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Some 20% of global greenhouse gas emissions originate from buildings. Heating, ventilation, and air conditioning (HVAC) systems are responsible for over 50% of those emissions. What’s more, 45% of commercial buildings’ energy consumption comes from HVAC systems and some 30% is usually wasted. BrainBox AI, a member of the World Economic Forum’s Global Innovators community, is using self-adapting artificial intelligence technology to make commercial buildings, hospitals, universities and multi-residential buildings greener and smarter. It has so far transformed over 100 million square feet of building space in 18 countries, helping companies slash their energy bills and carbon footprint.
The Canadian scale-up, which has raised a total of $45 million, is also aiming to help electric grid operators manage their loads. Using existing data from BrainBox AI-enabled retail stores, schools, hotels, shopping malls and office buildings, the company demonstrated the ability of a group of buildings to behave together in order to reduce grid congestion through energy demand management at the COP26 climate change conference in Glasgow. The demo helped BrainBox AI win COP26’s Tech For Our Planet startup challenge.