Focus on Monaco: PropTech solutions to improve sustainable performance

Foreward

In today’s dynamic real estate landscape, the fusion of real estate technologies (PropTech) and environmental, social and governance (ESG) principles has become a key driver of sustainable development. It’s a subject close to the heart of the Principality of Monaco, which has made it one of its main areas of development. Monaco’s innovation-driven ecosystem encourages the research and development of solutions and technologies to meet the ambitions of an environmentally-friendly real estate sector.

In this chapter, we look at how Monegasque startups are working on the transformative potential of using PropTech to improve sustainability performance. From energy-efficient management systems to carbon impact management solutions, intelligent data and storage space optimization, the integration of PropTech tools offers real estate professionals a powerful arsenal for aligning their operations with sustainability goals. This symbiotic relationship not only fosters environmental responsibility but propels the real estate industry towards a future where innovation and sustainability go hand in hand, paving the way for a more resilient and responsible built environment.

Environmental and structural monitoring is emerging as one of the key challenges in the PropTech field. Due to the increasing complexity of issues related to new material of sophisticated structures as well as sustainability and environmental impact, real estate companies are faced with the need to implement high-tech monitoring systems. These technologies not only make it possible to meet current challenges linked to asset’s health, noise management or air quality, but also to anticipate and adapt to future developments in environmental and technical standards.

The recent development of new technologies and Data allow us to provide simple and unique intelligent solutions meeting the environmental, health, safety, productivity and sustainability challenges of the construction sector and infrastructure operators. UBY creates innovative services for worksites and infrastructure by harnessing the power of digital, technology and data. UBY stands out in a fast-growing market with solutions integrating powerful data analysis algorithms, advanced digital platforms, and patented sensors.

From 2019, the Principality of Monaco chose to integrate the technologies developed by UBY for monitoring the project “Îlot Pasteur”. Monaco is a territory with a high urban density and monitoring noise and traffic congestion linked to construction sites are priorities for the Public Works Department. To meet these requirements for measuring and identifying the noise sources, UBY equipped the site with sensors incorporating a patented noise source recognition algorithm as well as a 360° acoustic camera. To monitor traffic jams around the site, UBY supplemented the monitoring system with cameras alerting the Public Works Department when traffic jams form on priority roads.

Connected to the UBY Environment SaaS platform, the sensors make it possible to precisely identify the origin of the noise source, locate it in an area of the construction site and visualize it on camera image. Traffic jams alerts with images are sent directly to the platform and allow rapid intervention when construction site operations impact traffic in the Principality.

The technologies embedded by the sensors and the UBY platform allow efficient and automated control of the project “Îlot Pasteur”, thus improving its acceptance by local residents.

The PropTech industry is grappling with a significant challenge: buildings are responsible for approximately 42% of global carbon emissions. This encompasses all phases from construction and retrofitting to operation. The complexity of these processes poses a considerable hurdle for companies aiming to reduce their carbon footprint in a costeffective manner. Despite the urgency to act on climate change, the economic viability of implementing sustainable practices remains a daunting obstacle for many organizations.

Net0’s solution empowers businesses to navigate the complexities of carbon emissions management with a singular, powerful AI-driven approach:

Net0’s AI technology excels in capturing and organizing emissions data from diverse, unstructured sources across the entire lifecycle of buildings. This methodical collection and analysis allow for granular, precise emissions measurement, enabling businesses to identify specific areas for improvement accurately. Leveraging this detailed insight, the platform not only measures but also guides strategic decarbonization efforts, recommending operational enhancements and connecting companies with eco-friendly vendors. The integration of comprehensive data aggregation with actionable intelligence facilitates a seamless transition towards sustainable practices, supported by economic incentives that make green initiatives a financially viable choice for the partners.

Net0 is an AI-driven carbon management platform, uniquely designed to assist businesses in effectively measuring and reducing their carbon footprint. The software specializes in providing a powerful ecosystem of solutions for tracking and managing carbon emissions, leveraging advanced AI to automate and streamline this complex process. Additionally, Net0 focuses on empowering businesses to make informed decisions that lead to meaningful reductions in carbon emissions, aligning with global sustainability goals.

Renowned for its precision and efficiency, Net0 is a preferred choice for several Fortune 500 companies and governments around the world. Through Net0, organizations can meet regulatory and environmental standards while enhancing their economic performance, showcasing the synergy between ecological responsibility and financial success.

We can find an electrical switchboard in each single building in the world. It is strategically located at the heart of the building’s electricity consumption and yet its potential is limited by a 50 years old technology of mechanical circuits breakers.

Oghji is a new generation of electrical switchboard which natively integrates – at each circuit level :

• Safety against short circuits and electrocutions
• Accurate real time monitoring
• Alerts in case of electrical incident or unsual consumption
• Consumption analysis
• Programming based on presence in the building, time of the day, electricity fee period for effortless energy savings
• Automatic temporary load shedding of low priority circuits to avoid bypassing subscribed power

And all this is controlled through a touch screen which replaces the traditional circuit breakers, or remotly via an app.

Knowing that consumption monitoring alone allows reaching up to 15% savings, we aim for oghji to go even further than that.

We will roll-out a first batch of the oghji boards by the end of 2024 and we would like to experiment them in an eco-district of the Principality, in collaboration with the SMEG (Monégasque Electricity and Gaz company) and the MTE (the Government team in charge of the Energy Transition program).

Thanks to its connectivity, oghji will allow to report on the electricity consumption globally and by main usages for informed decision making.