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Startup Retroficiency targets building efficiency

Retroficiency this week announced its launch as a spinout company from the Massachusetts Institute of Technology. It also unveiled its energy efficiency identification and qualification (EIQ) platform, which systematically analyses the potential benefits of thousands of commercial building energy efficiency measures.

Retroficiency’s platform is available immediately to energy service companies (ESCOs), facility management firms, large commercial property owners and other organisations seeking to more rapidly, cost effectively and accurately qualify energy solutions across their portfolio of properties.

Commercial building energy efficiency evaluation is currently a slow, expensive and non-standard process. Building professionals spend countless hours walking around buildings, benchmarking and researching efficiency solutions, and generating detailed reports.

To improve this process, Retroficiency uses powerful SaaS-based predictive analytics leveraging tens of thousands of energy audits and a proprietary database of energy efficiency measures to evaluate thousands of opportunities in minutes. The platform can be used with minimal building data to quickly focus on the best opportunities, as well as incorporate more detailed specifics as they are collected.

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