Sustainable Cooling: Smart Windows and the Battle Against Heat

This episode of the Commercial Real Estate Daily podcast is brought to you by CRE Launch Pro. If you’re looking to take your investing skills to the next level with online courses, group coaching calls, and a community of other investors, head on over to www.CreLaunchPro.com

Episode Transcript:

Today, we're diving into a global issue that's been flying somewhat under the radar: the surging demand for space cooling. Yep, you heard that right – as the world heats up, the need for cooling systems is on a serious rise.

So, let's set the stage. The year 2023 is shaping up to be a scorcher, and trust me, that's no coincidence. Urbanization in developing nations, coupled with the escalating heat waves due to our warming planet, is driving up the need for space cooling at an alarming pace. But here's the kicker: this trend is causing some serious challenges for building owners.

Energy consumption is skyrocketing, costs are climbing, and the specter of resilience during extreme heat events is hanging over the industry like a storm cloud. Now, you might think that modern HVAC systems would have this in the bag, but the reality is, even with their increasing efficiency, we're still facing a substantial increase in energy usage, and that's taking its toll on our environment.

Greenhouse gas emissions from the commercial real estate sector account for a whopping 40% worldwide. However, while efforts to ramp up efficiency and decarbonize the power sector are noble, they're just not cutting it in the face of this growing space cooling demand.

And you know what that means? It's time for building owners to roll up their sleeves and get innovative. There's a clarion call echoing through the industry – a call for sustainable and resilient solutions. With environmental, social, and corporate governance goals getting more attention, it's clear that there's no room for complacency.

You see, the cooling challenge is complex, and the solutions aren't as straightforward as you might think. Take electric vehicles for transportation or renewable generation for the grid – they're not a one-size-fits-all fix. With climate-adaptive building shells, it's a bit of an umbrella term that encapsulates various tech approaches, and smart windows are shining stars in this arena.

But there's more to the story. Often, the grid's green makeover doesn't necessarily sync up with the peak cooling demand. When the sun's blazing and ACs are cranked, renewable energy might not be in full swing.

Now, let's dive into the why. Why should building owners jump on the smart window bandwagon? Well, not only are they a mature technology, but they also make the occupants happy from day one. Comfortable, productive, and with a dash of wellness, smart windows bring it all. Plus, there's an ace up the sleeve in the form of investment tax credits, which can make the cost equation a lot friendlier.

So, how do these smart windows actually make a dent in carbon emissions? It's all about the dance between tinting and clearing in response to the changing weather and sunlight. By fine-tuning the heat gain in winter and summer, smart windows can actually reduce the need for HVAC systems and those pesky blinds.

But remember, buildings aren't static, and the seasons aren't the only thing changing. To really tackle energy savings and resilience, you've got to start with the building envelope. Smart windows like those from SageGlass offer a glimpse into the future, a future where we're smarter about how we manage our spaces.

This is Tyler Cauble, Signing off