Novem Digital Selects CircuitMeter Platform to Enhance its Suite of Risk Management Tools for Owners and Insurers to Maximize Building Energy Efficiency and Manage Sustainability Related Risk
For Immediate Release
TORONTO, ON — October 29, 2024 – With CircuitMeter, Novem can deliver state-of-the-art, real time energy metering and analytics to its client base, enabling Forensic Energy Management practices with Novem’s digital risk management platform ecosystem.
Novem Digital is pleased to announce that it has entered a strategic relationship with CircuitMeter Inc. This includes a data sharing agreement for anonymised highly granular and cost-efficient energy data collection, to enhance digital forensics with automated continuous commissioning and claims mitigation, within its digital infrastructure platform.
“With CircuitMeter now a part of our corporate eco structure, Novem can offer its clients the most advanced energy metering and analytics technology on the market, giving them the ability to lower energy use and related costs, while enhancing risk management across their building portfolio,” said Clint Undseth, CEO of Novem Digital. “This collaboration offers boards and executives real time insight into energy waste and operational risks, while providing clear guidelines towards optimized capital planning and the management of climate risk in their portfolios. Integrating CircuitMeter technology into Novem’s IoT platform brings the harmonization of real-time building data with historical insurance claim data and is a game changer that will enhance our customers’ operations and asset value.”
“CircuitMeter is excited to be a part of the Novem vision and salutes its leadership in the growing field of IoT systems and AI as it links our Forensic Energy Management technology and practices in buildings with risk management and value creation. We would like to congratulate Novem for championing advanced energy efficiency solutions that will help the world enhance business competitiveness while also fighting climate change.” said President and CEO Paul Mertes.
About Novem Digital
Novem Digital stands at the forefront of digital risk management and IoT innovation, empowering property owners and insurers to effectively manage building and sustainability risks. Integrated with the Hyperview digital infrastructure platform, Novem Digital’s add-on software suite offers robust property risk management tools tailored for the built environment. Key features include Risk Management, Capital Planning, and Predictive Analytics. Learn more at NovemDigital.com
About CircuitMeter Inc.
CircuitMeter Inc., a privately held Canadian company, has developed a groundbreaking IoT energy data platform, comprising advanced technology energy submetering, internet communications, and enterprise software. Its Big Data, cloud based CircuitMonitoring™ advanced energy analytics software represents a major step forward in comparison with current practice. It is designed to generate and analyse real time, circuit level energy data at scale, meeting the needs of large organizations and portfolio managers in identifying energy waste, and helping industrial, commercial and institutional facility owners reduce their energy consumption, costs, and carbon footprint.
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For more information, contact:
David Crawford, C.Dir., CPA, EP Director and Chief Financial Officer
Novem Digital Inc.
Tel: 778-238-6564 ourteam@novemdigital.com
B. Paul Mertes, MBA, P.Eng. President & CEO
CircuitMeter Inc.
Tel: 888-350-1790 ext. 201 info@circuitmeter.com
For more information visit:
Follow Novem Digital on LinkedIn.
Follow CircuitMeter on LinkedIn and on X (@CircuitMeter).
