As our population and dependency on technology grow, it is becoming clear that traditional approaches to the management of utility grids must be disrupted in order to continue to enjoy the conveniences, medical treatments, food production, and so forth that we have come to depend on. Intel Energy Collective Optimization software delivers energy data analytics and machine learning capabilities along with advanced energy controls to help pave the way to provide the smart housing solution in response to that need.
According to Joint Center for Housing Studies of Harvard University, since 2009, energy consumption in housing continues to fall as people become more aware of the environmental and financial benefits of energy efficiencies. There is a demand for even more reduction, especially by utility companies that see the increasing impact of a larger population and advances in the day-to-day technology that we are all dependent on.
The Intel Energy Collective Optimization software can intelligently predict when individuals will consume certain types of energy. By understanding patterns and needs, this capability creates a flexible energy shift from peak hours to off hours.
Scale that to millions of residents on a power grid and Intel estimates that there is a potential savings of $300 billion in the US alone.
IOTAS is the first smart home provider in the multifamily housing sector to work with Intel in the effort to create a more resilient power grid. IOTAS delivers a fully-connected smart building experience to both residents and property teams. Each smart apartment is integrated with upwards of 20 smart devices and sensors, all connected to a single IOTAS Connect Hub. Residents are therefore empowered to control their apartment and monitor their energy consumption in the IOTAS Home app, via voice commands, or through automated intelligence. IOTAS also automates reduction in energy consumption of the entire residential or mixed-use building in both apartments and common spaces by using the Internet of Things (IoT) sensors and smart devices. According to National Apartment Association’s 2016 Survey of Operating Income & Expenses in Rental Apartment Communities, the average utility expense per vacant unit was $330 per year for a garden style community and $500 per year for a mid to high rise property. IOTAS provides the sensor, device, and user routine data in order for Intel Energy Collective Optimization to analyze and enable the intelligent management of the energy load for individual apartments and common spaces. At scale, this not only reduces the costs to renters and property owners, but it also lessens the burden on the power grids.
This partnership benefits everyone it impacts. Property owners and residents will all experience a significant reduction in energy costs. Investors and utility companies will have additional revenue sources as well as create a loyal customer base.
For more information, find us at AWS re:invent conference at the Intel booth 2414 on Tuesday, November 27th from 9:45am-12:00pm and again from 1:45pm-4:00pm. You can also reach out to us by emailing firstname.lastname@example.org or calling us at (503)822-3500.