Technology Features & Specifications
The technology has the following features:
- A token-based optimal scheduling algorithm that is computationally scalable (≥ 500 zones in real time) with high energy saving potential (≥ 20% saving)
- Effective parameter estimation, e.g., CO2-based occupancy detection, zone thermal dynamic identification and fan/chiller power function estimation
- Smart IoT deployment and integration (with 100% modularity), allowing a plug-and-play system setup (with detachable sensing, communication and computation modules, ≤$350/zone), simple integration with existing BMS without any need of changing existing functions, and cloud data analytics & visualization (that increases 50-60% data visibility).
The technology can be applicable to old buildings that need to improve their energy efficiency and building automation so that they can be converted into smart buildings with low retrofitting costs. The larger the building, the higher the energy saving potential. The technology can also be applied to new buidlings to increase the energy saving potential by using advanced system identification and real-time coordinated optimization and control techniques via augmented plug-and-play IoT implementation infrastructure.
Market Trends and Opportunities
This technology will be useful for building retrofit. The worldwide building retrofit market is expected to grow quickly. According to a survey done by the Rockfeller Foundation in 2012, the building retrofit market in 2012 was about $279 billion, with only 10% old buildings were actually retrofitted. In New York City alone, the commercial building retrofit cost is expected to jump from $235 million in 2020 to $2.2 billion in 2024, and to $18.2 billion in 2030. In China, there were 400-600 billion m2 existing buildings in China in 2015, only less than 10% were rated as energy efficient buildings. The current retrofit cost for residential buildings is also hight, at a rate of about 597.9 CNY/m2 to 1365.1 CNY/m2. In Europe, a recent survey shows that the building retrofit market in Europe was $80.3 billion in 2011 and $151.8 billion in 2020, which represents a 7.4% annual compound increase rate. In Singapore, we have about 500K buildings, including residential and commercial buildings. With the recent plan for 80% of buildings to go green by 2030, the building retrofit market is expected to grow fast. In addition, this technology can also improve energy saving for new buildings, serving as a complement to other more costly building energy saving technologies.
- Software/hardware retrofit to achieve ≥ 20% energy saving of existing HVAC systems with low retrofit costs (≤$350/zone) and a much shortened capital recovery period
- Increased HVAC control automation capability to turn an old building into a smart one
- Enhanced data analytics and visualization, allowing remote monitoring and control