Smart Buildings

The Financial and Environmental Cost of Older Buildings

Every business and homeowner knows that older buildings are generally more costly to run and that the key reason is energy efficiency. The inefficiencies of older commercial and residential buildings not only drive costs up for owners and tenants, the environment also pays a high price for their continued existence. Buildings are the single biggest energy consuming element of our human world. US Green Building Council (USGBC) estimates that buildings account for an average of 41% of the world’s energy use, in a distant second and third you’ll find the industrial sector accounts with 30% and transportation with 29%. Building were even the focus of day 4 of the COP21 Climate Change Conference in 2015. Better understanding the inefficiencies of an older building and retrofitting it with modern technology is one solution. Moving to a newer building is another option. While the best way to rid yourself of energy efficiency woes would be to move […]

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Mapping the strategy of Allegion in the Smart Building and PropTech Space

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