GPT recorded a $717.7 million lift in values across its diverse portfolio of industrial estates, retail centres and office towers. The group renegotiated its fixed contract for electricity which ended last year, but overall costs rose about 42 per cent, an impost that was hard to pass on to tenants, Mr Johnston said. To offset the impact, GPT was boosting solar panels on the roofs of its vast malls and installing energy efficient lighting.
Worldwide spending on the technologies that enable Smart Cities initiatives is forecast to reach US$80 billion in 2018, according to the International Data Corporation (IDC). The strategic priorities that IDC believes will see the most spending in 2018 and throughout the forecast are intelligent transportation, data-driven public safety, and resilient energy and infrastructure.
The rise of the Internet of Things (IoT) is definitely pushing our technology to a new level. Now, we can combine LED lighting with sensing and data analyzing capabilities. All these bring the LED industry opportunities to connect with future technologies.
Digital Lumens, now owned by Osram, started out manufacturing hardware for smart industrial/ commercial lighting. It later also began to invent software, such as SiteWorx and LightRules, able to integrate with its own lighting fixtures to digitalize control and monitoring of light, sensors, and security cameras.
(Verce's take: in an interview with Alan Kohler, VIV CEO Sam Marks reported that in relation to the level of smarts, there was only one group out of Boston that had a similar business called Digital Lumens. Alan asked if VIV had encountered Digital Lumens in the field, and Sam reported that VIV had been successful "on all the times we’ve come up against them.")
The rapid growth of population in urban areas and the climate change has driven the world’s need for ESCOs.Well-known ESCOs include Johnson Controls and Honeywell in North America; Blue Star Limited and Development Environergy Services Limited (DESL) in India; China Energy Technology (CET) in China; and Siemens in Europe. They utilize different business models but aim at one goal—to complete energy optimization of buildings or facilities. Those optimizations are financed by energy savings generated during the process.
(Verce's take: in an interview with Alan Kohler, the VIV CEO noted that there were a number of global businesses they're working with in Australia that could take VIV global. One that he could probably talk about was a group called Honeywell out of the US.)
