IoT Meets the Property Sector to Combat Energy Costs and Climate Change
By enabling IoT connectivity, the property value of a building can be increased, according to a new study by Ericsson, Kiona, and Arthur D. Little. The more measurable savings come from a 10% decrease potential in annual energy cost, which stems from adjusting heating system parameters according to the individual local conditions for each building, its energy performance, and the projected heating demand for it.
The report explores the business value and climate impact resulting from IoT-enabled digital control of buildings to monitor, control, and optimize energy usage – enabling property owners to decrease energy costs and CO2 emissions while increasing their property value. Highlighted in this report are the values of connected buildings to key beneficiaries, from property owners and facility managers to the broader environment. The report comes with a specific energy management value calculator designed to estimate savings and efficiencies based on energy prices and other factors.
With 36 percent of CO2 emissions in the EU stemming from the property sector, the impact of decreased energy usage is paramount in helping mitigate the current energy crisis facing Europe, as well as the effects of climate change impacting the globe. A rapid transformation of traditional buildings into IoT-connected smart buildings is required, due to global urbanization, rising energy prices, and an increased need for digital manageability. By enabling cellular connectivity, property managers – through Kiona – can optimize energy use and address potential issues before they become a big expense. Kiona’s vision is to prevent unnecessary energy usage and CO2 emissions across the 55,000+ commercial, industrial, residential and public facilities in the company’s current property management portfolio.
Delivered as a service through a global partner network of telecom service providers, Ericsson IoT Accelerator provides complete visibility and control for the cellular connectivity of all IoT devices throughout their entire life cycles, no matter where they are located. These capabilities are vital in providing energy management and optimization for smart connected buildings. By providing easy-to-use technology in conjunction with Ericsson’s IoT connectivity solutions, Kiona allows property managers to gather building data through integrated sensors that can be used for informed decisions and control the building without having to be on-site.