by Rebecca Walker — April 25, 2011—BuildingIQ, a leading energy management software company, announced the limited beta release of FAULTIQ, the latest addition to its suite of building energy optimization applications. Integrating seamlessly with BuildingIQ’s innovative PEAC Energy Optimization technology, the new product continuously and automatically reduces energy expenses, power demand and greenhouse gas emissions without requiring capital expense or adversely affecting occupant comfort, according to the company.
FAULTIQ monitors, detects and diagnoses inefficiencies with energy consuming equipment, sensors, and existing control strategies to provide validated exception reporting to building engineers and managers. The application compliments BUILDINGIQ, the company’s flagship real-time energy optimization application, by automatically detecting anomalies and alerting building managers and engineers via email, web, and smart phones with diagnostics.
Unique automation and detection methods allow for alerts to be raised only when relevant and with no operator intervention in order to avoid inundating building managers and engineers who are typically overwhelmed with thousands of un-validated, undiagnosed alerts and alarms from their existing building management system. For further actionability, FAULTIQ generates work orders for building maintenance staff and vendors.
BuildingIQ says it is the first and only company offering both fault detection and energy optimization for commercial buildings. Because FAULTIQ and BUILDINGIQ share the same database, algorithms and connectivity to building automation systems, pairing them creates greater synergy and results in greater energy savings.
Founded in 2009, BuildingIQ is a leading energy management software company with a mission to redefine the way energy is managed in commercial and institutional buildings. For more information, see the Web site.
