Homegrown artificial intelligence technology continues to accelerate the reduction of real estate carbon footprints in Canada’s largest city.
BrainBox AI, a pioneering leader in autonomous building technology, today announced that it has partnered with GWL Realty Advisors (GWLRA) to pilot its artificial intelligence (AI) technology in two of the company’s managed properties in downtown Toronto. The pilot project saw the installation of BrainBox AI in a commercial office building and a multi-residential building.
BrainBox AI uses deep learning, cloud-based computing, algorithms, and a proprietary process to support a 24/7 self-operating Heating, Ventilation, and Air Conditioning (HVAC) system that requires minimal human intervention and enables maximum energy efficiency.
In the 2020 pilot project, the office tower saw a preliminary reduction in energy savings of 29% on HVAC, with an expected reduction of its carbon emissions by 218 metric tons per year. The multi-residential building saw a preliminary reduction in energy savings on HVAC of 25%, expectedly avoiding 180 metric tons of carbon emissions per year.
“At BrainBox AI, we believe that supporting real estate organizations in meeting and even exceeding their energy and sustainability objectives without sacrificing financial gain is the only way we are going to make real progress towards our global carbon emission reduction goals,” said Sam Ramadori, President at BrainBox AI. “We are very grateful for early adopters such as GWL Realty Advisors that help pave the way for the real estate industry by adopting game-changing AI technologies like ours and believing in the immense value it can generate.”
Accounting for 45% of buildings’ energy consumption, HVAC systems are one of commercial real estate’s leading contributors to energy usage and GHG emissions. GWLRA’s partnership with BrainBox AI aligns with the company’s commitment to environmental sustainability through innovation across its real estate portfolio.
“As a leading real estate advisor, we’re focused on evolving our sustainability platform to meet the demand for smarter, climate-resilient, more sustainable and healthier buildings for our tenants and residents. Innovation plays a key role in this effort,” said Glenn Way, Executive Vice President & Chief Operating Officer, GWL Realty Advisors. “We’ve seen great results in our pilot projects with BrainBox AI thus far, and are currently evaluating other assets where we can implement this technology.”
BrainBox AI’s technology is currently impacting over 100,000,000 sq. ft. of real estate across 16 countries and was recognized by TIME in 2020 as one of the top 100 best inventions of the year.