Building energy market expected to grow

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As governments worldwide step up efforts to combat climate change.

Neapoli founder and CEO Stellios Plainiotis said the market is projected to grow steadily by 6% per year until 2030 both in Malaysia and globally, with the highest growth expected in India, China and in Asean.

Towards this end, he said emerging digital technologies are introduced into buildings to enable greater energy efficiency gains. These include building information modelling, active energy management systems, data-driven consumer engagement platforms, and new performance-based revenue models. Among some of the projects which the company undertook is the triple platinum-rated PKNS headquarters, the 118 storey Menara PNB, the Penang International Airport Expansion, TRX Exchange , HSBC headquarters, low Carbon Petronas corporate office in Kerteh, Novartis HQ, Mastercard HQ and the Suria Mall KLCC.

“Every recommendation in our portfolio has been validated with past practice and rigorously optimised using building modelling. “So although Neapoli has been traditionally associated with mega-constructions and new platinum-rated green buildings, recently we have gained a big market share in the growing but competitive markets of energy retrofitting and workspace improvement,” he noted.

“We plan to certify 50 projects by March 2022 across several countries, a wide spectrum that includes affordable housing, commercial, educational and transportation projects to calibrate and test the system.

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