As summer’s heat swelters many parts of the U.S., maintaining cool temperatures in commercial buildings is a growing concern. Landlords face a challenge: high demand for cooling and rising energy costs.
Many large buildings have outdated cooling systems that operate centrally, leading to discomfort. Workers might be chilly in the summer while overheated in the winter. This inconsistency arises because these systems can’t detect temperature changes in different areas of the building.
Enter Runwise, a tech company from New York that is changing the game. They’ve developed a new platform aimed at eliminating temperature issues in large buildings. Their solution focuses on energy efficiency, which is crucial for both comfort and cost savings.
Jeff Carleton, co-founder and CEO of Runwise, emphasizes the importance of this technology. “When your boiler runs unnecessarily, you’re wasting money and increasing carbon emissions,” he says. This problem isn’t just a financial burden; it affects the comfort of everyone in the building.
Runwise’s approach combines weather predictions with a network of wireless temperature sensors. Instead of relying on a single temperature reading, they spread sensors throughout a building. For instance, a 100,000-square-foot space may have 20 to 25 sensors, which help the system determine when to run the boiler or air conditioning efficiently.
The results are impressive. Runwise has installed its technology in over 10,000 buildings across 10 states, serving around 1,000 clients, including major real estate firms like Related and Equity Residential. They’ve reportedly saved more than $100 million in energy costs so far.
Recently, Runwise secured $55 million in Series B funding, boosting its total funding to $79 million. This new capital will help expand its reach and enhance its technology, incorporating artificial intelligence to optimize its operations. “We aim to use AI to continuously refine our algorithms based on the data we gather,” Carleton explains.
The move toward smarter building management is gaining traction. Research indicates that smart building technologies can reduce energy consumption by up to 30%.
In today’s sustainability-focused environment, innovations like those from Runwise demonstrate a vital shift. As more buildings adopt these technologies, we can expect not only enhanced comfort but also significant savings in energy costs and a reduction in carbon footprints. The future of commercial real estate is looking smarter, cooler, and more efficient.
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