2016: Measuring our Milestones
From welcoming our new CEO, Laila Partridge, to growing the WegoWise Team, 2016 has been a tremendous year. As we reach the milestone of 2 billion square feet tracked in our platform, we’ve got a lot to be thankful for. Here’s what’s topping our list:
1. Our customers. All those who are dedicated to improving the efficiency of buildings continually inspire us to improve our platform so we can advance our work and raise the bar. When it comes to creating new features to make our software easy to use, we couldn’t do it without their invaluable input and engagement.
2. The green building movement. The face of green building and efficiency standards is constantly advancing, making it hard to keep on top of the latest ways to take advantage of new programs and technology. We’ll give you a recap: recently Fannie Mae and Freddie Mac began offering reduced interest rates and higher loan proceeds to property owners to commit to making efficiency investments in multifamily buildings. On top of that, we found out that nearly half of U.S. renters are worried about rising utility costs and would be willing to pay more for units with energy-efficient features, according to Multifamily Executive.
Another program to keep an eye on: The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing is proposing regulations that would require HUD-Assistance and FHA Insured Multifamily Properties to benchmark and report to HUD energy and water utilities.
What’s a building owner to do? There are many ways to learn how to increase efficiency and reduce costs, including in-person events and trainings. In November, our CEO spoke at one such event, the Chicago Enterprise Sustainability Exchange, where she covered the benefits building owners and managers are seeking to achieve through green building, design, and ongoing operations.
WegoWise CEO Laila Partridge (center) speaking at the Chicago Enterprise Sustainability Exchange
3. Women in tech. We’re proud that our groundbreaking software platform is led by a groundbreaking woman, Laila Partridge. In fact, she recently topped the list of five women-led startups disrupting their worlds by RPRN Mag. What led her to become an entrepreneur in the first place? You can learn about that journey, the advice she gives to others in the startup community, and how she stays so productive from her interview with Women 2.0, the leading voice for women in tech.
When she’s not leading WegoWise to transform the built environment, you can find her speaking at events around the country, like Mass Innovation Nights, Fraunhofer’s TechBridge Innovation Showcase, and the Sixth Annual New Jersey Apartment Summit, inspiring fellow entrepreneurs and property managers alike.
WegoWise CEO Laila Partridge speaking at Fronhaufer’s TechBridge Innovation Showcase in Boston
4. The rising value of energy efficiency. Increasing the energy efficiency of multifamily buildings could save building owners and managers billions of dollars annually, so how can we get there?
A new report from the Institute for Market Transformation (IMT) outlines actions that can help stakeholders better analyze and use building performance data to create significant savings. Recently, our Founder & CTO, Barun Singh was able to spread that message as a panelist on IMT’s webinar, “Catalyzing Efficiency: Market-Rate Mutlifamily Owners”, where he discussed how to unlock asset value, uncover utility savings opportunities, and use efficiency performance data to attract tenants.
Energy efficiency can also help cities reach their Climate Change goals, with many implementing efficiency policies and mandatory benchmarking regulations as a way to curb carbon emissions. Route Fifty, which tracks state, county, and municipal government news, recently turned to WegoWise to learn how cities are accomplishing these goals and accelerating energy reduction through metrics and data.
If 2016 is any indication of what’s to come for WegoWise, energy efficiency, and women in technology, we can’t wait to see what 2017 has in store. Stay tuned!