Real-time monitoring prevents major energy waste, saving thousands

‍Background

‍A landmark office building in Sydney, known for its prestigious tenant and historic significance, faced challenges in maintaining energy efficiency due to its complex management setup and frequent changes in facility management. The building's owner, a leading property investment company, has significant sustainable debt financing tied to its energy performance. Therefore, any deviation in the building's energy use could have severe financial implications.

Issue

‍During the winter, a malfunction in the building's management system caused the central plant pumps to run continuously over the weekend, rather than shutting down as scheduled. This continuous operation posed a significant risk to the building's energy budget and threatened the owner’s sustainability goals, potentially impacting their performance metrics tied to sustainable financing.

Solution

‍Leveraging real-time monitoring capabilities provided by the PEAK platform, the building's team was able to quickly identify the fault. The system’s alerts indicated abnormal energy consumption due to the central plant pumps running non-stop. Prompt action was taken to rectify the issue by the following Tuesday, avoiding further energy wastage.

Impact

‍The swift detection and response prevented a potential energy cost surge, saving approximately $42,000 and reducing the building’s annual energy consumption by 10%. This proactive approach not only safeguarded the owner’s financial interests but also supported their broader sustainability objectives, underscoring the value of real-time monitoring and efficient energy management.