Energy Efficiency
Building Efficiency & Electrification At The Heart of US Net Zero Emissions Target
August 29th, 2023Mapping the Strategic Direction of Grosvenor Property Group in Smart Buildings
August 28th, 2023
US Smart Lighting Solution Provider Igor Tech Closes Down
This Research Note examines the closure of Igor Inc, the smart lighting solution provider. Founded in 2013, West Des Moines, Iowa-based Igor Inc., was the provider of Nexos, a Power-over-Ethernet (PoE) based IoT smart building platform that incorporated hardware, software and cloud analytics to enable smart buildings. The platform was positioned to enable non-electricians to […]

Net Zero Buildings Explored: Freiburg City Hall
Completed in 2017, the Freiburg City Hall was one of the world’s first public net zero buildings. It generates more energy than it consumes. Designed by the Düsseldorf-based architectural practice Ingenhoven architects and constructed over a period of 33 months, the 24,215 m² new city hall accommodates 840 employees over six floors. It is characterized […]

Dalkia UK Technical & Energy Services Business Strengthens Net Zero Offering
This Research Note examines what’s behind the Dalkia UK rebranding of several businesses owned by Electricite de France (EDF). Dalkia, a leading technical and energy services company in the UK, is aligning the Imtech Engineering Services, Inviron, Breathe Energy and SPIE UK activities as Dalkia UK. With approximately 4,000 employees, the group reports over £600 […]

The Energy Performance Potential of the Building Envelope
Often the most obvious things are the hardest to see, and that could be said of the building envelope in our quest for climate-friendly real estate. Architectural trends over the past few decades have favored glass, prioritizing the facade’s aesthetic appeal and leaving the envelope’s functional aspects to take a backseat. Double or triple-pane glass […]

Azbil Building Automation Business and Financials Examined
In this Research Note, we examine Azbil, a Japanese public company with a leading position in the domestic building automation market. Our analysis is based on their FY2022 annual results, year ending 31st March 2023 and investor presentations. The Building Automation (BA) business, the largest of three business units, accounts for 46% of consolidated net […]

Net Zero Buildings Explored: The Bullitt Center
The Bullitt Center in Seattle, WA, is one of the net zero buildings known as a pioneer of “deep green” architectural design. Completed in March 2013, the $32.5 million dollar project was considered an “audacious and provocative experiment and living proof of the economic and technical viability of sustainable buildings” in a 2014 paper by […]

£93 Billion of UK Commercial Real Estate at Risk of Becoming Stranded Assets
In the UK, an April update to the minimum energy efficiency standards (MEES) regulations for non-domestic buildings means large swathes of commercial real estate will have to improve their energy performance or face closure. As climate change dominates the headlines once again, building regulators will double down on environmental commitments, and commercial real estate owners […]

HVAC/R Control Products Manufacturer Carel Acquires Smart Building SaaS Provider Kiona
In this Research Note, we examine what’s behind Carel’s acquisition of a majority stake in Kiona, a Norwegian Saas player in building management, energy management and refrigeration management. Our article is based on Carel investor presentations and reports from the seller, Swedish private equity firm Summa Equity. Carel Industries SpA is an Italian public company […]