July 13, 2019
Smart building software company Bractlet entered into an agreement with Lionstone Investments to implement smart technology across 31 office buildings that total nine million square feet. The Austin-based Bractlet’s technology will help Lionstone, headquartered in Houston, acquire necessary operational data to help cut costs and save energy. The technology will be placed in approximate one-half of Lionstone’s total U.S. portfolio.
Bractlet’s system involves collecting inputs, including equipment-level energy consumption, weather data, occupancy rates and other real-time information to create a so-called “digital energy twin” of each individual building. The company then simulates the building’s performance with 98% accuracy, which allows owners to gauge energy use reduction of potential building optimization.
“Implementing Bractlet’s technology at the portfolio-level allows us to make informed decisions that benefit our investors, conserve energy, and improve tenant comfort and productivity,” said Lionstone’s Tom Paterson.
Pictured: Frost Bank Tower, Austin (part of Lionstone Portfolio
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