Company: IES
Founder: Don McLean
Website: https://www.iesve.com/
About IES
Formed in 1994, Glasgow-headquartered IES is an innovator in sustainable performance analytics for the built environment. The global climate tech company offers virtual environment technology and consulting services across 13 countries and has the largest building physics analytics team in the world.
IES recently announced that it will receive a strategic investment from the Apax Global Impact Fund, advised by Apax Partners LLP (“Apax”), in a move that is set to accelerate the company’s growth and more rapidly achieve its mission to decarbonise the world’s buildings.
With buildings responsible for almost two-fifths of global energy-related carbon emissions, decarbonising the built environment would contribute significantly to combatting climate change. IES technology facilitates cross-team collaboration between architects, engineers, and contractors to help professionals understand the impact of their buildings, facilities, towns, cities, and places, and uncover hidden cost, energy, and carbon savings. IES tech provides data to inform decisions about investments, operations, and refurbishment throughout a building’s entire lifecycle, from design to operation.
Digital twin modelling is a key facet of IES’ work. The business develops digital twins which are fully scalable, from a single building to an entire city. Following the release of its ‘Sleeping Digital Twins’ white paper, which pioneered the concept of ‘reawakening’ pre-existing 3D design, energy compliance, or BIM models developed in a building’s design stages for use in whole-life building performance modelling, IES recently launched IES Live. The tool is an industry-first, supporting organisation to deploy digital twins on existing buildings, evaluate performance, and access intel to optimise future operations.
To date, IES technology has helped to improve over 1.5 million buildings across the globe, including the likes of Heathrow’s Terminal 5 and the Dubai Opera House. While cost and carbon savings vary from project to project, using IES technology, organisations have been able to better understand their buildings’ performance and make more environmentally and financially savvy decisions for the future.
For example, IES facilitated data monitoring and analysis at the Riverside Museum, Glasgow, uncovering zero or low-cost energy-saving interventions to achieve savings of £52.3k per year. The company also provided monitoring-based commissioning services for 1 George’s Quay, Dublin, to optimise operational performance and uncover savings for the office building. This work resulted in total projected annual energy cost savings of up to €108K and total projected annual carbon savings of up to 302 tonnes of C02 per year.
Some of the biggest challenges which IES has had to overcome are misconceptions and disinformation around climate tech and digital twins. Many people are aware of the scale and urgency of the climate emergency, and the business regularly meets organisations across sectors which want to make a genuine, meaningful intervention while saving money. But the challenge for many businesses is knowing where to start and how to go about this. IES plays a critical role in communicating the art of the possible to organisations embarking on their net zero journey, providing the data to help them create and mobilise a roadmap to meet their targets.
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