Although we rely on cooling for many aspects of our lives, it’s important to be mindful that these same technologies contribute significantly to climate change. In fact, the World Green Building Council found that buildings account for 28% of global CO2 emissions from heating, cooling, and lighting infrastructures. This number is especially high in Singapore, where buildings make up more than 20% of total carbon emissions.
In the next 30 years, the demand for cooling is projected to triple due to construction booms. With this anticipated increase, it’s now more important than ever for building owners to consider a smart and sustainable cooling solution like Cooling as a Service (CaaS).
What is Cooling as a Service (CaaS)?
CaaS is an emerging approach for building operators to provide cooling indoors without purchasing, installing, and maintaining the cooling system needed. The servitization approach to cooling is beneficial for building owners because it means less operational costs and more efficient cooling.
With the CaaS model, building operators don’t have to stress about their cooling system’s performance like they would if they entered into a district cooling agreement. The CaaS provider will take care of every detail and make sure it meets sustainability goals—all while using easy-to-conserved resources. And all building owners have to do is tell the service provider the desired temperature and pay the invoice on a pay-as-you-use basis! Could it be any simpler?
How CaaS delivers sustainability to cooling
CaaS is a more efficient and environmentally friendly option for a building cooling system. It uses data, analytics and artificial intelligence (AI) to get the most out of a cooling system’s efficiency. Real-time monitoring and control reduces energy wastage and also delivers optimal indoor experiences that can adapt to changing conditions – features which are very difficult to achieve with traditional district cooling systems since those systems mostly focus on hardware.
CaaS providers also could install AI-powered chiller plants that utilize 100% solar energy to supply cooling for many types of buildings, including data centers, retail stores, factories, offices and educational institutions.
CaaS providers could also use a water-cooled chiller plant system to help building owners achieve their sustainability goals, not just solar-powered cooling systems.
The benefits of CaaS over other centralised cooling systems
Generally, the expensive centralised cooling system is the responsibility of building owners to purchase, install and run. Furthermore, they often have to hire separate contractors for repairs or upkeep.
Because different contractors are working on separate parts of a project, and each is only responsible for their own equipment, it’s difficult to hold anyone accountable for the system’s performance. Also, usually, sustainability improvements that would make the cooling system more efficient cost a lot of money, so they’re not often a priority.
CaaS for a better cooling
It’s crucial that we’re always on the lookout for more efficient ways to conserve energy, as this is vital for leading sustainable lives and protecting our environment for future generations. This is where Cooling-as-a-Service comes in.
If building owners do not focus on clean and efficient cooling methods, the world will experience an unprecedented increase in electricity consumption and climate disaster.
CaaS provides an environmentally friendly solution to cooling that is clean and innovative. It changes how we cool buildings while significantly reducing our environmental impact. This will assist not only businesses but also individuals and help preserve the planet.