Latest news with #ElizabethParks
Hospitality Net
17 hours ago
- Business
- Hospitality Net
Nomadix Launches Energy Management Solution to Reduce Properties' Operational Expenses and Enhance Sustainability
PLANO, Texas – June 9, 2025 —Nomadix® Inc., bringing connected experiences to life, today announced its new Nomadix Energy Management Solution that addresses the market need to reduce operational costs and reach sustainability goals. The Nomadix solution is one of the lowest cost-of-ownership offerings on the market, while also achieving a quick return on investment (ROI). Energy management systems (EMS) are high-impact investments that deliver proven value and a measurable ROI. In fact, for the hospitality and lodging industry, Energy Star's findings for heating and cooling show that 'EMS can enhance guest comfort while reducing energy costs by 35 to 45 percent.' Additionally, MDU properties, including military housing, senior living, and student accommodation, can expect OPEX savings up to 20 percent when implementing smart home devices such as EMS, according to Parks Associates research study, Smart Properties: the Value of IoT for MDUs. "Smart thermostats and energy management systems reflect what today's residents expect—simple, intuitive technology that delivers real value. They help reduce costs and support a more connected, responsive living experience,' said Elizabeth Parks, President of Parks Associates. 'Nomadix leveraged its expertise in digital security and cloud technologies to create an energy management solution that addresses many industry pain points for hotels,' said Jeff Johns, global vice president of EMS business development at Nomadix. 'The Nomadix Energy Management Solution targets the high cost of networking by eliminating extra on-premises equipment and extra networks that make these systems more complex to deploy and maintain.' 'In today's economic climate, multifamily owners and operators are focused on operational efficiencies,' said Sandy Jack, vice president of strategic relations - Multifamily at Nomadix and Vingcard. 'An EMS platform is one of the most effective investments to reduce costs and increase asset value.' Effective energy management is critical to enable properties to reduce power usage, combat rising utility costs and support sustainability goals, while simultaneously not adding complexity and labor requirements for staff. Compared to legacy energy systems that typically are more complicated, costly and often use offline thermostats, Nomadix prioritizes a digitally secure, cloud-native architecture that leverages existing IT infrastructure and eliminates the need for on-premise servers, extra hardware and proprietary networks to manage. Below are the highlights of the Nomadix Energy Management Solution: A modern thermostat with large, easy-to-use display and an HVAC controller that is securely connected to the Nomadix Cloud over the existing Wi-Fi infrastructure. Platform designed to meet energy efficiency building code requirements for hotels, multifamily, senior living and student housing projects. A cloud-native platform for centralized above-property device monitoring and control. It enables schedule and rule enforcement, over-the-air (OTA) firmware and setting updates, notifications, as well as analytics and reporting for smarter energy management. Dynamic controls from the Nomadix Cloud that can respond to changing conditions. This is done without the increased cost or complexity of storing this logic in the smart thermostat. Ability to leverage occupancy information through the property management system (PMS) and can optionally be expanded to deliver additional services. Modern smart wireless (Wi-Fi, Zigbee, BLE, NFC) thermostats and controllers that support connectivity with most HVAC systems and sensors, enabling efficient room-level energy control. Nomadix will showcase its new Energy Management Solution this week at Apartmentalize Las Vegas in booth #1466 and next week at HITEC Indianapolis in booth #3006. For more information, visit About Nomadix Nomadix, an ASSA ABLOY company, brings connected experiences to life. For over 25 years, Nomadix has been a trusted vendor to the world's largest brands, delivering powerful and personalized connectivity and digital engagement solutions designed with real people in mind. Providing the backbone of visitor-based networks and managed Wi-Fi to properties and venues of any size in over 150 countries, Nomadix enables companies to connect, manage and engage in ways that redefine their digital customer experiences, help them make better business decisions and increase customer lifetime value. For more information, visit Aubrey Coggins Director of Marketing
Business Wire
6 days ago
- Business
- Business Wire
Parks Associates and SmartRent Whitepaper Dissects the Multi-Billion Dollar Impact of Energy Savings in Multifamily
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- SmartRent, Inc. (NYSE: SMRT) ('SmartRent' or the 'Company'), the leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced the release of a Parks Associates whitepaper, Growing Multifamily Value Through Smart Energy Savings, conducted through a collaboration with SmartRent. The whitepaper highlights how multifamily communities have successfully reduced energy and water utility costs by nearly 20% through integrated smart technologies. As multifamily operators face escalating operational pressures, from rising expenses to stringent local ESG requirements, this whitepaper provides timely insights and actionable strategies for achieving substantial financial and operational efficiencies. "Through real-time monitoring and data insights, these systems enable property staff to manage energy usage more efficiently, reduce waste, and proactively manage maintenance needs before they become costly issues,' said Elizabeth Parks, President and CMO. The data-rich whitepaper shares actual utility decreases experienced by multifamily communities equipped with smart home packages. Data from a Parks Associates 2021 study found that properties expected smart devices to reduce the cost of energy and water utilities by 9%-12% on average. In the follow-up study in 2024, Parks Associates found that multifamily owners and operators reported a real reduction in energy and water costs of 18%-19%. On a broader spectrum, the American Council for an Energy Efficient Economy (ACEEE) reported that multifamily properties stand to save an estimated $3.4B in total utility costs (or 15%-30% annually) by adopting smarter energy strategies. Multifamily operators have reported direct operational savings ranging from hundreds of thousands to millions annually by reducing labor costs, improving disaster mitigation and lowering energy consumption. In addition to discussing the cost-saving improvements achieved through smart energy deployments, the whitepaper examines the evolution of smart technologies — from consumer-grade products to integrated IoT solutions and real-time dashboards. It details how innovations including smart thermostats, lighting and electrical outlets, humidity sensors, hubs and leak detectors, can reduce energy consumption, mitigate disaster-related damage and lower labor costs. The whitepaper also highlights the opportunity for multifamily owners and operators to improve NOI through streamlined operations and appeal to environmentally motivated renters and investors. 'Most people are aware of mainstream energy-saving solutions like smart thermostats, but this whitepaper lays out the often-untapped potential of a connected smart home ecosystem,' said Braeden Scheer, Vice President of Product Management for SmartRent. 'The ability to monitor and manage energy consumption across a community or entire portfolio, and leverage AI to refine energy practices, transforms utility spending into profound cost savings. Parks Associates does an exceptional job of punctuating the value of smart home initiatives and outlining the technology strategies that multifamily leaders should deploy to optimize property performance.' The whitepaper touches on the marketability of smart home implementations as a significant performance driver, as well. While many renters seek communities with a pool or fitness center, others prioritize energy efficiency and environmental responsibility. Likewise, multifamily investors value streamlined, sustainable processes and their NOI-generating potential. As the whitepaper dissects at length, a proactive approach to energy management paints communities in a favorable light. Multifamily communities are currently navigating significant market pressures, including rising energy prices, shifting rental demand and increasing state-level ESG reporting requirements. There has never been a more critical time to adopt smart energy solutions. The whitepaper emphasizes how strategic investment in integrated IoT platforms helps multifamily operators streamline compliance, enhance property appeal, and significantly boost operational performance. 'Connected technologies in today's multifamily market are no longer a luxury—they're an operational necessity. Through real-time monitoring and data insights, these systems enable property staff to manage energy usage more efficiently, reduce waste, and proactively manage maintenance needs before they become costly issues,' said Elizabeth Parks, President and CMO, Parks Associates. 'In addition, residents increasingly expect smart, sustainable living environments where comfort, control, and transparency are built in. Meeting these expectations increases tenant satisfaction and drives operational savings and eco-friendly responsibility across the lifetime of the property.' The benefits of energy efficiency in multifamily go well beyond utility savings. Understanding the opportunities afforded though connected smart home technologies is critical and laid out clearly by Parks Associates. To learn how your multifamily property can leverage these insights to immediately reduce expenses, boost NOI, and maintain compliance, download your complimentary copy of the whitepaper, Growing Multifamily Value Through Smart Energy Savings. To learn more about SmartRent, visit About SmartRent Founded in 2017, SmartRent, Inc. (NYSE: SMRT) is a leading provider of smart communities solutions and smart operations solutions to the rental housing industry. SmartRent's end-to-end enterprise ecosystem powers smarter living and working in rental housing by automating operations, protecting assets, reducing energy consumption, enhancing the resident experience and more. The Company's differentiators - purpose-built software and hardware, and end-to-end implementation and support - create an exceptional experience, with 15 of the top 20 multifamily operators and millions of users leveraging SMRT solutions daily. For more information, please visit
