Artificial Intelligence Steps In to Lower Carbon Footprint of Buildings
Leadership in Energy and Environmental Design, or LEED, certifications are given to buildings that meet standards that conserve energy, water, waste and other environmental goals. Governments are also introducing increasingly stringent energy codes for commercial spaces. Still, more than 80% of buildings don’t have smart systems to efficiently manage their energy use.
JLL, which manages billions of square feet of commercial real estate around the world, has been making a string of investments to bring AI systems to companies looking to cut their emissions. The business case: Eco-friendly buildings charge higher rents and are on the market for less time. JLL says it expects 56% of organizations to pay a premium for sustainable spaces by 2025.
“We want to make every building out there as smart as it can be," said Ramya Ravichandar, JLL Technologies’s vice president, technology platforms—smart and sustainable buildings. “If you can’t measure what matters, you can’t make the change." JLL’s investments include in Turntide, a company based in Sunnyvale, Calif. that installs electric motors coupled with small computers which learn from patterns to more precisely control heating and cooling, and Envio Systems, a Berlin-based company that develops sensors to track a building’s use, occupancy and other factors to adjust lighting, cooling and similar energy-related activities.
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