Welcome to the Technology and Innovational digest where we explore the latest innovations driving sustainability and efficiency across the industry. This week, we will look at how digital tools are transforming the construction sector and a new partnership that is enhancing property management. We also explore how new funding and digital solutions are enhancing grid resilience and supporting the expansion of renewable energy.
Aaliyah Pollock - AI, Data and Tech Analyst
An article from Turner & Townsend highlights how digital technology is transforming the construction industry. By using digital tools, companies achieve better cost control, faster scheduling, and enhanced performance visibility. This change is also attracting new talent and making construction more focused on data and carbon management. Companies embracing these innovations are set to lead the industry, as digital solutions become central to both public and private sector projects in the UK.
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With the recent $9 million (£7 million) in seed capital obtained, London-based Axle Energy's total funding has surpassed $10 million (£8 million). Axle Energy, established in 2023 by Karl Bach and Archy de Berker, has created a software platform that links flexible energy assets to regional and national energy markets, such as EVs, house batteries, and heat pumps. By enabling new flexibility markets, this improves grid resilience, lowers consumer costs, and boosts revenue for producers. In order to facilitate the shift to renewable energy, Axle Energy is growing its staff and operations throughout Europe, with over 15,000 assets connected and over 85 MW of capacity.
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With participation from MCJ Collective, Suffolk Technologies, and current investors, Navitas Capital led a $11 million Series A fundraising round for Paces, a GIS and data platform for renewable energy projects. The money will be used to improve Paces' software platform, which makes site selection and due diligence for sustainable energy projects quicker and easier. Paces tool aids site selection and project due diligence assessments by consolidating and interpreting spatial, zoning, permitting, interconnection, and environmental data, cutting lengthy processes down to a matter of minutes. This expansion aims to support the broader clean energy infrastructure ecosystem.
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Cushman & Wakefield has partnered with Property Inspect, to streamline compliance management across its major real estate assets in Ireland. Through this partnership, Cushman & Wakefield is able to internalise inspection services, reducing dependency on outside resources and cutting inspection times from six to two hours. Property Inspect’s platform improves risk management, data gathering, and operational effectiveness, leading to significant cost savings. The partnership has been successfully implemented at Dublin Airport Central with plans to expand.
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Iberdrola has received approval to begin preliminary construction on the El Escudo wind farm in Cantabria, Spain. With an investment of €120 million, the facility will have a capacity of 101 MW capacity that will supply 95,300 houses with renewable energy and is anticipated to cut CO2 emissions by 45,000 tonnes per year. The wind farm will be the first to employ Building Information Modelling (BIM) in Spain, allowing for effect minimisation and thorough building control.
To read the full article click here