Cosmos automates building energy reporting and emissions compliance using machine learning and optical character recognition to analyze utility bills and generate compliance reports. This technology reduces the time and cost of emissions tracking, addressing the increasing regulatory demands for greenhouse gas reporting in over 100,000 buildings across the United States.
Funding
Funding not disclosed
Founders
Product
Problem
Building owners and managers face increasing regulatory pressure to track and report greenhouse gas (GHG) emissions, a process that is traditionally manual, time-intensive, and costly. The complexity of energy benchmarking laws and the need to analyze utility bills to generate compliance reports adds to the burden. Non-compliance can result in significant financial penalties.
Solution
Cosmos is a platform designed to automate building energy reporting and emissions compliance. By leveraging machine learning and optical character recognition (OCR) technology, Cosmos analyzes utility bills to measure a building's energy usage and emissions. The platform tracks emissions in real-time, forecasts potential penalties, and provides AI-powered recommendations for emissions reduction and energy efficiency improvements. Cosmos generates ready-to-submit compliance reports for regulations such as Local Laws 84, 87, and 97, helping building managers stay ahead of changing energy laws and avoid fines.
Target Audience
Cosmos targets building managers, property owners, and real estate companies responsible for tracking and reporting energy usage and emissions to comply with local and national regulations.
Features
- Automated utility bill data collection and processing, eliminating manual data entry
- Real-time emissions tracking with alerts for approaching limits
- Generation of compliance reports for Local Laws 84, 87, and 97
- Cost prediction to forecast potential penalties
- AI-powered recommendations for decarbonization planning and energy efficiency improvements
- Portfolio management dashboard for consolidated reporting and analytics across multiple properties