Artificial Intelligence: AI Can Cut Buildings’ Energy Consumption By 20-25%

https://dailyalts.com/wp-content/uploads/2021/05/munich-2516500_640.jpg

The Heating, Ventilation, and Air Conditioning (HVAC) systems in a building are its biggest energy guzzlers.

According to the UN Environment Program, the buildings sector accounts for a whopping 38% of global carbon emissions. The Alliance to Save Energy, a nonprofit energy efficiency advocacy group, says buildings account for about 40% of all U.S. energy consumption and a similar proportion of greenhouse gas emissions. Drilling deeper, it is estimated that heating, ventilation, and air conditioning (HVAC) systems account for 45% of all energy consumed in commercial buildings. Tragically, as much as 30% of this is usually wasted. (Power)

However, there are now AI-based solutions available to get a handle on HVAC energy consumption. BrainBox AI, which is based in Montreal, Canada, uses artificial intelligence to learn a building’s energy “equations” and then to control them for maximizing energy savings without compromising on residents’ comfort.

BrainBox AI’s autonomous technology for commercial HVAC

“We’ve developed an autonomous artificial intelligence technology that applies to commercial buildings in order to render their heating and cooling needs, which is typically the single largest consumer of energy in a building, and to make those much more efficient and certainly much more flexible to outside demands and occupant demands,” says Sam Ramadori, president of BrainBox AI.

Typically, BrainBox AI takes 6-8 weeks to collect data on the building and its various zones. The data includes outside temperature, fan speed, occupant density, and more.

The AI engine can thereafter identify energy patterns and create equations for each zone, and then build an overall energy profile.

Working with the building’s energy profile, the AI engine then combines the energy equations with deep learning and time-series data to calculate how the building’s various zones would react to a change in their environment.

These predictions allow the engine to determine the optimized way to manage energy consumption in each zone. The BrainBox AI engine then instructs the controller of the existing HVAC system to make changes accordingly.

Over time, the AI engine learns from all the data and becomes smarter. Energy savings and efficiency, therefore, grow better with time.

Best of all, the system requires no human intervention and reacts to environmental changes immediately to maintain energy efficiency and the comfort of the tenants.

“We are cutting energy consumption in a building typically by 20 to 25% – so it’s a large reduction – and we do so without turning one screw, which makes it super exciting and powerful,” says Ramadori.

Related Story:   The First “Green Building” ETF From Invesco Will List Today

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2023/12/AMD_headquarters_santa_clara.624da707519a6.jpg
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
December 7, 2023     Artificial Intelligence, News

Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…

https://dailyalts.com/wp-content/uploads/2023/12/RHCEU-Inline.jpg
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
December 7, 2023     Digital Assets, FinTech, News

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…

https://dailyalts.com/wp-content/uploads/2023/12/Samsung_UK_Samsung_Pay_Lifestyle_0552-revised-Pictogram-23.11.30-1024x744-1.png
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
December 7, 2023     FinTech, News

Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…

https://dailyalts.com/wp-content/uploads/2023/12/Revaia-founders.jpg
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
December 7, 2023     ESG and Sustainability, News, Venture Capital

Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…