February 2019 |
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Wells Fargo Innovation Incubator Announces Completion of J2 Innovations Project
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Results of project indicate potential of automated commissioning in commercial buildings
DENVER (Jan. 29, 2019) — The Wells Fargo Innovation Incubator (IN2), a
technology incubator and platform funded by the Wells Fargo
Foundation and co-administered by the National Renewable Energy
Laboratory (NREL), today announced the conclusion of a joint project
with J2 Innovations, a leading software framework provider for building
automation and IoT. The project resulted in the advancement of J2
Innovation’s technology designed to reduce the energy impact on the
built environment.
Together, J2 Innovations and IN2 collaborated on prototyping a
potential fault detection and diagnostics (FDD) application for the FIN
Framework. J2’s FIN (Fluid INtegration) Framework is a software
solution to operate, monitor, and control equipment for commercial
buildings. NREL researchers provided guidance and advanced sequences
that run on J2’s technology, to enable a greater number of buildings to
benefit from advanced applications that create sustainable energy
savings.
J2 Innovations technology allows original equipment manufacturers
(OEMs) to speed their time-to-market, system integrators to reduce
labor and time required to design and commission building automation
systems, and building owners and facility managers to save operating
and energy costs.
Earlier this year, J2 Innovations was acquired by Siemens Building
Technologies. Siemens is a great example of OEM companies that J2
Innovations has helped bring new products to market faster. FIN is used
in more than 20 countries with thousands of installations globally.
About the Wells Fargo Innovation Incubator (IN2)
[an error occurred while processing this directive]IN2
is a $30 million clean-technology incubator and platform funded by the
Wells Fargo Foundation. Co-administered by and housed at the National
Renewable Energy Laboratory (NREL) in Golden, Colorado, IN2’s mission
is to speed the path to market for early-stage, clean-technology
entrepreneurs. Companies selected for participation in the program
receive up to $250,000 in non-dilutive funding from Wells Fargo,
technical support and validation from experts at NREL’s facilities, and
the opportunity to beta-test at a Wells Fargo facility or with a
strategic program partner. Launched in 2014 with an initial focus on
supporting scalable solutions to reduce the energy impact of commercial
buildings, IN2 expanded its focus in 2018 to support innovation in
sectors such as transportation, food systems, energy storage, and
others with the ultimate goal of fostering smart and connected
communities of the future.
About J2 Innovations
J2 Innovations is a technology leader in building and IoT related
software. With its powerful and open FIN framework software, users can
operate, monitor and control equipment and automation systems in small
to large buildings. J2 provides its software framework to OEMs, system
integrators, resellers, installers, and end-users. This means FIN
Framework can be found in the software systems of many leading players
in the building automation market.
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