As pressure from investors for ESG reporting mounts, owners of multifamily properties increasingly look to collect whole-building utility usage data.
For properties using electric and gas meters for individual units, comparing energy performance among their properties is difficult if not impossible. So, owners are turning to web-based platforms for reporting and comparing energy utilization among their properties.
Some owners have committed to ambitious sustainability goals such as the Global Real Estate Sustainability Benchmark, and need accurate data to know where to make investments for energy-efficiency projects. To date, the multifamily sector has been slower than other industries to adopt new technologies for energy usage assessments.
Several startups, including Verdigris, Vutility, Redaptive, Utility API and Smappee, have developed tools to address this need.
Related Stories
| Jan 19, 2020
Pioneer introduces new Lux-Flow showerhead
Pioneer Industries has launched the Pioneer Lux-Flow showerhead.
| Dec 18, 2019
Making contacts that lead to "true partnerships" is key to Student Housing ProCONNECT event for Pfister's Tracey Qualteri
Tracey Qualteri, Pfister Faucets, at Student Housing ProConnect in Denver, November 11 2019
Multifamily Housing | Dec 11, 2019
8 noteworthy multifamily projects to open in late 2019
From a prefab high-rise in Denver to a seaside village in Oxnard, Calif., these projects highlight the innovative multifamily developments to open their doors in late 2019.
Multifamily Housing | Dec 9, 2019
Student Housing ProCONNECT event draws developers, contractors, architects, and building product manufacturers to Denver
2½-day event connects attendees with vendors—and each other.