by Brianna Crandall — July 13, 2020 — Hatch Data, a San Francisco-based energy/utilities and performance management software platform, and Building Engines, a Boston-based provider of modern building operations software for commercial real estate (CRE), have announced a partnership to bring the Hatch Data suite of energy and building operations performance management tools to Building Engines customers. This move is intended to fill a critical need at a time when controlling operational costs and ensuring the health and safety of building occupants is paramount. The partnership enables CRE owners and operators to monitor building energy performance in real time to ensure that critical heating, ventilation and air-conditioning (HVAC) systems are operating as expected during the reoccupancy process.
Building Engines’ customers have adopted a proven workflow to manage critical operational needs across more than 2.5 billion square feet and 26,000 properties worldwide. Hatch Data’s customers operate approximately 450 million square feet of space and 2,000 sites in North America and rely on the real-time visibility provided by the software — backed by a comprehensive operational data set — to adapt and validate that operational changes are having the intended effect. The combined partnership is likely to make a material impact on cost savings for much of the CRE market, say the companies.
Scott Sidman, executive vice president (EVP) of Business and Corporate Development for Building Engines, stated:
The Building Engines and Hatch Data software platforms complement each other by allowing property teams to access real-time data that helps them proactively manage and reduce costs. While our platform excels at enabling operators to increase their revenue, deliver the best occupant experience and reduce their operating costs, the Hatch Data platform provides real-time visibility into operational performance and key metrics across energy, comfort, and more so that building operators can proactively and holistically manage their buildings. It’s not enough anymore to wait for a utility bill to arrive to see increased expenses or for a tenant to make a complaint about HVAC operation in light of increased health and safety requirements. Operators need to have the real-time insight that Hatch Data provides.
Ben Mendelson, chief commercial officer of Hatch Data, remarked:
Building Engines has built an industry-leading platform that empowers operators to organize and manage the daily tasks involved in operating a building. Through this partnership, we bring the added level of visibility and intelligence to identify how a building is operating in real time and insert that directly into the workflow operators love. We are excited to bring our energy management, proactive maintenance, and performance management capabilities to Building Engines customers.
Mendelson notes that with Hatch Data software, building operators can get actionable diagnostic and predictive measure recommendations for maintenance, operational and capital improvements — reportedly in a fraction of the time and effort from traditional approaches.
Building Engines and Hatch Data say their software products are complementary, reflecting similar approaches and workflows. Data remains open, extensible, and shareable with each other and additional technology tools so it’s easy to get started and to extend your impact. Data can be exported for reporting purposes, including to enterprise resource planning (ERP), accounting, and asset/investment management systems. This interoperability ensures that property managers will be able to optimize their use of both products together.
See also Hatch Data’s Research Report from April 6: “How Is U.S. Office Building Energy Use Being Affected by the Coronavirus Crisis?” to see how your buildings compare to peers in your region.