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Budderfly Energy Efficiency as a Service Business Examined
January 3rd, 2024New EU Deal Targets Buildings Renovations, Rooftop Solar & Net Zero
December 20th, 2023
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 150 countries. They have a very significant market position across HVAC, building controls, fire, security and services, enhanced by a comprehensive equipment portfolio and substantial installed base. Fiscal Q4 results were impacted by a cyber incident in September 2023, which resulted in $30 million lost/deferred sales and expenses in the quarter and a subsequent delay in reporting year-end results. Johnson Controls FY 2023 Financials Full-year net sales increased 6% to $26,793 million, due to higher organic sales ($1,997 million) and the favourable net impact of acquisitions and divestitures ($113 million), partially offset by the unfavourable impact of foreign currency translation […]
#Podcast 26: Commercial Buildings Silent Majority!
In our Podcast series “Sh*t You Wish Your Building Did!”, Memoori explores the intersection between technology and commercial buildings through interesting conversations. For Episode 26, we were joined by Stefan Schmidt from Meterz to Discuss Building Retrofitting and why it’s THE Smarter, more Sustainable Choice over New Construction! Don’t forget you can now Subscribe to ALL […]
What’s Behind Schneider Electric’s Move to Divest AutoGrid to Uplight?
This Research Note looks at what’s behind Schneider Electric’s latest move to divest AutoGrid to Uplight, the Boulder, Colorado-based utility software company. We review the history and assess the current state of play behind the transaction. In December 2023, Uplight announced an agreement to acquire AutoGrid, a Virtual Power Plant (VPP) and Distributed Energy Resource Management System (DERMS) provider, based in Redwood City, California. On the surface, this divestment by Schneider Electric appeared to be a strategic pivot, after many years of investment in AutoGrid, particularly as this deal was announced only 19 months on from Schneider Electric purchasing the company. AutoGrid Acquired by Schneider Electric in 2022 A series of partnerships and investments by Schneider Electric over the last 10 years culminated in a May 2022 agreement to acquire AutoGrid: Schneider had been working with AutoGrid since a 2013 partnership to optimize its Wiser brand of smart thermostats and home energy management devices, using […]
Net Zero Buildings Explored: NASA Sustainability Base
Dubbed the “First Space Station on Earth” —the NASA Sustainability Base, has served as an experimental model for smart and net zero buildings for over a decade. In this research note, we explore how the building was designed, constructed, and operated to achieve a positive impact on the environment. NASA teamed up with William McDonough + Partners and AECOM to completely renovate the site in Moffett Field, California, to create a functional and futuristic facility that also recognises the importance of protecting Earth’s environment. The NASA Sustainability Base became one of the first federal buildings to earn LEED Platinum certification when it was completed in 2012. A key objective for NASA is to use the Sustainability Base as a living laboratory to develop methods and tools for understanding and controlling dynamic energy and water systems here on Earth. The organization then hopes to apply that knowledge to extraterrestrial facilities, such as the International Space Station […]
Amazon One Enterprise’s Palm-based Access Control Assessed
Faces, fingers, and eyes have so far dominated the biometric access control landscape but retail giant Amazon is betting on palms to redefine the future of physical security. Initially released in 2020, the palm-based access control solution Amazon One has been gradually building momentum in the retail and hospitality sectors. Now the recent release of Amazon One Enterprise promises to test the technology’s potential in the turbulent world of office real estate. Offices represent the greatest revenue potential in the access control space, making up a 22.6% share of the access control market, according to our latest market research. Recent trends in the office sector have revolved around the return to work after the pandemic and the widespread shift to hybrid and remote work models. The access control market saw its potential for safety and occupancy management applications and quickly adapted its solutions with contactless and cloud-based alternatives. “Prior to the pandemic, digital transformation and […]
ABB Capital Markets Day 2023: Key Takeaways for Smart Buildings
ABB hosted its Capital Markets Day 2023 at ABB Electrification’s circuit breaker production facility in Frosinone, Italy on 30th November 2023. This Research Note focuses on the Swiss conglomerate’s perspective on its Smart Buildings division within the Electrification business. Key takeaways are highlighted across its digital offerings, energy efficiency solutions and M&A strategy. The Smart Buildings division, one of 5 business units of the $13.6 billion Electrification segment of ABB, reported 2022 revenues in the range of $2,750 to $3,250 million. The division is primarily focused on electrical distribution products such as wiring accessories and miniature breakers and claims to be #1-2 in distribution enclosures and DIN-rail products. The secondary focus of the division is on home and building automation solutions. ABB views its Smart Buildings division as a high-growth segment with a focus on expanding its portfolio for commercial buildings through innovation with digital building management systems and bolt-on acquisitions. ABB Digital Solutions 8% […]
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