Siemens has announced the acquisition of an innovative technology from Australian firm Setmetrics, enhancing its Brightly Software suite with advanced energy modeling capabilities.
The technology, which facilitates rapid creation of Energy Twins for various buildings, has been instrumental across Australia and North America, aiding sectors such as commercial real estate, education, and healthcare through scenario analysis and outcome tracking.
Brightly Software already provides a comprehensive approach to asset investment planning, integrating operational, financial, and sustainability data throughout the asset lifecycle.
The addition of Setmetrics’ technology enhances Brightly Software’s ability to analyze energy impacts effectively, paving the way for a more robust framework in Asset Investment Planning.
Integrated Planning Framework
The new solution embeds an integrated planning framework that focuses on energy efficiency, simplifying sustainability and lifecycle planning. This assists organizations in maximizing their investments for improved long-term success.
Don Kurelich, CEO at Brightly Software, stated, “This technology significantly elevates our digital twin capabilities, enabling us to model the impact of investments not just on facility condition, but also on critical energy performance. This integrated foresight is paramount for our clients, empowering them to achieve ambitious sustainability goals and drive unparalleled operational efficiency.”
Facility Health Energy Index
With enhanced scenario modeling capabilities, Brightly Software can swiftly generate energy efficiency models for the constructed environment. This advancement allows Brightly to offer a Facility Health Energy Index as part of its Asset Investment Planning within the Lifecycle Management Platform.
Setmetrics offers an easy-to-use energy modeling solution that streamlines model development by reducing design effort by up to 80 percent. Traditionally, asset owners had to navigate complex and costly processes to identify energy efficiency opportunities within their portfolios or assess the sustainability impact of their investment and capital project plans.
The acquisition of these technology assets from Setmetrics has been finalized, though financial details have not been disclosed by either party.
Siemens has acquired key technology from Setmetrics in Australia. The technology enhances the Brightly Software portfolio with new energy modeling capabilities.
Setmetrics is a SaaS provider that has been enabling customers across Australia and North America to rapidly create an Energy Twin for diverse buildings, undertake scenario analysis, and track outcomes to drive success for commercial real estate, education, and healthcare sectors.
Brightly Software offers an integrated approach to asset investment planning that incorporates operational, financial, and sustainability data throughout the asset lifecycle. The newly acquired technology from Setmetrics boosts Brightly Software’s comprehensive energy impact analysis capabilities and paves the way toward a broader value framework for Asset Investment Planning.
Integrated planning framework
This solution provides an integrated planning framework that embeds energy efficiency into its core. It simplifies sustainability and lifecycle planning, helping organizations maximize investments and achieve long-term results.
“This technology significantly elevates our digital twin capabilities, enabling us to model the impact of investments not just on facility condition, but also on critical energy performance,” said Don Kurelich, CEO at Brightly Software.
“This integrated foresight is paramount for our clients, empowering them to achieve ambitious sustainability goals and drive unparalleled operational efficiency.”
With the added scenario modeling capability, Brightly Software can quickly generate energy efficiency models for the built environment.
Facility Health Energy Index
As a result, it can offer customers a Facility Health Energy Index through its Asset Investment Planning, within the Lifecyle Management Platform. Setmetrics provides an intuitive, lightweight energy modeling solution that supports rapid model development and reduces design effort by up to 80 percent.
Traditionally, asset owners had to rely on infrequent, complicated, and expensive processes to identify opportunities in their asset portfolio for energy efficiency improvements, or to better understand the sustainability impact of their asset investment and capital project plans.
The acquisition of technology assets from Setmetrics has been completed. The parties have agreed not to disclose the details of the transaction.
