Retroficiency, provider of the on-demand Building Efficiency Intelligence™ (BEI) platform, today introduced Virtual Energy Assessment™ (VEA) — a sophisticated data analytics solution that can accurately determine actionable energy savings opportunities without stepping on-site or installing specialized hardware. Using only a building's address and its energy consumption interval data, VEA enables utilities, energy service providers and others to rapidly prioritize a portfolio of commercial buildings and cost-effectively identify potential energy efficiency improvements related to heating, cooling, lighting, building controls and more.
Virtual Energy Assessment will be used primarily by utilities and their program managers to systematically target candidates for energy efficiency programs and motivate them to reduce consumption, and by energy service providers to identify savings opportunities for their clients on a large scale. The company is currently piloting Virtual Energy Assessment with multiple large utilities, including Iberdrola USA, which serves nearly 2.5 million customers in New York and Maine; and energy service providers, including Schneider Electric, a global specialist in energy management.