Utility Data Analytics for Real Estate Portfolios
Office Buildings in the US spend >$40bn on energy and represent 1/5 of energy consumption/emissions in the US. Energy is the number one most controllable expense for real estate but understanding utilities is increasingly difficult - this is where EnergyWatch comes in. By combining various streams of utility, weather, commodity market, metering, and building data in our integrated energy management platform, EnergyWatch provides data-driven services that save time and money, reduce risks, and identify emissions and cost saving opportunities. EnergyWatch is one of the premier energy management companies in the industry, providing services to more than 25% of the NYC commercial office market, as well as every major metro market in the US plus 10 countries globally (and growing).
EnergyWatch helps our clients minimize energy cost, consumption, and emissions and maximize energy income through utility invoice analytics, energy procurement, utility budgeting and reporting, and real-time consumption analytics. Through our proprietary integrated energy management program, EnergyWatch identifies and analyzes the interactive effects of operational and capital improvements on utility supply and delivery costs; measures, verifies, and reports on key performance indicators; and summarizes the results for key decision makers. We distill complex utility data and rate structures into actionable and meaningful results for our clients.
Several new products are in development, all leveraging client utility data. Roughly 75% of our clients purchase more than one service/product, so we "get a foot in the door" with one service and upsell the rest.