Real estate startup Runwise is taking on record heat this summer
The post Real estate startup Runwise is taking on record heat this summer appeared on BitcoinEthereumNews.com.
Runwise co-founders (L-R) Jeff Carleton, Lee Hoffman and Mike Cook. Courtesy of Runwise A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. As brutally high temperatures bake the nation this summer, cooling is becoming increasingly critical across commercial real estate property portfolios. Landlords are balancing soaring demand with rising costs, putting energy efficiency front and center. The trouble is that most large building systems essentially run blind. Temperatures are set centrally, so they don’t know if certain parts of the building are running too hot or too cold. That’s why so many office workers sit at their desks wearing sweaters in the summer and then feel overheated in the winter. Now, new technology is taking on the challenge. Runwise, a New York-based technology company, invented its own hardware/software platform to eliminate overheating in large buildings. It recently expanded that to cooling. “We’re trying to hit these climate goals, yet right in our literal building we’re throwing money away every time you run a boiler when it doesn’t need to run, you’re wasting money and you’re producing carbon emissions unnecessarily that really make nobody comfortable,” said Jeff Carleton, co-founder and CEO of Runwise. The Runwise desktop app. Courtesy of Runwise The company combines future weather algorithms with a wireless temperature sensor network that speaks to a Runwise central control system. That control analyzes the data and then operates the system more efficiently. For example, a 100,000-square-foot building may have just one boiler, but it needs multiple temperature inputs. Runwise would put in 20 to 25 sensors, which take…
