GE, Intel bet big on building energy management

Scientific Conservation Inc. (SCI), a building energy management firm based in San Francisco, has received more than $19 million in funding from GE and Triangle Peak Partners LP.

GE’s investment follows its decision to choose SCI as one of its GE ecomagination Challenge winners for energy innovation. GE Capital Real Estate is also set to deploy SCI’s energy analytics platform in several buildings in the US, Canada, and the UK.

SCI has also entered into a new global strategic alliance with Intel. Together, the companies aim to improve energy use in large campuses, optimise data centre cooling, and collaborate on technologies to improve the energy efficiency of IT-intensive workspaces. As part of the alliance, Intel Capital has acquired an investment instrument in SCI.

SCI’s technology, SCIwatch, connects remotely with building automation systems to analyse energy consumption in commercial buildings.  The technology enables automated fault detection and predictive maintenance for improved energy efficiency.

Building energy consumption accounts for 40 per cent of all energy consumed in the US.

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