IoT meets the property sector to combat rising energy costs
IoT meets the property sector to combat rising energy costs and climate change while increasing property value: Ericsson report
- Ericsson and Kiona are working to increase building management digitalization, with a goal to reduce unnecessary energy usage and CO2 emissions in the property sector where 75% of buildings in Europe today are not energy efficient.
- This report, in partnership with building energy management provider Kiona, explores the value of cellular IoT for energy management and optimization for smart buildings.
Today, Ericsson (NASDAQ: ERIC) released a Connected Buildings Energy Management report in partnership with leading Nordic property technology company Kiona and Arthur D. Little.
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. By enabling IoT connectivity, the property value of a building can be increased, and 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 comes with a specific energy management value calculator designed to estimate savings and efficiencies based on energy prices and other factors. With 36% 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.
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