Leveraging IoT for Accurate Electricity Cost Modelling and Greener Buildings: A Case Study of Station A
Technology Category
- Other - Battery
- Sensors - Utility Meters
Applicable Industries
- Buildings
- Retail
Use Cases
- Building Automation & Control
- Usage-Based Insurance
Services
- System Integration
About The Customer
Station A is a predictive platform and clean energy marketplace that helps property owners transition to net-zero energy consumption. The company collects and synthesizes geospatial, environmental, and financial data for commercial and residential properties. It shows property owners the potential financial and carbon savings they stand to gain from cleaner energy and determines which sustainability solutions will work best. Station A then connects property owners to solar, battery, and EV charging providers. Since 2016, Station A has identified over 750,000 commercial buildings in the US that would see financial returns from transitioning to clean energy.
The Challenge
Station A, a predictive platform and clean energy marketplace, was facing a significant challenge in promoting the adoption of sustainable energy. The problem was twofold. Firstly, potential customers were often overwhelmed by the complexity of determining the financial viability of sustainable energy solutions, leading to a state of 'analysis paralysis.' Secondly, Station A needed access to large-scale energy data and specific electricity data at the building level to accurately model savings for property owners. The lack of such data was hindering their ability to effectively engage with potential customers and demonstrate the financial and environmental benefits of transitioning to cleaner energy solutions.
The Solution
Station A adopted Signal, part of Arcadia's industry-leading data platform, Arc. Signal tracks the current electricity market and hourly retail pricing, modeling electricity costs across residential and commercial applications. It captures tariff structure and combines it with usage data to provide accurate calculations across over 95% of utility tariffs in North America. This allows Station A to model the cost of any energy usage scenario and identify ways to lower those costs. Using the Signal API, Station A pre-qualified 1 million buildings across the country, producing sustainability report cards for each. These report cards, indexed on Google, provide property specifications and value estimates alongside a sustainability grade. If a building owner wants to improve their grade or be more energy-efficient, Station A can recommend sustainable, cost-effective changes like incorporating rooftop solar, community solar, or EV charging solutions.
Operational Impact
Quantitative Benefit
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