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BrainBox AI President: “Reaching Net Zero by 2050 is dependent on how fast we scale climate tech innovation”

Net-Zero Journey

Decarbonization technology company advocates greater cross-sector collaboration to unleash the potential of climate technologies

Montreal, Canada, November 8th, 2022 – Sam Ramadori, CEO of BrainBox AI, a Canadian company with a pioneering AI-driven building technology, will share how scaling up climate tech is key to unleashing the latent emissions reduction potential of this emerging asset class at the 27th United Nations Climate Change Conference (COP27) in Sharm El-Sheikh, Egypt this week.

“We absolutely need greater cross-sector collaboration to overcome the barriers that impede the rapid adoption at scale of climate innovation and to realise the full value of the 14 cents of every venture capital dollar spent on climate tech,” said Ramadori. “We must collectively think about real, concrete ways that we can motivate adoption at scale, particularly in the traditional sectors of our economy that account for an important part of global GHG emissions, but that have not been accustomed to rapid innovation changes. This is the only way we can achieve the United Nations’ objective of reducing emissions by 45% by 2030, reaching net zero by 2050, and ultimately saving the human race.”

Innovators like BrainBox AI, whose technology lowers commercial real estate carbon footprints by up to 40% and offers energy cost savings of up to 25%, will join established industrial technology leaders like ABB and Arup for a series of panel discussions. The companies will together utilise the global COP27 platform to discuss ways in which climate tech can help ensure a low carbon future.

BrainBox AI will join MaRS Discovery District, Resilient LLP, KPMG, and other prominent Canadian climate innovators at COP27 on November 8th for a panel discussion titled ‘Innovative Approaches to Accelerating Cleantech Adoption’. The session, taking place in the Canadian Pavilion, will point to the importance of inclusiveness, collaboration, and coalition-building as features of some Canadian programmes designed to effectively scale and speed up the adoption of low-carbon innovations.

Tyler Hamilton, Director of Ecosystem, Cleantech at MaRS said “Cleantech is one of the core sectors we work with in our drive to empower Canada’s most promising innovators to make global connections. At COP27, we are collaborating with BrainBox AI to drive positive economic and environmental impact and help address some of the world’s most pressing problems.”

BrainBox AI has also been invited by leading global technology company and partner ABB to appear at an energy efficiency panel in the International Chamber of Commerce area of COP27 on November 11th. The company will speak about accelerating energy efficiency in the built environment, alongside the World Green Building Council, the International Standards Organization, and others. Sam Ramadori will speak alongside leading contributors including Morton Wierod, President of ABB Electrification.

Morten Wierod, President of ABB Electrification said, “There is no denying that now, in this decade, must be the time for faster action to accelerate the transition to net zero. Our attendance at COP27 is geared towards supporting this transition and highlighting how we can address the world’s energy challenges through improved energy efficiency and safe, smart, and sustainable solutions. Much of the technology to achieve this is already available, but it requires more commitment, investment, and collaboration to fully optimise. Innovation also has a key part to play, and we look to partners like BrainBox AI with fresh ideas and approaches to achieve the sustainable future we all need.”

In addition, BrainBox AI will participate in a webinar hosted by Anton Kotov, Head of Strategy and Business Development, ABB Electrification, on November 15th, alongside Mary de Guzman, Director of ESG at Sleep Country Canada, on the subject of ‘Decarbonizing the Built Environment: The Role of IoT, Cloud and Artificial Intelligence’. The webinar is a key part of a broader programme of virtual sessions hosted by the International Chamber of Commerce, which are livestreamed to thousands around the world.

BrainBox AI is considerably reducing carbon emissions, impacting over 100,000,000 sq. ft. of real estate across 20 countries, with clients such as AMP Capital, GWL Realty Advisors and Landsec. In 2020, BrainBox AI was recognized by TIME as one of the Top 100 best inventions of the year and received the Tech for Our Planet Award at COP26. The company is also a member of the MaRS Discovery District, the largest urban innovation hub in North America.

 

About BrainBox AI 

Founded in 2017, BrainBox AI was created to address the dilemma currently facing the built environment, its energy consumption, and significant contribution to climate change. As innovators of the global energy transition, BrainBox AI’s game-changing HVAC technology leverages AI to make buildings smarter, greener, and more efficient. Working together with our trusted global partners, BrainBox AI supports real estate clients in various sectors, including office buildings, hotels, commercial retail, grocery stores, airports, and more. 

Headquartered in Montreal, Canada, a global AI hub, our workforce of over 150 employees, bring with them talent from all sectors with the common thread of being in business to heal our planet. BrainBox AI works in collaboration with research partners including the US Department of Energy’s National Renewable Energy Laboratory (NREL), the Institute for Data Valorization (IVADO) as well as educational institutions including Montreal’s Institute for Learning Algorithms (MILA) and McGill University.  

Learn more about BrainBox AI

 

 

 

 

For media inquiries: 
 

BrainBox AI 

Americas
Rebecca Bender 
Montieth & Company 
rbender@montiethco.com 

+1 347 768 1818

 

EMEA

Andrew Berridge

Montieth & Company

aberridge@montiethco.com

+44 7774 985705