Hospital cuts operational costs by $4,500 a month with IoT intelligent energy management platform
SYDNEY--(BUSINESS WIRE)--BuildingIQ (ASX: BIQ), a tech-enabled services business, today announces that its 5i intelligent energy management platform has been able to significantly reduce the St John of God Murdoch Hospital’s overall projected energy consumption via data visualisation, fault detection and closed-loop control of specific HVAC zones. Despite only managing half of the 413,872-sq. ft. (34,450-sq. m.) hospital, BuildingIQ’s IoT-based solution reduced the facility’s HVAC energy projected consumption by 10 percent and its overall projected energy consumption by 5 percent. Since BuildingIQ’s technology is offered on a subscription basis, St John of God Murdoch Hospital has essentially been able to sign up for energy savings, with a nearly 50,000 kWh reduction occurring in July 2017. These reductions have translated to approximately $4,500 in net savings per month.