This article is from the Australian Property Journal archive
NATIONAL science agency CSIRO has teamed up with CoreLogic Australia to trial a new artificial intelligence system to estimate energy efficiency for homes across the country.
The system will help both the industry and homeowners to improve their energy performance and reduce power bills, using data to create a better understanding of the energy efficiency of home, which has until now been limited or not accessible.
Using CoreLogic’s 40 years of property data and CSIRO’s RapidRate artificial intelligence model, the pilot project will estimate the heating and cooling load, and an energy efficiency star rating for homes.
“Improving the energy efficiency of homes right around the country can reduce emissions and translate to longer-term energy and cost savings on their energy bills,” said Larry Marshall, chief executive at CSIRO.
“Achieving net zero emissions by 2050 is one of Australia’s greatest challenges, but collaborative science and technology holds the key to creating solutions that will get us there.”
The data collected will be at first made available to CoreLogic’s core banking and finance customers, with future plans to make the insights available to other market segments.
“It is a thrill to be at the vanguard of revolutionising energy efficiency with Australia’s national science agency, CSIRO, to use innovative technology and data, to develop a solution for one of this generation’s greatest challenges,” said Lisa Claes, CEO at CoreLogic International.
While the NatHERS rating system has established a standardised approach and regulatory framework on energy ratings of new residential home, data on homes built before its introduction is limited.
“Combining our considerable breadth and depth of knowledge and respective industry expertise gives us the power and the privilege to make a real and significant difference towards improving energy efficiency performance across the entire residential sector,” concluded Claes.
