Kontrol Technologies adds Advanced Natural Gas and Hydronic Energy Applications to its SmartSuite Technology Platform Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) ("Kontrol" or the "Company"), a leader in smart building technologies, advances its SmartSuite energy management technology for integration with natural gas and hydronic heating sources for buildings.
"Our SmartSuite technology platform continues to evolve to serve the needs of our customers,” said Paul Ghezzi, CEO of Kontrol Technologies. “Historically, we have focused on electric base board heating, which is often a high source of energy waste if not fully automated and controlled. Through SmartSuite’s integration with natural gas and hydronic energy sources, we are providing our customers with the advanced solutions they require to reduce energy waste and corresponding GHG emissions within individual suites and buildings. Given the increase in the cost of natural gas and electricity our technology solutions are well positioned to continue to scale across North America.”
Technology Payback and Portfolio Advantage
A Kontrol SmartSuite customer will typically evaluate the technology on a payback model. Historically, SmartSuite has been able to generate a 3-year or less payback, driven by energy and operational savings.
SmartSuite’s proprietary software can manage, analyze, and report all suites and all buildings on one unified and simple dashboard. This allows customers to manage entire portfolios in the cloud and identify best to worst performing suites or buildings in real-time.
“Because SmartSuite does not require a hard-wire installation and operates with a proprietary mesh network in each building, we have the ability to offer a more streamlined installation and scaling proposition to our customers. In addition, creating value through the monetization of carbon credits can deliver a new recurring revenue source to Kontrol as well as to our partner customers,” concluded Ghezzi.
GHG Emission Reduction Targets
Based on target installations of an additional 600 buildings over the next 3 years, SmartSuite can deliver up to 300 million in kilowatt hour energy savings and up to 400,000 tonnes of GHG emission reductions (or 400-million-kilogram equivalent). SmartSuite operates by automating heat sources and air conditioning sources with various real-time in-suite sensors to eliminate energy waste, optimize energy performance and reduce emissions.
source: www.epa.gov
The Importance of Carbon Offsets to drive lower GHG emissions
Carbon emitters can offset their unavoidable emissions by purchasing carbon credits emitted by projects that are targeted at removing or reducing GHG from the atmosphere. Companies can participate in the voluntary carbon market either individually or as part of an industry-wide program.
While compliance markets are currently limited to carbon credits from a specific region, voluntary carbon credits are significantly more fluid, and less constrained by boundaries set by nation-states. They also have the potential to be accessed by every sector of the economy instead of a limited number of industries.
According to S&P Global Platts’ CEC assessments, the spot market is variable for specific vintages and for delivery of carbon credits. In the current year and most recently has reached $40 USD per metric ton of carbon dioxide equivalent (mtCO2e).