Stratis IoT, which focuses on smart apartment and building tech for multifamily and student housing, announced the launch of Stratis Sustain, its utility monitoring, management, and control platform for new development and retrofit projects.
Stratis Sustain includes water and energy integrations enabling residents, property management, and portfolio representatives to view consumption, develop insights, and receive alerts. The platform enables real-time monitoring, management, and alerts for partners Inovonics, NextCentury, and Tehama Wireless, without new hardware installation.
Stratis said it will be extending these capabilities through an integration with H2O Degree later this year. The feature set enables users to monitor water consumption, alerts, and insights, and facilitates dashboard views of property-level and portfolio-level consumption and alerts, with unit-level specificity.
“Currently, portfolios and residents have almost no visibility into their properties’ or apartments’ consumption patterns,” said Stratis Chief Innovation and Product Officer Charlie Hill. “Typically, they will simply receive a bill that is rearward looking with no true insights. Stratis Sustain eliminates these gaps by providing residents real-time insights into their water and energy usage and by allowing portfolio managers to view usage patterns, alerts, and the overall health of these critical systems. Stratis can use this data to assist in reporting to entities like Energy Star and GRESB. This platform is pulling back the fog that has been obscuring this type of information for so long.”
The company is also launching its Demand Response pilot in partnership with Greystar, as part of the Wells Fargo Innovation Incubator.
This pilot project will provide incentives for both residents and property staff the option to enable triggers for ecological and budget-friendly device settings. Thermostat, lighting, shades, water heaters, and energy monitors will all be components of the pilot, which will yield digital twin modeling to provide insights into multifamily demand response impact.
Demand Response brings a new revenue source to properties, facilitating incentives for the residents, and most importantly, enabling capacity to minimize grid peaks and ensuring a cleaner, greener grid, the company said.
Stratis has installed its solutions in over 380,000 apartments worldwide, including the U.S., Japan, U.K. and Europe.