Internet of Things: Connected Devices Enabling Energy Management
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The document discusses the emerging trends in energy management driven by advancements in Internet of Things (IoT) technology, emphasizing the necessity for businesses to adopt smart, connected devices to enhance energy efficacy. It highlights the increasing demand for environmentally considerate solutions and outlines the benefits of data analytics, remote monitoring, and optimized energy consumption. Additionally, it provides examples of successful capital investment and operational savings achieved through integrated smart management platforms in various property types.
Internet of Things: Connected Devices Enabling Energy Management
- 1. Energy Management What's New What's Next Taking The Edge of Technology “Internet of Things (IoT) Connected Devices Enabling Energy Management”
- 2. Working together for success. 2 Prices Going Up GHG Emissions Gap is growing 80% increase in 10 Yrs. 67% above our GHG goals Source: Ontario Energy Board (Time of Use TOU) Source: Environment & Climate Change Canada Consumption Going up 77% increase by 2040 Source: National Energy Board
- 3. Working together for success. 3 Millennials Ages 21–34 Baby Boomers Ages 49–67 Gen X Ages 35–48 Matures 68+ Good for Market Types ALL PEOPLE On Same Page Residential High Density Res Commercial, Retail, Industrial Consumer and Industrial Products — includes companies within aerospace and defense; automotive; consumer products; manufacturing; retail and distribution; and travel, hospitality, leisure, and services Financial Services — includes businesses within banking and securities, insurance, investment management, and real estate Health Care — includes health care providers, health plans, and life sciences organizations Technology, Media and Telecommunications — includes technology, media and entertainment, and telecommunications companies All Markets Care
- 4. Working together for success. 4 80% 74% 78% 80% Businesses believe reducing electricity is essential to staying competitive 74% say their customers are demanding for more environmentally considerate solutions 78% say they actively promote their environmental efforts What the Industry is thinking
- 5. Working together for success. Lots of Data but no good advanced analytics tools 5Source : Deloitte 2016 Resources Study
- 6. Working together for success. 6 Difficulty Monitoring Performance n=200 • 35% believe inconsistent reporting tracking systems, • 34% lack of software or technology to gather necessary data, • 32% lack of internal resources, • 30% Lack of consolidate reporting, • 28% Lack of data in general
- 7. Working together for success. 7 What’s Next: The Case for Smart Technology
- 8. Working together for success. 8 Industry Trends - Not Just for Energy Smart, simple and low cost sensors that can connect to any type of equipment. Sensors can provide read only information or two way communication that can send accept data and commands. Sensors (IoT) that can connect virtually anything. TREND #1 TREND #5 TREND #2 TREND #3 TREND #4 TREND #6 Data naming conventions like Haystack that provide a name to each piece of data. This provides vendor agnostics names so a chiller is a chiller no matter who’s brand, or a HVAC system. This is crucial for reporting and command and control. Software as a Service (SaaS) Cloud platforms that collect all the sources of data, correlates, converges and performs analytics creating customizable dashboards for different user needs . Secure and available from any place and anytime. Fault Detection and Diagnosing (FDD) remote or local ability to triage and diagnose based on reporting systems with visibility. Applying experience use cases to create alerts of major or significant events. Command & Control (C&C) local or remote all system visibility from a single portal. Either initiate a pre-defined sequence automatically or invoke based on alert and conditions. Continuous Optimization ongoing 24/7 monitoring of data and system conditions creates the framework to either automatically or manually optimize the building based on changing conditions.
- 9. Working together for success. IoT Big Picture – WOW!
- 10. Working together for success. IoT Energy Building Blocks
- 11. Working together for success. Smart Building Integration Approach
- 12. Working together for success. What Systems Can be Connected with IoT
- 13. Working together for success. “Single Pane of Glass” Pulling it all together
- 14. Working together for success. Energy Consumption & Emission Reduction
- 15. Working together for success. Manage from Anywhere from Any Device 15 Mobile Device Application - Specific • Alerts and alarms can be either driven through SMS, Email, or “direct to application” • When married with FDD, can have reporting mechanism for Work In Progress • Site activity reporting and lifecycle information • Trending and performance reporting
- 16. Working together for success. Industry Benchmarking
- 17. Working together for success. Capital Investment with Separate Networks Total Cabling & Network Year 1 BAS People Counting Security $236,000 Cabling & Network Year 2 BAS Security Wi-Fi Metering Digital Directories $201,000 Total Capital Spend in Year 1 and 2 (excludes building system $437,000 BBN Infrastructure Costs a Building Owned Network Total Integrated Base Building Network Year 1 BAS People Counting Security $295,705 Integrated Base Building Network Year 2 BAS Security Wi-Fi Metering Digital Directories $38,783 Total Capital Spend in Year 1 and 2 (excludes building system $334,488 Non-Integrated BBN Capital Cost $437,000 Integrated Base Building Network Capital Cost $334,488 Capital Savings $102,512 Recurring Costs for the 6 Building Systems Total Service Dispatch* $12,000 Telecommunication (Internet & Phone) $18,800 Building Vendors Maint & Monitoring Costs $87.400 Building Vendor Total Costs (with Separate Networks) $118,200 Building Owned - BBN Infrastructure Maintenance & Monitoring Costs $79,000 Operational Savings in first 6 months $38,920 Monetize the Investment
- 18. Working together for success. Property Type & Size Problem Solution Strategy Solution Deployment Results in first 12 months Shopping Center 1M SQFT Poor performer under re- development Prioritize contract maintenance , repair & maintenance Deploy Smart Managed Platform in support of strategy $54K energy savings Electricity & Gas). Plus identified $80K in retro- commissioning & tuning University Campus Old & new systems Provide a unified portal for management & control Deploy and configured Smart Managed Platform $142K in energy savings and $234K in labor savings through smart sequencing Commercial Building Older asset low efficiency and declining tenant satisfaction Provide deep visibility to an old building systems and optimize Deployed Smart Managed platform $82K in energy savings 18 How does it add up
- 19. Working together for success. EnhancingSite/PortfolioValue Site GLA Annual Energy Spend Ongoing Savings (10%) OPEX Managed services cost NOI Change (assume 30% recovery) Valuation Change (8.5% CAP) Example #1 Commercial Property 651,800 $3,240,386 $324,038 $29,400 $226,826 $2.67M Example #2 Shopping Centre 947,000 $718,038 $71,803 $29,400 $50,262 $591k Example #3 Shopping Centre 1,500,000 $2,191,509 $219,150 $126,000 $153,405 $1.8M Total $5.061M Direct Impact to Value
- 20. Working together for success. 20 Smart Strategy Monetization Outcomes PROFILE & BENCHMARK ASSET AGAINST THEMSELVES SOURCE OF OPTIMISATION STANDARDISED SERVICE INCREASE TENANT COMFORT RESPONSIVENESS COMMISSIONING & WARRANTY PERIOD & M&V - MEASUREMENT AND VERIFICATION ONGOING OPTIMISE MAINTENANCE AND LIFE CYCLE SMARTER IS BETTER
- 21. Working together for success. 21 The End