Case Study
Building Insights helps Fortune 500 Biotech company save $2.6 million in 2 years
A leading biotech firm used Building Insights to transform their energy and resource management processes and help them meet ambitious 5-year corporate climate and sustainability goals.
Profile
- 55 buildings on corporate campus
- Building types: office, R&D laboratories, parking, manufacturing, and warehouse
- $32M/year energy spend
Goals
- Reduce energy 30%, water 20%, and waste 80% in 5 years
- Improve accuracy of consumption and cost budgets and forecasts
- Quickly create and share flexible, visual reports on energy resource KPIs
Process
- Centralized data from 55 buildings
- Connected 380+ meters & utility accounts from 4 systems
- Created 70+ calculated meters and utility accounts
- Linked meters to 48 different pricing schedules to automatically calculate realtime utility spend
- Eliminated manual data collection time & errors
- Engaged users from facilities, finance, sustainability, consultants
Outcomes
$2.6 million savings in first 2 years
- Reduced resource use
- Improved prioritization of capital projects
- Happier people
Fast, highly-accurate budgeting & forecasting
- Accurately calculate energy spend before bills are received for monthly cost forecast
- Moved from budgets based on average unit costs to budgets based on actual utility rates and consumption
- Tracked and reported on actual vs. budgeted spend in realtime
Productivity gains & improved communication from automatic KPI reporting
- Created custom dynamic reports on dozens of KPIs for four different teams across the company
- Scheduled automatic delivery of report PDFs to key stakeholders via email