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Smart Energy Management Platform for Real Estate with IoT Integration and Monetization Strategy
  1. case
  2. Smart Energy Management Platform for Real Estate with IoT Integration and Monetization Strategy

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Smart Energy Management Platform for Real Estate with IoT Integration and Monetization Strategy

yalantis
Real estate
Energy & natural resources
Environmental Services

Energy Consumption Challenges in Real Estate Properties

The client faced increasing energy costs due to HVAC systems operating nonstop, limited visibility into device energy consumption patterns, and a need for scalable solutions to monitor and optimize electricity usage across multiple properties while maintaining tenant data security.

About the Client

A real estate company specializing in residential buildings, hotels, and tourist infrastructure across Europe

Project Goals for Energy Optimization and Monetization

  • Reduce overall energy consumption across properties through IoT-enabled monitoring
  • Expand IoT device ecosystem to include thermostats, occupancy sensors, and CO2 detectors
  • Enhance Tuya IoT platform functionality with real-time energy analytics
  • Develop a subscription-based monetization model for the solution

Core System Functionalities and Features

  • Real-time energy consumption tracking for device groups
  • Smart thermostat and occupancy sensor integration
  • CO2 emission monitoring and alerts
  • Automated overconsumption warnings
  • Subscription management system for B2B distribution

Technology Stack Requirements

Node.js backend
React.js frontend
AWS CloudFront (GDPR-compliant)
Terraform for infrastructure
Retool for admin panels

External System Integrations

  • Tuya IoT platform API
  • Predictive machine learning models
  • Third-party subscription billing services

Non-Functional Requirements

  • Horizontal scalability for growing device networks
  • Low-latency data processing
  • GDPR-compliant data security measures
  • Cross-platform responsive UI
  • Disaster recovery infrastructure

Expected Business Impact of Energy Management Solution

The solution is expected to reduce energy costs by 20-30% through optimized HVAC usage, create new revenue streams via B2B subscriptions, enhance property value through sustainability metrics, and position the client as an industry leader in energy-efficient real estate solutions while maintaining strict data compliance standards.

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