Phoenix Energy Technologies Revolutionizes Asset Management Practices with Asset Manager: The Ultimate Solution for Condition-Based Asset Management for HVAC and Refrigeration Equipment in Multi-Site, Commercial Buildings

Introducing Asset Manager – a comprehensive solution that leverages Phoenix’s data acquisition and aggregation capabilities to provide predictive analytics and asset condition-based insights that transform current asset management practices for commercial enterprises

Phoenix Energy Technologies proudly announces the launch of Asset Manager™, an innovative solution designed to revolutionize how enterprises manage energy-intensive assets in their facilities. Asset Manager is powered by EnterpriseDX®, Phoenix’s platform designed to provide data ingestion, aggregation and normalization capabilities, and integrates predictive analytics with real-time insights, enabling organizations to optimize asset performance based on its trending condition to make data-driven decisions for preventative maintenance (PMs), repairs, and capital replacement.

Asset Manager was developed with years of customer feedback and with the vision of leveraging real-time and historical asset condition data to make better decisions as opposed to the status quo of calendar-based PMs and asset replacement schedules, and a break-fix approach to repairs. Asset Manager deploys predictive analytics applied to data, aggregated, and organized from a diverse set of sources to enable smarter decisions around how assets are managed, serviced, and retired. By combining continuous data acquisition, intuitive alarm management for exception identification, advanced reporting, and mobile workforce tools, Asset Manager allows enterprises to proactively assess and manage thousands of buildings and assets, ensuring maximum efficiency and minimal downtime. Asset Manager supplements existing asset management processes and tools with nuanced insights from observed equipment performance to complement organizations’ current asset management practices.

As more IoT devices become digitized, such as energy assets (building automation systems, sensors, energy meters and EVSE), coupled with the centralization of repair and maintenance records, ERP/POS, and lease data, organizations face the challenge of extracting meaningful insights from these disparate sources. Building a data lake is an achievement but the value is in what you do with the data. Traditional asset management approaches often fall short in providing actionable intelligence and defendable ROI, typically relying on asset age and calendars to govern preventative maintenance and asset replacement workflows. Worse yet, many organizations lack insights into assets that are trending toward failure, resulting in emergency repairs and business interruption. Asset Manager addresses these issues by leveraging data from these types of connected devices to build a custom asset health scoring system -- HVAC IQ™ Score -- that alerts facility personnel to growing health issues and can automate common activities like opening repair tickets in CMMS platforms to ensure service technicians address units needing the most immediate attention. Further, Asset Manager puts data in the hands of technicians with Technician View™, enabling users to view asset health metrics and telemetry on any mobile device. Additionally, Asset Manager’s HVAC IQ module is enhanced by data from Phoenix’s partner Specifix Data, Inc., who provides proprietary, on-demand, enterprise-scale HVAC asset specification metadata and data enrichment. By combining condition-based asset data with rich OEM asset data such as asset age and refrigerant type, Phoenix can provide a highly differentiated asset replacement recommendation engine.

“Phoenix has planned to bring an asset management toolkit to market for several years. We have the real-time and historical asset data and the organizational expertise to interpret the patterns we see in the data. Offering our customers a better way to manage preventative maintenance, repairs, and asset replacement felt like a natural addition to our platform and we are excited to roll out Asset Manager to our customers, many of whom helped us refine the offering,” stated Ryan Adelman, CEO of Phoenix Energy Technologies.

Key Features:

• HVAC IQ™: An advanced report that provides an “HVAC Health Score” for monitored assets. This customizable scoring tool helps users assess asset conditions and prioritize maintenance, and integrates seamlessly with Alarm Manager® for automated actions and notifications to prioritize troubleshooting.
• Alarm Manager®: A highly customizable module that builds alarms based on HVAC IQ data, enabling automated responses such as setpoint adjustments, alerts (email, text), and auto-ticket creation in CMMS platforms. This ensures timely resolutions for equipment with poor HVAC Health Scores.
• Technician View™: A mobile-optimized, web-based application offering real-time visibility into asset conditions and system settings such as setpoints, alarms, and communication status. Technician View enhances technician efficiency by providing mobile telemetry data, ensuring that the technician knows exactly which assets need repair and that the job was done correctly before closing the repair ticket leading to faster resolution and first-time fix.

Asset Manager™ is available starting today. To discover how Asset Manager can transform your asset management strategy, visit Asset Manager or contact info@phoenixet.com.

For enterprises looking to revolutionize their asset management, Asset Manager is the ideal solution. With its robust features and predictive analytics capabilities, Asset Manager provides unparalleled insights and control, ensuring efficient operations and strategic capital allocation.

About Phoenix Energy Technologies:

Phoenix Energy Technologies is pioneering the future of smart building management. Our mission is to transform global building management with advanced technology for unparalleled efficiency and sustainability.

Our flagship platform, EnterpriseDX®, exemplifies our commitment to innovation. By harnessing the power of artificial intelligence and sophisticated data integration, we provide unparalleled visibility and actionable insights that empower organizations to optimize equipment performance, enhance energy efficiency, and reduce operational costs.

We believe in leveraging technology to create a significant impact. Our solutions not only improve the comfort and functionality of facilities but also contribute to a more sustainable future by minimizing energy consumption, extending asset life, and maximizing return on investment.

As a leader in smart building analytics, Phoenix Energy Technologies is dedicated to pushing the boundaries of what is possible, driving intelligent decision-making, and enabling a future where every facility operates at its peak potential. For more information about Phoenix Energy Technologies, visit http://www.phoenixet.com.

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