The Energy Challenge in Commercial Real Estate

A low-carbon future is not only a societal imperative but also an economic one. Energy transition investments have so far been mainly focused on renewable energy, energy storage, and electrified transport. Real estate, which is a fragmented world, has been a bit on the periphery of the energy turnaround. However, given the long lifecycle of buildings and their significant contribution to global warming, the commercial real estate sector has a critical role to play in the energy transition. Against this background, CREs are looking to integrate cost-effective digital solutions that will reduce their organization’s carbon footprint while ensuring a high ROI. With real-time energy data from IoT devices, such as submeters, sensors, and other smart assets, coupled with advanced analytics, CREs can now significantly improve energy efficiency across their building portfolios.

The Energy Challenge in Commercial Real Estate

Contents

Glossary	3
UNDERSTANDING THE QUICKLY CHANGING CONTEXT OF CRE	4
DISRUPTION IN COMMERCIAL REAL ESTATE	5
Digital transformation	5
Volatility	5
Energy supply and price surges	6
Climate change	6
THE ENERGY TRANSITION: AN ECONOMIC IMPERATIVE	8
European Green Deal	8
WHAT DOES THE ENERGY TRANSITION MEAN FOR COMMERCIAL REAL ESTATE?	9
THE IMPACT OF THE BUILT ENVIRONMENT ON GLOBAL WARMING	10
Space Efficiency and Energy Efficiency Go Hand in Hand	11
Space Monitoring	11
IMPACT OF GLOBAL WARMING ON REAL ESTATE	12
DECARBONIZING REAL ESTATE	13
Tracking and Monitoring Performance	14
ENERGY ANALYTICS	17
Detecting Potential Savings in Building Portfolios with Minimum Investment	17
Advanced Energy Analysis Tools: 10 Key Capabilities	18
Analysis of multiple energy sources	18
Easy Reporting	18
Cost Allocation, Benchmarking & Audit	18
Carbon Footprint Calculation	19
Real-Time Monitoring	19
Energy savings verification with IPMPV	20
AI-Based Anomaly Detection	20
Interoperability	21
Scalability	22
Information Security	22