Massachusetts-based Renew Energy Partners is working with Californian firm Buildings IoT to decarbonise buildings and deploy analytics and controls in the built environment.

Buildings IoT’s OnPoint intelligent building management platform should enhance and expedite Renew’s mission to decarbonise the built environment. Through this partnership, OnPoint will be delivered as a service to property owners and all Renew customers.

Renew supports commercial and industrial users in their building upgrades and retrofits by funding, installing and managing energy-efficient systems and on-site clean energy projects.

Buildings IoT, a full-service smart building and building automation provider, has developed the property technology for commercial buildings. The independent platform can work with any source of data and can deliver energy analytics, fault detection, two-way command and control, and building automation.

“Building owners and operators recognise the need to digitise their assets for assessment, monitoring, control and automation,” said Brian Turner, CEO of Buildings IoT. “The dilemma they face is how to pay for valuable software and system upgrades in a real estate finance paradigm that hasn’t budgeted for these capital costs. The Buildings IoT–Renew partnership solves that challenge and unlocks so much potential for any building owner. We’re beyond excited to have found a partner that shares our mission to reduce the impact of the built environment.”

This partnership aligns Renew and Buildings IoT as both firms are technology and vendor agnostic. The partnership is poised to deliver technology to a portfolio owner and work with any existing property tech systems. Renew funds, owns and operates any commercial decarbonisation technology for its customers, just as Buildings IoT’s platform can work with any source of property tech data. The combined offering delivers actionable data at no upfront costs and immediate savings to users.

“Renew believes this partnership will be transformational for the decarbonisation industry, and we are excited to see the future of this relationship, the value we can create for our customers and, most importantly, the carbon we will reduce from the built environment,” said Charlie Lord, principal of Renew.

The long-term vision behind this partnership is to speed decarbonisation efforts by delivering faster access to data. This will lead to opportunities for Renew to deliver energy service agreements (ESAs) that will improve the built environment and reduce its customers’ carbon footprint.

Renew provides turnkey packages for funding, installing and managing energy efficiency and on-site clean energy projects by using future savings to fund upgrades and retrofits. The company helps building owners meet regulatory and consumer demands to reduce their carbon footprint while saving money and making their buildings cleaner and more resilient.

Buildings IoT produces software and services to increase the longevity of building assets, improve the comfort of building occupants and help building owners achieve efficiency across North America, Europe and Apac. It develops and deploys cloud-based building analytics software, implements complex integrated building management systems, designs and installs controls systems, maintains building assets, and provides IT managed services.