Energy Efficiency
“Our Industry is Not Moving Fast Enough” – UK Green Building Council
February 20th, 2024Funding for AI HVAC Optimization Startups Continues into 2024
February 16th, 2024Trane Technologies Commercial HVAC Business 2023 Examined
In this Research Note, we examine the 2023 business and financials of Trane Technologies, based on their full-year results announced on 1st February 2024, their 2023 10K Report and other announcements. Acquisitions, strategic investments and partnerships in the last 12 months are also highlighted. Since becoming a public company in 2020, Trane Technologies has positioned […]
#Podcast 27: The Building Performance Standards Landscape!
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 27, we were joined by Cliff Majersik from the Institute for Market Transformation, where he helps to shape policy around energy efficiency in buildings. Will standards really drive wide-scale building decarbonization? And […]
Signify Lighting Business and Financials 2023 Examined
In this Research Note, we examine the lighting business of Signify, based on their 2023 annual results announced on 26th January 2024, investor presentations and connected lighting technology-related activities throughout the last 12 months. This is an update on our previous coverage of Signify last year. Signify (Euronext: LIGHT), headquartered in Eindhoven, the Netherlands, is […]
Johnson Controls Considers Move to Divest Non-Commercial HVAC Businesses
Rumors circulated this week after a Bloomberg article and comments by Johnson Controls CEO, George Oliver, suggested we may see a potential sale of their residential and light commercial HVAC equipment business. Johnson Controls has described the situation as “early stages” but in this research note, we look at recent activities and trends to consider […]
Occupant Behavior as an Intelligent Building System Capable of Learning
Intelligent building technology seeks to find the balance between reducing energy consumption and providing the ideal environment for occupants. However, numerous studies from around the world have found that by simply equipping occupants with greater knowledge on their energy use, significant energy savings can be made from behavioral change alone. This kind of ‘occupant development’ […]
Semiconductor Partnerships Signal Growing Maturity of Smart Building Market
“It was not so very long ago that people thought semiconductors were part-time orchestra leaders and that microchips were very small snack foods,” said US politician Geraldine Ferraro in the 1980s about a technology that has gone on to revolutionize the world. Semiconductors are so essential for the creation of computers, phones, vehicles, and almost […]
10 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 […]