For Immediate Release
December 19, 2018 (Toronto, ON) – CircuitMeter Inc. today announced that its Forensic Energy Management™ system has been adopted at the Fairmont Royal York, as the first project of its kind in the KingSett Capital portfolio of commercial properties.
With a mission to show leadership in the implementation of sustainable operational strategies, KingSett and its operating partners at the Fairmont Royal York have installed CircuitMeter technology on all major systems and equipment throughout the hotel. With this technology, the Fairmont Royal York operations team will be able to measure electrical and related energy use in real time for major systems and equipment, giving it the ability to identify and eliminate energy waste through virtual and continuous energy audit features enabled by CircuitMeter and its Forensic Energy Management™ approach.
In collaboration with the Fairmont Royal York and KingSett Capital, CircuitMeter has supplied:
- Hardware to submeter the equipment and systems identified by the Fairmont Royal York
- Ongoing access to the CircuitMonitoring™ software platform required to store the granular energy data and provide access to the various features and analytics embedded in the software
- Forensic Energy Management™ services that will assist the users at KingSett and the Fairmont Royal York in getting the most value from the Big Data platform
- Systems leveraged to identify and reduce energy use and operating costs at the hotel, and generate insight into the nature of any operating inefficiencies at site
KingSett Capital, a member of the Canadian Green Building Council (CaGBC) is a leading Canadian private equity real estate investment business headquartered in Toronto with a focus on making investment decisions with a positive future impact and executing sustainable operational strategies to improve its tenants’ long-term needs and performance. Founded in 2002, KingSett has raised $9.8 billion of equity for its Growth, Income, Urban and Mortgage strategies and currently owns interests in a $13.4 billion portfolio of assets. Included in its portfolio of assets is The Fairmont Royal York hotel.
The Fairmont Royal York is a 1,363 room hotel located across from Union Station in downtown Toronto. This asset has recently undergone a renovation program to update 1,100 suites with a commitment to implement the latest energy management best practices in the hotel.
CircuitMeter Inc., a privately held Canadian firm, has developed groundbreaking electrical energy submetering hardware, integrated with its Big Data and cloud based CircuitMonitoring™ enterprise software. The advanced energy analytics represents a major step forward in comparison with current practice. It is designed to analyze real time, circuit level energy usage for large organizations and portfolio managers to identify energy waste and help industrial, commercial and institutional facility owners reduce their energy consumption, costs, and carbon footprint.
For more information, contact:
B. Paul Mertes, MBA, P.Eng.
President & CEO CircuitMeter Inc.
o: 888. 350.1790 x201 d: 647.494.9730