Canadian smart building specialist Kontrol Technologies said it is advancing net zero building infrastructure with the launch of SmartPower, a fully integrated geothermal and VRF (variable refrigerant flow) solution, for the new construction and energy retrofit market.
“Launching the SmartPower brand and solution provides a significant opportunity to grow our recurring revenues and monetize carbon credits as we continue to scale with profitability,” said Paul Ghezzi, CEO of Kontrol Technologies. “Heightened demand for net zero emission infrastructure is being driven by the adoption of carbon taxes, in key North American market regions, coupled with stakeholder activism and corporate social responsibility. By advancing new sustainable energy solutions that seamlessly integrate into our existing technology stack, we are well positioned to continue to grow our market share.”
The launch of SmartPower for on-site power generation for heating and cooling of entire buildings is a valuable technology addition to the company’s current platform, including SmartSite software for building HVAC control and optimization and SmartSuite hardware and software for in-suite energy management.
Geothermal power plants are a green house gas emission reduction technology which Kontrol will seek to monetize as part of its previously announced carbon credit program
“The shift to more sustainable infrastructure is an accelerating opportunity for Kontrol, as buildings continue to represent a leading source of greenhouse gas emissions. Kontrol’s customer base includes real estate investment trusts, asset managers and developers with hundreds of millions of square feet of building assets under management and in development,” the executive added.
Kontrol Technologies recently announced that it has surpassed 400 customer buildings and is set to double its market share in 2022.
In August, Kontrol Technologies announced the completion of the acquisition of Global HVAC & Automation.
The firm said that Global’s service offering complements Kontrol’s existing product portfolio, adding that the combination of the two is expected to create significant growth opportunities over the coming years.
Global has traditionally focused on larger projects, with one-time project revenues. A small percentage of its overall business is in recurring service and asset maintenance. Global will operate as a subsidiary of Kontrol with its current management team in place. Kontrol said it will seek to grow Global’s recurring revenues through vertical integration with its current software and ongoing service agreements.
Kontrol’s SmartSite platform integrates into building automation systems and provides a data analysis, reporting and smart learning algorithms to drive improvements in overall energy management and sustainability. Kontrol will integrate its facility management with the Global project platform to drive software revenues.
Kontrol also operates a facility management platform with ongoing and recurring revenues to manage energy assets and optimize them for performance. Kontrol said it aims to integrate its facility management with the Global project platform to drive service revenues.
