BuildingIQ has announced the acquisition of comfort sensing technology, comprised of the OptiCool and ComfortSENSE subsystems and interface, from the Commonwealth Scientific and Industrial Research Organisation (CSIRO) for approximately AUD$500,000.

BuildingIQ announced the launch of its 5i platform-enabled services, designed to deliver value to building operators at any stage of a building’s lifecycle. The company said the 5i platform and services provide a better building Internet of Things (IoT) solution for owner/operators due to its five pillar approach.

Energy management system supplier GridPoint announced that its submetering, monitoring, and intelligent building control technology, combined with cloud-based analytics software and services, has helped Chipotle restaurants reduce energy usage by more than 13 percent over a multi-year period.

Noveda Technologies, a provider of web-based, real-time energy and water management, announced the company’s platform has been selected as a qualified system provider by the New York State Energy Research and Development Authority (NYSERDA) for its Real Time Energy Management (RTEM) program. 

Building automation and energy services provider Albireo Energy LLC has announced a merger with Newark, Delaware-based Advance Power Control Inc. (APC) and Energy System Technologies (EST).

The global energy management systems market is forecast to see a compound annual growth rate (CAGR) of 13.4 percent between 2016 and 2024, growing from a valuation of $9.9 billion in 2014 to $35.9 billion by 2024, according to a report from Transparency Market Research.