Page 29 - Climate Control News magazine February 2023

Indoor Air Quality
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Humidity Control and Evaporative Cooling
Daikin vying for Venstar
DAIKIN COMFORT TECHNOLOGIES
North America has acquired Venstar, a promi- nent controls and energy management sys- tems provider.
Venstar’s technology and indoor comfort solutions are used in millions of residences and light commercial applications across the United States, Canada and Mexico.
The acquisition is worth an estimated $US101 million.
Venstar, founded in 1992 and based in Southern California, designs and builds a broad variety of innovative thermostats with more than 10 million installed.
The company’s Surveyor® Energy Management System allows retailers, restau- rant chains and other multi-location busi- nesses to remotely monitor, manage and control energy consumption while reducing maintenance expenses.
“SURVEYOR IS USED TO
CONTROL MORE THAN 100,000 HVAC SYSTEMS.”
Currently, Surveyor is used to control more than 100,000 HVAC systems and building lighting in more than 30,000 retail locations throughout North America. Venstar’s Skyport Cloud service provides businesses a secure and private powerful cloud service for com- mand and control of HVAC systems from anywhere in the world.
Venstar’s headquarters will remain in
California and Daikin plans to maintain the strong recognition of the Venstar brand, along with maintaining all of Venstar’s successfully branded products.
Daikin’s vice president of controls, Dennis Thoren, said smart thermostat and cloud ser- vice solutions represent the future of indoor comfort beyond controlling temperature and ventilation.
“Monitoring and controlling performance, indoor air quality, predictive maintenance, and optimising service truck logistics are just a few of the benefits that innovative thermo- stats and cloud-based services can provide contractors and customers,” he said.
“It’s an effective, easy way to manage energy consumption remotely, even eventu- ally collaborating with electric utilities to improve demand response. These are power- ful benefits that provide value to utilities, contractors and customers.”
“For example, Venstar's Surveyor typically saves small-box retailers 20 to 35 percent of their controlled energy costs. “This translates to tens of millions of dollars in savings each year and dramatic reductions in CO2 emissions.”
The acquisition is one of several Daikin has completed during the past few years as it works to transform the North American HVAC industry.
The $500 million Daikin Texas Technology Park (DTTP), located just northwest of Houston, now employs more than 7,000 peo- ple. At over 4 million square feet, DTTP is one of the largest manufacturing facilities in the world; 74 football fields can fit under its roof.
ABOVE: Venstar’s Surveyor Energy Management System.
CLIMATE CONTROL NEWS FEBRUARY 2023
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