Articles
How IoT Devices Are Being Hijacked to Drive Crime & Conflict
January 17th, 2024What’s Behind the HqO Decision to Acquire Symbiosy Smart Office Platform?
January 16th, 202410 Notable Energy Management Acquisitions in the Smart Buildings Space 2023
This Research Note reviews energy management acquisitions in the commercial smart buildings space over the last 12 months. M&A in building energy efficiency, analytics, measurement and verification, energy optimization, sustainability and ESG solutions have been the predominant focus in the broad energy management sector. 10 Notable 2023 Energy Management Acquisitions Planon / Ubigreen In January […]
Investment in the Smart Buildings Space Declined 26% in 2023
This Research Note highlights our analysis of investment levels raised by smart buildings startups and established players in 2023 from venture capital firms, private equity and strategic investors. We review investment in the smart buildings space in the context of the broader proptech sector, assess funding for startup companies, the role of corporate investors and […]
UK Policing & Immigration Trials Set Stage for Facial Recognition Market
The full capabilities of facial recognition technology are well-known, primarily through its use by the Chinese government, but its use in The West has so far been limited by regulation and public opinion. This winter, however, an operation by the UK’s London Metropolitan Police Force (MET) has implemented facial recognition to make a number of […]
10 Notable Strategic Investments in the Smart Buildings Space in 2023
This Research Note reviews strategic investments in the smart buildings space over the last 12 months. A diverse range of corporate stakeholders – commercial real estate service firms, building owners and operators, vendors of building automation systems and HVAC equipment firms – have continued to fund startups with innovative technology platforms and business models. Investments […]
Carrier Portfolio Transformation: Update on Business Exits and Viessmann Acquisition
This Research Note reviews Carrier’s announcement to divest its commercial refrigeration business to Chinese manufacturer, Haier. This transaction is part of a series of divestments, brought about by the acquisition of Viessmann Climate Solutions. The state of play of Carrier’s portfolio transformation activities is assessed including the exit of the fire and security businesses. Carrier […]
Budderfly Energy Efficiency as a Service Business Examined
In this Research Note, we examine Budderfly, the US Energy Efficiency-as-a-Service (EEaaS) company focused on Small and Medium-sized Enterprises (SMEs) and franchise businesses. This analysis covers their business model, funding, majority ownership, growth and outlook for 2024. Founded in 2007 and headquartered in Shelton, Connecticut, Budderfly implements proprietary energy intelligence software, energy-efficient technology upgrades that […]
New EU Deal Targets Buildings Renovations, Rooftop Solar & Net Zero
The European Parliament and European Council reached a provisional agreement this month to further reduce the emissions and energy use of buildings across the EU. A staggering 75% of Europe’s aging building stock is considered energy inefficient and this latest piece of legislation will strengthen the Energy Performance of Buildings Directive (EPBD) across the Union. […]
Johnson Controls Buildings Business & 2023 Financials Examined
In this Research Note, we examine the Johnson Controls business, based on their 12th December Q4 earnings release, conference call, investor presentation and 10K, reporting financials year ending 30th September 2023. Johnson Controls International plc (JCI), headquartered in Cork, Ireland, is a pure-play smart buildings player, serving a wide range of customers in more than […]