Smart Buildings Save Up to €14 Billion, €230 Per Capita Per Year

Smart buildings not only represent an investment in efficiency but, according to the Community Smart Building Strategic Report prepared by The European House-Ambrosetti, would save up to €14 billion, or 20-22 percent of Italian household bills in 2022 for a gain of about €230 net per capita.

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Research findings

The report shows that the construction of smart buildings would benefit the environment from several points of view: energy consumption would be reduced by 20-24%, water consumption by 4-5%, and emissions from the construction of smart homes would be reduced by 19-28%. Every year, therefore, each individual would come to save about €230 net. Easy to say but hard to do because if investing in the conversion and renovation of buildings represents, in the near future, an important opportunity to reach the European decarbonization goals, Italy is still far off.

In fact, more than half of Italy’s buildings (56 percent) turn out to be energy class “F” and “G,” which consume a large amount of energy. “Italy boasts excellent competencies in the extended Smart Building value chain (e.g., for construction, design, electrical equipment, etc.),” comments Lorenzo Tavazzi, partner at The European House – Ambrosetti and head of the Smart Building Community.

“This development can represent a very important industrial and competitiveness opportunity for our country. However, to foster this ‘revolution’ it is necessary to identify associated standards so that we can establish an unambiguous definition of Smart Building and a balanced, long-term model of investment support with integrated and coordinated governance of policy competencies.”

Which technologies to deploy for smart buildings

An estimated 120 smart technologies were estimated to be deployed for efficient and smart transformation from digital and management applications to Building Management Systems: from integration and control platforms to security to air conditioning to lighting to energy production and water management. Specifically, smart buildings rely on technologies such as Building Management Systems (BMS) and digital and management applications that, through integration and control platforms, are able to interact and integrate with technologies and products within the building.

These include energy generation and distribution systems, connectivity, cooling and heating, security, water resource management, lighting, comfort and well-being, sensors and actuators, elevators, and smart meters. But to put this virtuous process into action, The European House – Ambrosetti has identified 3 key strategies: setting standards to establish an unambiguous definition of “smart building,” developing an operating model for investment sustainability, and fostering industrial supply chains and innovation ecosystems.

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(Featured image by geralt via Pixabay)

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First published in StartupItalia, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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