The main thrust of the start-up company will be to incentivise consumers to leverage accrued carbon savings by using a redemption scheme to purchase energy efficient products, low carbon/renewable energy technologies and services to continuously reduce their carbon footprint of their building properties over a period of time. The system will allow users to determine their energy usage in real time and it will calculate the payback period accurately when new technologies are installed to improve the energy efficiency of their properties.
Over a period of time, as the network expands, the company will compile vital information on energy usgae for different properties based on building occupancy levels, weather patterns, construction materials along with other parameters. This information will be used to develop more accurate energy analytics on the various installed technologies which could be sold to third party companies in the design and construction industries to assist in the development of more energy efficient buildings.
As the effects of climate change becomes more evident, it is vital that there needs to be a paradigm shift on how we design, construct and operate buildings and this start up company will provide an innovative way to assist building users to improve the energy efficiency of their properties.