SAN FRANCISCO, Oct. 14, 2020 /PRNewswire-PRWeb/ -- Gridium announced today that its software, used by The Muller Company for data-driven technology that lowers operating costs, identified optimal utility rate savings for a portfolio of buildings in Southern California. The savings total an eight cents per square foot reduction in operating expenses, representing 4.5% of annual energy costs. By deploying best-in-class technology to analyze its energy and utility data, The Muller Company extends its 40-year track record of building value for its institutional partners and tenants.
Automating Data Analytics for Easy Opex Savings
"Our focus is on building value, for tenants and our institutional partners, and Gridium helps make that easier," said Jenny Blanchart, Director of Property Management at The Muller Company. "This technology helps us put utility rate optimizations on autopilot, freeing time for my team to focus on our tenant experience–which is even more important during these challenging times."
By calculating the building's utility bill determinants, Gridium creates a synthetic utility bill under each possible utility rate, with bankable accuracy for each bill's demand and use line item. Potential scenarios span utility rates with higher demand charges in exchange for lower usage charges, lower demand charges for higher usage charges, and other variants along that spectrum.
"Now more than ever, tenants expect landlords to utilize technology to drive down utility costs which encompass a large percentage of overall operating expenses," said Audrey J. King, Senior Property Manager at The Muller Company. "And with Gridium as our partner, we save on time, as well as on rates–their guidance and data-driven budget downloads help simplify our annual forecasting process and allow us to demonstrate measurable results."
Simplifying Utility Rate Decisions and Measuring the Results
"We first partnered with The Muller Company over five years ago and their focus on a healthy and sustainable built environment has not wavered," said Tom Arnold, CEO at Gridium. "The Muller team knows choosing your building's energy rate, and deciding whether or not changes either in the building or at the utility might mean it's time to analyze it all over again, is a problem perfectly suited for our data analytics engine. We run the numbers so that our users can run their buildings."
In addition to streamlining the management decision around what electricity tariff to select, Gridium's technology also automatically quantifies the savings with every new bill under the new utility rate. These measurement & verification routines can also be applied to other energy efficiency projects, including distributed energy resource investments, LED upgrades, and rooftop unit retrofits.
About Gridium Inc.
Buildings use Gridium to save energy, finance retrofits, and streamline operations. All told, the company directly serves about 300 million square feet of buildings across the United States, and with Gridium, these buildings save millions of dollars on electricity, gas, and water utility bills, extend the useful lives of their assets, and data-drive their sustainable operations.
About The Muller Company
The Muller Company is an opportunistic real-estate investment, development and management firm with a proven track record in acquiring and repositioning commercial properties. Since its inception in 1979, The Muller Company team, with a combined 150 years of experience, has acquired, developed and/or operated, alongside first-class institutional partners, over 30 million square feet of office, industrial and retail space across Northern and Southern California, Arizona and Utah. For more information, visit themullercompany.com.
SOURCE Gridium
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