BuildingIQ Uses Data Analytics Capabilities in MATLAB to Develop Proactive, Predictive Algorithms for HVAC Energy Optimization
Uses MATLAB to speed up development and deployment of predictive energy optimization algorithms
Natick, Mass. - (23 Mar 2015)
MathWorks today announced that BuildingIQ is using data analytics capabilities in MATLAB to speed up the development and deployment of proactive, predictive algorithms for HVAC energy optimization. BuildingIQ engineers have developed Predictive Energy Optimization™ (PEO), a cloud-based software platform that reduces HVAC energy consumption in large-scale buildings by 10%-25% during normal operation.
BuildingIQ needed to develop PEO as a real-time system that would help minimize HVAC energy costs in large-scale commercial buildings via proactive, predictive optimization. The team used MATLAB algorithms integrated in a production cloud environment to optimize occupant comfort while minimizing energy costs. BuildingIQ engineers used Signal Processing Toolbox to filter data, Statistics and Machine Learning Toolbox for algorithms to model contributions of gas, electric, and solar power to heating and cooling processes, and Optimization Toolbox to continuously optimize energy efficiency in real time. To integrate the resulting algorithms into the production systems the team used MATLAB Compiler for deployment, saving time and resources from translating MATLAB algorithms into Java or C.
“We use MATLAB because it is the best tool available for prototyping algorithms and performing advanced mathematical calculations,” said Borislav Savkovic, lead data scientist at BuildingIQ. “MATLAB enabled us to transition our prototype algorithms directly into production-level algorithms that deal reliably with real-world noise and uncertainty.”
“While companies look for more intelligence from their data, they often lack the resources and expertise in analyzing and visualizing gigabytes of data, quickly developing algorithms, and finding the best suited algorithmic approach,” said Paul Pilotte, technical marketing manager, MathWorks. “BuildingIQ is setting a benchmark with its ability to analyze and visualize big data sets, deploy these advanced optimization algorithms, and run them in a production cloud environment.”
BuildingIQ is a leading provider of advanced energy management software that actively predicts and manages HVAC loads in commercial buildings. As the only supplier of patent-pending Predictive Energy Optimization™ technology, BuildingIQ’s cloud-based solution is powering energy and operational savings in buildings across the globe with reductions in HVAC energy costs by as much as 25 percent. BuildingIQ delivers measureable results and has received backing from tier one industry leaders including Aster Capital (backed by Schneider Electric, Alstom and Solvay), the Venture Capital unit of Siemens Financial Services (SFS VC), Paladin Capital and the Energy Division of the Commonwealth Scientific and Industrial Research Organisation (CSIRO). Recognized as a leader in its industry, BuildingIQ most recently was named winner of a 2014 National Energy Efficiency Industry Award for Best Commercial Energy Efficiency Project, 2013 Bloomberg New Energy Pioneers Award, Fierce Innovation Awards’ “Best in Show”, a 2013 Cool Vendor in Green IT and Sustainability by Gartner and listed on the 2014 Global Cleantech 100 and AlwaysOn Going Green Global 200.
MathWorks is the leading developer of mathematical computing software. MATLAB, the language of technical computing, is a programming environment for algorithm development, data analysis, visualization, and numeric computation. Simulink is a graphical environment for simulation and Model-Based Design for multidomain dynamic and embedded systems. Engineers and scientists worldwide rely on these product families to accelerate the pace of discovery, innovation, and development in automotive, aerospace, electronics, financial services, biotech-pharmaceutical, and other industries. MATLAB and Simulink are also fundamental teaching and research tools in the world's universities and learning institutions. Founded in 1984, MathWorks employs more than 3000 people in 15 countries, with headquarters in Natick, Massachusetts, USA. For additional information, visit mathworks.com.
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