Retail Centre quickly achieved outstanding energy savings.

Executive Summary:

G City Europe, a leading real estate company, faced high energy costs and stringent ESG targets. By integrating myCoreAI, an advanced AI energy optimisation solution, they achieved significant energy and gas savings while maintaining tenant comfort. This case study explores the seamless integration, impressive results, and the potential for future scalability across their portfolio.

Client Background: 

• Client: G City Europe (Formerly Atrium European Real Estate)
• Location: Central Prague, CZ
• Installation date: November 2021
• Construction: Mostly Glass
• Building: 39,800 m² Shopping Centre & Offices

Challenges Faced:

Real estate owners, including G City Europe, prioritise reducing energy costs and carbon footprints. The company aimed to achieve significant energy savings and meet ESG targets focused on environmental sustainability, social responsibility, and governance.

Solution Provided:

G City Europe selected myCoreAI for its hardware-free, quick setup to optimise energy usage in their Atrium Flora building. The AI integrates with the Building Management System (BMS) and uses sensor data to optimise the indoor climate efficiently.

Implementation Process:

• November 2021: Integration began
• December 2021: AI algorithm training
• Mid-January 2022: Energy optimisation commenced

myCoreAI operates autonomously, sending optimised signals to the BMS every 15 minutes, ensuring minimal energy use while maintaining comfort.

Results Achieved:

Client Testimonial:

“As a landlord, we face many challenges in today’s energy environment, particularly because of the high cost of energy, especially natural gas. At the same time, we have to keep operating expenses within acceptable ranges for our clients while maintaining a certain level of comfort in our buildings.

We set our ESG targets a couple of years ago, and one of them is reducing our energy consumption by 25% in 2025 compared to 2019. These are very challenging targets; therefore, we are constantly investing in improving our buildings and their equipment to lower energy consumption as much as possible.

So far, nine months into the pilot, we have achieved impressive savings in energy and natural gas consumption, while the indoor comfort in the building has not been compromised. And this building is complex since we have two different types of tenants, both office and retail, who don’t have the same requirements in terms of indoor climate, but myCoreAI handles that very well.

The integration into our existing BMS was fairly easy for us as a customer since no hardware was needed, and I think it took only about a month to have it all up and running. We are planning to continue with myCoreAI at Flora mall in Prague and potentially extend our cooperation to other buildings in our portfolio.”

Ondřej Jirák – COO (CZ/SK) at G City Europe

Conclusion:

myCoreAI has proven to be an effective solution for G City Europe, offering significant energy and cost savings while supporting their ESG goals. Atrium Flora’s success is just the beginning, with plans to scale this solution across their entire portfolio.