WegoWise taps big data for energy efficient apartment buildings

The interface is designed to be simple and user-friendly, plotting building portfolio information on a grid to determine best and worst building performances. Users can also drill-down into granular, meter-level data if need be.

Though Chen says the cloud-based Wegowise platform could connect to large-scale building management systems for the commercial and industrial buildings market, as well collect near real-time utility data based on access to smart grid technologies, the company didn't want build something that relied on specialized hardware or metering configurations. "This is where the market is now" for small commercial building analytics, said Chen.

Currently, the company's platform has 10,000 buildings in its database, which comprise about 150,000 housing units and represent 140 million square feet.

This week, the company announced a partnership with U.S. Green Building Council’s (USGBC) LEED for Homes projects offering complimentary yearlong access to its WegoPro platform. The online platform will help developers minimize operating costs for 23,000 certified LEED for Homes residential units.

"WegoWise's solution for benchmarking and measuring building performance is fundamental to the success of our program" said Courtney Baker, Residential Operations Manager at USGBC in a statement. "Homeowners and developers who invest in LEED for Home certification have a powerful energy efficiency foundation, but need a reliable tool to track the long-term performance of their properties."

In addition to multi-tenant apartment building owners, the company has found energy auditors to be a significant customer base, who appreciate the streamlined access to determine building energy performance.

Also, Chen says many utilities find the platform useful when developing energy efficiency programs for demand-side management. With a clear and transparent view of inefficient buildings, utilities can be far more effective in targeting specific customers to find ways to reduce energy and water consumption.