Encycle expands its Swarm Logic® technology offering to include HVAC system optimization for commercial building heating
SAN MARCOS, Calif., October 18, 2021 – Encycle Corporation, a software technology company focused on helping commercial and industrial customers dramatically improve the efficiency of their HVAC systems and energy efficiency programs using IoT-enabled services, is pleased to announce the expansion of its SwarmLogic™energy management technology to the heating side of HVAC system optimization.
Swarm Logic deployed on cooling systems has been the mainstay of Encycle's autonomous Energy-as-a-Service (EaaS) offering until now. The development and testing of Swarm Logic for heating has been underway for over a year. Its unveiling comes at an opportunistic time for Encycle's current and potential customers who, like everyone else, are bracing for exponentially higher electric and gas utility bills this heating season, with natural gas prices jumping 112% since January 2021. The alarming price increase will directly affect customers with gas-fired furnaces and electric heating customers whose electricity is supplied by gas-fired power plants.
"Facing the burden of much higher heating bills this winter, companies already struggling from the economic and labor effects of the Covid-19 pandemic now have a new financial threat to contend with," said Steve Alexander, Encycle President and COO. "With HVAC accounting for as much as 40% of a building's overall energy consumption and spend, customers will be scrambling to find new opportunities to reduce peak demand and consumption," Alexander added. "Swarm Logic provides a compelling and low-risk solution, requiring little to no capital expenditures and delivering 2X to 5X returns on program fees almost immediately after deployment."
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