First-of-a-kind program enables businesses to
optimize building air quality and energy efficiency through their
energy utility
CALGARY, AB, July 20, 2021 /CNW/ - mCloud Technologies
Corp. (TSXV: MCLD) (OTCQB: MCLDF) ("mCloud" or the
"Company"), a leading provider of AI-powered asset management and
Environmental, Social, and Governance ("ESG") solutions today
announced it is offering its AssetCare™️ solutions for HVAC and
indoor air quality ("IAQ") to small business customers of Con
Edison, the energy company that serves New York City and Westchester County, N.Y.
mCloud is a solutions provider in Con Edison's Business Energy
Pro program, which offers energy saving incentives to businesses
located on Staten Island and in
Westchester County. Business
Energy Pro is one of the first "pay-for-performance" incentive
programs in the country. Small businesses that participate
earn payments for measured energy savings over a multi-year
period.
mCloud will bring its full suite of IoT- and AI-powered
capabilities to drive meaningful energy savings and help businesses
ensure their buildings are compliant with state-mandated health and
safety regulations.
The AssetCare HVAC and IAQ solution uses AI to drive HVAC energy
efficiency improvements of up to 25% alongside continuous
visibility and active management of a building's ventilation system
and air purification technologies to ensure indoor building air is
healthy and safe for occupants at all times.
"Through Business Energy Pro, Con Edison is excited to offer an
innovative way for commercial customers to upgrade their equipment
to save money, make their workspaces safer and more comfortable for
employees and customers, and reduce emissions," said Dan Cooper, Senior Specialist for Energy
Efficiency and Demand Management, Con Edison.
"As businesses re-open to the public, customers and employees
alike are looking for assurance these establishments have taken
every possible precaution to provide a safe environment," said Dr.
Patrick O'Neill, mCloud's President,
Connected Buildings. "We want our program to help accelerate the
re-opening of New York and help
hundreds of small businesses realize operational savings through
reduced energy use and improve their revenue potential through the
delivery of enhanced IAQ to attract safety-conscious
customers."
Businesses interested in learning more about the Con Edison's
Business Energy Pro program and mCloud's AssetCare HVAC and IAQ
solution are invited to visit
https://utilities.mcloudcorp.com/coned-bep/ to learn more.
About mCloud Technologies Corp.
mCloud is unlocking the untapped potential of energy intensive
assets with AI and analytics, curbing energy waste, maximizing
energy production, and getting the most out of critical energy
infrastructure. Through mCloud's AI-powered AssetCare™ platform,
mCloud offers complete asset management solutions for commercial
buildings, renewable energy, healthcare, heavy industry, and
connected workers. IoT sensors bring data from connected assets
into the cloud, where AI and analytics are applied to maximize
their performance.
Headquartered in Calgary,
Canada with offices worldwide, the mCloud family includes an
ecosystem of operating subsidiaries that deliver high-performance
IoT, AI, 3D, and mobile capabilities to customers, all integrated
into AssetCare. With over 100 blue-chip customers and more than
59,000 assets connected in thousands of locations worldwide, mCloud
is changing the way energy assets are managed.
mCloud's common shares trade on the TSX Venture Exchange under
the symbol MCLD and on the OTCQB under the symbol MCLDF. mCloud's
convertible debentures trade on the TSX Venture Exchange under the
symbol MCLD.DB. For more information, visit
www.mcloudcorp.com.
SOURCE mCloud Technologies Corp.