Prescriptive Data and JPMorgan Chase Optimize Energy Use and Sustainable Enterprise Operations with Nantum OS Technology

NEW YORK–(BUSINESS WIRE)–Today, Prescriptive Data announced that JPMorgan Chase has started using its Nantum OS software to help the global financial services company optimize its energy consumption and reduce its carbon footprint.

Nantum OS software will be integrated with JPMorgan Chase’s building management systems at its largest commercial real estate properties around the world to help each building run more efficiently by using artificial intelligence and sensor technology to track and improve the business energy consumption. The software analyzes historical and real-time data from occupancy monitors, indoor air quality sensors, thermostats and building meters. The data is then linked directly to buildings’ HVAC systems to ensure that the least amount of energy is used without sacrificing comfort levels and indoor air quality for occupants.

Using Nantum OS software as its platform, JPMorgan Chase has designed a convergent technology approach to achieving its carbon reduction goals, which involves the fusion of the Internet of Things (IoT), artificial intelligence ( IA) and distributed ledger technology (DLT, more commonly known as blockchain).

“We’ve worked with JPMorgan Chase’s incredible construction operations and sustainability teams since 2018, and we’re excited to help the organization achieve its operational carbon reduction goals,” said Sonu Panda, CEO of Prescriptive Data. “Over the next few years, artificial intelligence and machine learning will be at the forefront of climate technologies, and JPMorgan Chase continues to be a market leader and pioneer in this area.

“We are committed to using cutting-edge technology, including artificial intelligence and blockchain technology, to better manage the decarbonization of our energy footprint across our global real estate portfolio,” said Hal Corin, Vice President of Sustainability for Global Real from JPMorgan Chase. Real estate group.

JPMorgan Chase achieved carbon neutrality for its operations in 2020 and has set additional targets to improve operational sustainability, including a commitment to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 40% by 2030. The company continues to support renewable energy development by installing on-site renewable energy systems and executing long-term renewable energy supply agreements, and has set a goal that these solutions represent 70% or more of its renewable energy supply by 2025.

JPMorgan Chase is committed to facilitating the transition to a low carbon world. The company works to promote a sustainable and inclusive economy by setting carbon reduction targets for the oil and gas, electric power and automotive manufacturing sectors, and aims to finance and facilitate $2.5 trillion in sustainable development through 2030.

Later this year, Nantum OS will announce its Algo Marketplace, allowing other AI algorithm companies to connect directly to the Nantum OS platform. This will give real estate operators like JPMorgan Chase the ability to plug and play different automated energy conservation measures, creating a new era of smart building automation and sustainability.

About Prescriptive Data’s Nantum OS:

Nantum OS is an artificial intelligence and machine learning climate technology designed for commercial real estate operators and sustainability managers. Nantum OS allows property managers to view building HVAC systems, metering systems, people counting systems, IoT devices (air quality, lighting, shading, smart glass), distributed energy systems (battery storage, fuel cells, on-site generation equipment, solar) and third-party real-time datasets. Nantum OS uses real-time AI/ML algorithms to reduce building energy demand, remove carbon emissions, and reduce utility costs. Every building on Nantum OS uses the least energy and carbon emissions while providing the maximum health and comfort to occupied spaces.

JPMorgan Chase:

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services company based in the United States of America (“US”), with operations around the world. JPMorgan Chase had $3.7 trillion in assets and $297.1 billion in equity as of December 31, 2021. The company is a leader in investment banking, consumer financial services and small corporate, commercial banking, financial transaction processing and asset management. Under the JP Morgan and Chase brands, the company serves millions of customers in the United States and many of the world’s largest businesses, institutions and governments. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

Laura J. Boyer