mission to transform the built environment with technology that is as good for the planet as it is for the bottom line.
“By integrating Buildings IoT’s adaptive buildings capabilities with Infogrid’s suite of energy data and analytics tools, we can offer our clients unprecedented capabilities in automation that help them realize energy, carbon and cost savings faster and more easily than ever before.
“The combined technology represents a new milestone for real estate and facilities teams seeking to reduce their environmental impact and operating budgets at scale.”
Brian Turner, Buildings IoT CEO, added: “Buildings IOT was founded with the mission to revolutionize the way buildings operate.
“Combining the Infogrid and Buildings IoT technologies will be essential in aiding the built environment’s shift to low carbon and making significant strides towards decarbonizing operations.”
Twelve members of Buildings IOT’s US- and Canada-based team will join Infogrid as part of the acquisition as Infogrid looks to incorporate the Buildings IoT solution into its technology stack.
Infogrid will maintain its corporate headquarters in Washington DC and London.
