Measurement and verification functionality leapfrogs market by making project analysis easy and accurate
OAKLAND, CA, June 7, 2017 — MACH Energy, the leading provider of energy management software, announced the launch of its new version of Initiatives featuring Measurement and Verification (M&V 2.0) capabilities. MACH’s software allows commercial real estate operators, 3rd party partners, and progressive utilities to track and quantify differences in energy use load patterns over time. MACH’s products currently manage iconic landmarks, hotels, and office buildings nationwide, such as the World Financial Center in New York, the San Francisco Ferry Building, and the Aon Center In Chicago.
“MACH’s Initiatives has already helped us achieve significant savings and is a convenient reporting tool for our asset managers,” said Max Greninger, Property Sustainability Manager of Carr Properties .“The new M&V functionality helps us evaluate and communicate “What if” scenarios and actual savings to the team, and also assists in ROI reporting and calculations. We’re glad that MACH continues to innovate with functional and useful tools like these.”
“We’ve taken a standards-based approach to project and operational changes and integrated them into our easy to use Initiatives,” said Brian Glynn, MACH’s Senior Vice President of Product Management. “This solution also leverages MACH’s extensive experience with meter based data and our robust tariff engine. It is already employed in a multitude of use cases, including tracking capital and operational project savings, estimating potential projects, and demonstrating third-party verification. It will enable building teams to accurately evaluate their projects, and communicate those savings to all stakeholders.”
The M&V function is an expansion of Initiatives, MACH’s existing tool that automatically identifies operational savings opportunities. M&V tracks the savings of any energy project by enabling users to apply their own custom specifications whether these variables are already implemented or are being evaluated. Additional features include:
- Tracking a project’s savings over the course of the equipment’s life
- Utilizing MACH’s normalized baseline, or provide a custom baseline
- “What if” project justification with the calculation of annualized savings, payback period and return on investment (ROI)
- Portfolio view to analyze projects across buildings
- Adjusting savings for capital costs and rebate incentive programs
- Automatic email reporting at user configurable frequencies support a range of different stakeholders
- Provides approachable executive level reports with analysis and visualizations
The M&V solution is based on a number of standards that define savings projections and the measurement and verification process. These include ASHRAE Guideline 14, International Performance Measurement & Verification Protocol (IPMVP), and the Department of Energy’s Measurement and Verification Guidelines.
About MACH Energy
MACH Energy Inc. is a leading provider of CRETech energy management solutions for commercial real estate property managers, operators, engineers, and owners. With some of the nation’s most iconic buildings under management, MACH counts hundreds of commercial, REIT, hotel and corporate building owners as customers encompassing over half a billion square feet of properties across the country.