Case Study

Lucid helps Fortune 500 Biotech company save $2.6 million in 2 years

A leading biotech firm used BuildingOS to transform their energy and resource management processes and help them meet ambitious 5-year corporate climate and sustainability goals.

Profile

  • 55 buildings on corporate campus
  • Building types: office, R&D laboratories, parking, manufacturing, and warehouse
  • $32M/year energy spend

Goals

  • Reduce energy 30%, water 20%, and waste 80% in 5 years
  • Improve accuracy of consumption and cost budgets and forecasts
  • Quickly create and share flexible, visual reports on energy resource KPIs

Process

  • Centralized data from 55 buildings
  • Connected 380+ meters & utility accounts from 4 systems
  • Created 70+ calculated meters and utility accounts
  • Linked meters to 48 different pricing schedules to automatically calculate realtime utility spend
  • Eliminated manual data collection time & errors
  • Engaged users from facilities, finance, sustainability, consultants

Outcomes

$2.6 million savings in first 2 years

  • Reduced resource use
  • Improved prioritization of capital projects
  • Happier people


Fast, highly-accurate budgeting & forecasting

  • Accurately calculate energy spend before bills are received for monthly cost forecast
  • Moved from budgets based on average unit costs to budgets based on actual utility rates and consumption
  • Tracked and reported on actual vs. budgeted spend in realtime


Productivity gains & improved communication from automatic KPI reporting

  • Created custom dynamic reports on dozens of KPIs for four different teams across the company
  • Scheduled automatic delivery of report PDFs to key stakeholders via email