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IoT Solutions reduces energy consumption in buildings

IOT Solutions helps to reduce energy consumption by allowing building managers to operate a large number of buildings from a single smartphone, tablet or PC.Published 23 Mar 2023 (updated 7 Feb 2024) · 2 min read
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Quick information

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At a glance

  • Centralised, remote energy management of buildings and their technical installations
  • Analytics capability to improve day-to-day efficiency
  • Instantaneous notification of alarms and equipment failures

The Paris Agreement sets strict efficiency requirements for energy systems across all industries, including construction. But with many unconnected systems running, buildings rarely have a complete overview of energy consumption. When these buildings are not connected to a centralised system, their energy consumption is often unnecessarily high.

Building automation

IOT Solutions has created a building automation system, which lets building managers operate a building remotely from anywhere.

The system allows the building managers to change building setpoints – that is, the points in which an energy system such as a heater switches on or off – on request or from a centralised calendar. This can be done for any building, responding autonomously to, for instance, time of day or changes in weather.

The system can connect many buildings to the same calendar, meaning a whole set of buildings can be managed from a single control unit. Alternatively, the system can be configured to treat individual buildings differently depending on factors such as size, function or geography.

Concrete benefits

The building automation system allows managers to optimise energy consumption, switching off technical installations such as heating or air-conditioning when not in use. Additionally, centralised alarm handling enables managers to respond quickly to failures or emergencies.

Managing a building’s technical facilities in this way can trim energy consumption by 30 to 40 per cent, with an associated reduction in greenhouse gas emissions, as well as 40 to 60 per cent reductions in operating costs.

Even for small and medium-sized buildings, the investment cost is reduced to a minimum and managers only pay a low monthly rental.

Market potential

Around 90 per cent of small and medium-sized buildings – offices, supermarkets, stores, and public buildings like schools and kindergartens – are not connected to a central energy system.

As of 2016, the global energy management system market was valued at USD 6.3 billion, with an anticipated Compound Annual Growth Rate (CAGR) of 14.8 per cent between 2017 and 2025, according to the market report by Future Market Insights

Founded in 2016, IOT Solutions serves major clients, including Olav Thon, BRG Eiendom, Oksøy Eiendom, Gumpen Eiendom and Kverneland Fabrikker.



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