Cooling systems play a vital role in our daily lives but also contribute to climate change – building heating, cooling and lighting systems alone account for 28% of global CO2 emissions, according to the World Green Building Council. In Singapore, buildings are a source of 20% of the country’s carbon emissions.
Rising construction demand requires a more efficient and environmentally conscious cooling solution. The demand for cooling is expected to triple in the next 30 years. Building owners must focus on using a sustainable option, such as Cooling as a Service (CaaS), to meet this challenge.
But, what is Cooling as a Service?
With Cooling-as-a-Service (CaaS), building operators can bring a comfortable temperature for occupants inside the building without purchasing and managing a cooling system. The servitization business model improves efficiency and environmental friendliness in cooling needs while also cutting operational costs for building owners.
Cooling-as-a-Service (CaaS) offers building operators a more convenient option through its pay-as-you-use model. With a CaaS agreement, the provider selects and maintains a sustainable cooling system for the building operator. The provider handles any necessary changes or updates, providing building operators with seamless access to updated equipment. Building operators only need to set the desired temperature and pay for cooling as they use it, making it a straightforward and environmentally conscious solution.
How does it work?
Cooling-as-a-Service (CaaS) offers a greener solution for a commercial cooling system by leveraging data, analytics, and AI to improve efficiency. Conventional building cooling systems rely on hardware instead of advanced technology, leading to suboptimal temperature control and comfort.
Cooling-as-a-Service (CaaS) providers offer cutting-edge and eco-friendly cooling systems to their clients. Building owners can opt for a solar-powered chiller plant with AI technology or a chiller plant utilizing recycled water. Water-cooled chiller plants are ideal for a range of buildings, including data centers, shopping malls, manufacturing facilities, offices, campuses, and community spaces.
Why should building owners choose CaaS?
Choosing a conventional centralized cooling system can be expensive, with the cost and responsibility of acquisition, setup, and operation falling on building owners. Maintenance or repairs may also require hiring additional contractors. Project tasks are frequently divided among multiple contractors, leading to difficulties in assigning total responsibility for system performance. No single contractor can be fully accountable. Additionally, businesses often overlook costly efficiency upgrades for the cooling system due to cost concerns.
On the other hand, CaaS offers the convenience you need. It eliminates the need for building operators to purchase and manage cooling equipment, freeing up time and resources. It also offers better sustainability through advanced technology.
Cooling-as-a-Service (CaaS) offers an innovative and environmentally friendly approach to cooling buildings, helping reduce energy consumption and its impact on the planet. Currently, the energy demand for cooling systems accounts for 10% of the world’s electricity use. But, if current practices and technologies persist, Southeast Asia alone is projected to consume 30% of the region’s peak energy levels for air-conditioning by 2040. By choosing CaaS, building owners can access cutting-edge and sustainable cooling solutions, making a positive impact on individuals, businesses and the environment.