AI-powered energy optimization: transforming older buildings for sustainability

Myrspoven is reducing CO2 emissions in the real estate sector by optimizing older buildings with AI. Partnering with Revelop, they extend the life of existing properties, cutting energy use by 15-40%. This sustainable approach offers significant cost savings and a rapid return on investment, making a real impact on the global carbon footprint of real estate.

With approximately 40% of global CO2 emissions stemming from the real estate industry, it’s clear that sustainable solutions are urgently needed. Myrspoven, a Swedish impact company, is addressing this challenge by using advanced AI technology to optimize building systems for electricity, heating, cooling, and ventilation. Their vision is bold: to reduce the global real estate industry’s carbon footprint by 1%.

Revelop, a forward-thinking real estate company, shares Myrspoven’s commitment to sustainability. Their approach is to renovate and extend the life of older buildings rather than relying on new construction. This strategy reduces resource consumption while delivering economic, ecological, and social benefits.

“We often describe our work as turning old, forgotten brown buildings into green spaces,” says Calle Henriksson, Head of Proptech & Digitalization at Revelop. This method not only preserves resources but, when considering the full lifecycle of a building, can often surpass the environmental benefits of constructing new, energy-efficient buildings.

Significant energy and cost savings with AI

To meet today’s stringent sustainability requirements, optimizing energy use is essential. Revelop achieves this by integrating Myrspoven’s myCoreAI solution. By collecting data from various sources, including building control systems, weather forecasts, and indoor conditions, myCoreAI learns how a building reacts to different factors and continuously adjusts energy usage to optimize efficiency.

But Myrspoven’s AI doesn’t just reduce energy consumption; it also smartly shifts when energy is used. By heating buildings when electricity prices are lower, the system provides significant cost savings without affecting indoor comfort. As Elin Allison, CCO at Myrspoven, explains:

“Buildings are excellent at retaining heat, so heating during off-peak hours helps reduce costs and supports the energy grid.”

Proven results: energy savings and rapid payback

The impact is clear: Revelop has seen energy reductions of 15-40% in buildings where myCoreAI has been active for just two years. As the AI continues to learn and adapt, the results improve even further; the investment in myCoreAI is not only environmentally sound but also financially rewarding.

“You can expect a full return on investment within 1-1.5 years,” Calle Henriksson says.

Myrspoven is transforming the future of real estate, one building at a time, helping companies like Revelop lead the way toward a more sustainable world.