drj logo
  • This field is for validation purposes and should be left unchanged.

Already have an account? Log in

drj logo

Welcome to DRJ

Already registered user? Please login here

Login Form

Register
Forgot password? Click here to reset

Create new account
(it's completely free). Subscribe

Skip to content
Disaster Recovery Journal
  • EN ESPAÑOL
  • SIGN IN
  • SUBSCRIBE
  • THE JOURNAL
    • Young Professional Spotlight
    • Career Spotlight
    • Article Submission
    • Digital Edition
    • DRJ Annual Resource Directories
    • Article Archives
  • EVENTS
    • Fall 2021
    • Call for Papers – Fall 2021
    • DRJ Town Hall Meetings
    • Other Industry Events
    • Schedule & Archive
  • WEBINARS
    • Upcoming
    • On Demand
  • MENTOR PROGRAM
  • DRJ ACADEMY
  • RESOURCES
    • White Papers
    • DR Rules and Regs
    • Industry Groups
    • Business Directory
    • Business Resilience Decoded
    • DRJ Glossary of Business Continuity Terms
  • ABOUT
    • Board and Committees
      • Executive Council Members
      • Editorial Advisory Board
      • Career Development Committee
      • FAQs Committee
      • Web Committee
      • Glossary Committee
      • Rules and Regulations Committee
  • Podcast

Innovatus Capital Partners Teams With Verdigris Technologies to Reduce Energy Costs Through Bringing Energy Intelligence to Its Buildings

by DRJ Editorial Team | February 23, 2021 | | 0 comments

Nationwide building portfolio leverages real-time energy and AI for deep insights and autonomous facility operations

DALLAS–(BUSINESS WIRE)–#AI–New York based Innovatus Capital Partners (“Innovatus”), a boutique specialty finance firm with over $1.5 billion in assets under management, focused on creating value in special situations, emergent asset classes and asset-based investments, including a diversified portfolio of U.S. commercial office properties located in emergent top-tier markets, is deploying Verdigris’ artificial intelligence (AI) technology across its national commercial building portfolio. Verdigris, a global leader in real-time responsive energy intelligence, combines its IoT energy sensors and adaptive and autonomous building solutions to cost-effectively manage energy consumption and optimize operations in smart buildings.

“Innovatus has seen tangible reductions in our energy costs, along with other unexpected benefits such as identifying equipment scheduling issues at several of our buildings. The Verdigris deployment model, analytics and automation are extremely valuable to our investment strategy for identifying disruptive growth opportunities,” said Bradley Seiden, Managing Director at Innovatus Capital Partners. “Verdigris is a tested and proven energy management solution, delivering real-time insights and automatic optimization that are ahead of other solutions in the marketplace and are adaptive to the needs of our buildings in each market.”

In the first phase of energy-saving automation, Innovatus has deployed Verdigris’ Adaptive AutomationTM at the Westwood Corporate Center, a premier five-story, 120k sqft, Class A office building in Orlando. During this phase, Verdigris AI has already identified measurable annual savings in both baseload and peak demand optimization. These savings are achieved automatically, with no additional effort or attention by the facility engineering team, freeing them up to focus on other projects. To expand on the success of this first phase, savings can be further enhanced by automating additional HVAC equipment. Innovatus and Verdigris look forward to creating a truly “self-driving” building. Westwood Corporate Center is managed by Lincoln Property Company.

“Lincoln Property Company is very excited to be working with Innovatus Capital Partners and Verdigris on these very unique AI enhanced energy initiatives that we truly believe sets on a unique path to maximizing energy conservation while effectively maintaining tenant comfort within our office buildings,” said Edward J. Price, Senior Vice President for Lincoln Property Company Southeast.

By applying AI and machine learning in real-time to the precision data that Verdigris sensors capture, Verdigris delivers insights on granular energy issues that other systems miss. Facility and property managers can act at optimal times or implement automated responses to improve energy efficiency, address potentially critical issues, and reduce downtime.

Commercial real estate owners increase net operating income by cutting energy costs. Meanwhile, occupants enjoy an optimized environment enabled by AI-enhanced building controls. Verdigris’ non-intrusive IoT sensors work alone or in synergy with building management systems. Customers have achieved fast ROI, often within months, by decreasing energy costs 20% or more.

“We’re helping companies survive and thrive in a dynamic period of digital transformation while navigating Covid, economic turbulence, the increasing impact of climate change, and sustainability legislation. To do that, buildings and industry need cost-effective and scalable data and AI solutions that enable intelligent environments to align the interests of building owners, operators and occupants,” said Thomas Chung, Head of Growth at Verdigris.

Verdigris’ patented technology monitors granular energy consumption and power quality details for individual devices at thousands of times per second, detecting hidden issues that most other systems miss and automating responses for optimized “driverless” buildings.

About Innovatus

Innovatus Capital Partners, LLC is a boutique specialty finance firm focused on creating value for investors in emergent asset classes, private credit and asset-based investments, based in New York. Innovatus has assets under management in excess of $1.5 billion. Innovatus has a dedicated team of real estate investment professionals with deep experience in commercial real estate acquisitions, recapitalizations and asset management across core-plus and opportunistic real estate investments amongst all property types including office, retail, hotel, medical, industrial and warehouse. Innovatus and its principals have significant real estate experience with ventures that range from the creation of a CMBS lending group and servicing platform to making equity investments in developments and single asset purchases. Further information can be found at innovatuscp.com.

About Verdigris

Verdigris Technologies is a leading AI company that empowers the world’s smartest buildings with data, insights and automation. Through artificial intelligence and IoT-enabled sensors, Verdigris ‘learns’ and distinguishes the equipment components of commercial buildings, providing rich data streams about critical equipment. Powerful analytics constantly scan this data to find hidden inefficiencies, produce actionable reports and empower building managers to optimize facilities management. Among other honors, Verdigris was named one of the top ten Most Innovative Companies in Energy by Fast Company and selected as the Frost and Sullivan Technology Innovation Leader in the North American AI-based Energy Management and Automation Industry. Verdigris is headquartered at the NASA Ames Research Park in Silicon Valley, California with offices in the US and Taiwan. See verdigris.co for recent press and testimonials. For more information, please contact Media Relations at press@verdigris.co.

About Lincoln Property Company

Lincoln Property Company is one of the largest and most diversified real estate services firm in the United States and is the only national real estate company to rank concurrently in the top 10 of Management/Ownership of Office, Industrial, Multi-family, and Retail. With an international footprint that includes offices in 45 cities across the United States and 6 cities in Europe and South America, LPC remains a privately and closely held company. As a matter of corporate intention and philosophy, the company has operated virtually debt-free since the early 1990’s, uniquely positioning itself to provide focus and performance as well as consistency and stability to its clients and employees in the economically challenging times of today. This corporate philosophy combined with over 50 years of global real estate is what differentiates LPC from other service providers and real estate companies.

Contacts

Bradley Seiden, + 1 (917) 873-0332
Managing Director

bseiden@innovatuscp.com
www.innovatuscp.com

Thomas Chung, +1 (512) 784-6431

Head of Growth

thomas@verdigris.co

Edward J. Price, + 1 (407) 872-3500

Senior Vice President

eprice@lpc.com

Recent Posts

  • Download Your Planning Templates
  • They Called Me ‘The Queen of Doom’
  • Business Continuity as a Business Strategy
  • AlertMedia Improves Emergency Management with the Launch of Event Pages: Connecting People with Critical Information in Real-Time
  • Disaster Recovery Planning in a VM Operating Environment

Recent Comments

    Archives

    • December 2020 (1)
    • October 2020 (1)
    • August 2020 (1)
    • January 2020 (1)
    • November 2019 (9)
    • October 2019 (8)
    • September 2019 (8)
    • August 2019 (17)
    • July 2019 (77)
    • June 2019 (92)
    • May 2019 (128)
    • April 2019 (109)
    • March 2019 (80)
    • February 2019 (106)
    • January 2019 (102)
    • December 2018 (96)
    • November 2018 (131)
    • October 2018 (139)
    • September 2018 (81)
    • August 2018 (124)
    • July 2018 (113)
    • June 2018 (90)
    • May 2018 (142)
    • April 2018 (151)
    • March 2018 (124)
    • February 2018 (157)
    • January 2018 (140)
    • December 2017 (118)
    • November 2017 (158)
    • October 2017 (186)
    • September 2017 (139)
    • August 2017 (212)
    • July 2017 (179)
    • June 2017 (214)
    • May 2017 (230)
    • April 2017 (223)
    • March 2017 (159)
    • February 2017 (175)
    • January 2017 (112)
    • December 2016 (8)
    • October 2016 (12)
    • June 2016 (15)
    • May 2016 (4)
    • April 2016 (10)
    • January 2016 (10)
    • December 2015 (2)
    • October 2015 (12)
    • September 2015 (2)
    • June 2015 (15)
    • April 2015 (15)
    • March 2015 (6)
    • February 2015 (7)
    • January 2015 (6)
    • December 2014 (18)
    • November 2014 (19)
    • October 2014 (24)
    • September 2014 (11)
    • August 2014 (13)
    • July 2014 (7)
    • June 2014 (36)
    • May 2014 (19)
    • April 2014 (21)
    • March 2014 (90)
    • February 2014 (5)
    • January 2014 (26)
    • December 2013 (10)
    • November 2013 (25)
    • October 2013 (37)
    • September 2013 (27)
    • August 2013 (8)
    • July 2013 (8)
    • June 2013 (31)
    • May 2013 (17)
    • April 2013 (103)
    • March 2013 (82)
    • February 2013 (120)
    • January 2013 (212)
    • December 2012 (128)
    • November 2012 (92)
    • October 2012 (159)
    • September 2012 (112)
    • August 2012 (153)
    • July 2012 (106)
    • June 2012 (91)
    • May 2012 (35)
    • April 2012 (49)
    • March 2012 (14)
    • February 2012 (19)
    • January 2012 (44)
    • December 2011 (9)
    • November 2011 (21)
    • October 2011 (45)
    • September 2011 (13)
    • August 2011 (9)
    • July 2011 (47)
    • May 2011 (46)
    • April 2011 (10)
    • March 2011 (25)
    • February 2011 (1)
    • January 2011 (17)
    • December 2010 (8)
    • October 2010 (19)
    • September 2010 (1)
    • July 2010 (23)
    • June 2010 (1)
    • May 2010 (1)
    • April 2010 (21)
    • March 2010 (1)
    • February 2010 (1)
    • January 2010 (4)
    • December 2009 (20)
    • November 2009 (4)
    • October 2009 (17)
    • September 2009 (11)
    • August 2009 (2)
    • July 2009 (2)
    • June 2009 (79)
    • April 2009 (20)
    • March 2009 (1)
    • January 2009 (22)
    • November 2008 (1)
    • October 2008 (1)
    • July 2008 (4)
    • June 2008 (22)
    • April 2008 (25)
    • February 2008 (1)
    • January 2008 (16)
    • December 2007 (17)
    • November 2007 (662)
    • October 2007 (410)
    • September 2007 (1)
    • November 1999 (1)

    ARTICLES & NEWS

    • Business Continuity
    • Disaster Recovery
    • Crisis Management & Communications
    • Risk Management
    • Article Archives
    • Industry News

    THE JOURNAL

    • Digital Edition
    • Young Professionals
    • Career Spotlight
    • Advertising & Media Kit
    • Submit an Article

    RESOURCES

    • White Papers
    • Rules & Regulations
    • FAQs
    • Glossary of Terms
    • Industry Groups
    • Business & Resource Directory
    • Business Resilience Decoded

    EVENTS

    • Fall 2021

    WEBINARS

    • Watch Now
    • Upcoming

    CONTACT

    • Article Submission
    • Media Kit
    • Contact Us

    ABOUT DRJ

    Disaster Recovery Journal is the industry’s largest resource for business continuity, disaster recovery, crisis management, and risk management, reaching a global network of more than 138,000 professionals. Offering weekly webinars, the latest industry news, rules and regulations, podcasts, the industry’s only official mentoring program, a quarterly magazine, and two annual live conferences, DRJ is leading the way to keep professionals up-to-date and connected in an ever-changing world.

    LEARN MORE

    TWITTER

    Disaster Recovery Journal is the leading publication/event covering business continuity/disaster recovery.

    Follow us for daily updates @drjournal

    Newsletter

    The Journal, right in your inbox.

    Be informed and stay connected by getting the latest in news, events, webinars and whitepapers on Business Continuity and Disaster Recovery.

    Subscribe Now
    Copyright 2021 Disater Recovery Journal
    • Terms of Use
    • Privacy Policy