Energy Exchange

Filling the Gap: How Efficiency Standards could Save Billions in Commercial Real Estate

office building unsplashNo one ignores an opportunity to save billions of dollars. Numbers of that size are enough to make an audience take notice, even in a business like commercial real estate, where deals in the hundreds of millions and billions are commonplace.

Each year the U.S. spends over $400 billion on energy for our buildings, many of which were constructed before modern energy codes existed and, as a result, use more energy than they should. This efficiency gap has led to the creation of a $20 billion retrofit industry, designed to help building owners and managers overcome barriers that deter them from tackling energy costs, like lack of information, misaligned financial incentives, or insufficient capital. In my hometown of Chicago alone, buildings could save up to $184 million in energy costs if they pursued more aggressive energy management – and those are just the ones reporting data. Read More »

Posted in Energy Financing, Illinois, Investor Confidence Project / Read 2 Responses

Illinois Leads on LEED, but Greater Energy Management Opportunity Awaits

Wrigley_Building_at_Night_Wikipedia-RFI’ve always been proud to be from Illinois. As a Midwestern girl who went out East for college, I spoke often about the wonders of my hometown of Chicago: from our miles of gorgeous public lakefront, to our proud history as the home of the first skyscraper. We have a scrappy side, too. As a city that rebuilt itself from scratch after the Great Chicago Fire of 1871, we’ve always worn the title, ‘Second City’ as a badge of honor (and a chip on our shoulder, when it’s used as anything but a compliment).

That’s why when the U.S. Green Building Council (USGBC) released its annual Top 10 States for LEED, it came as no surprise to me that Illinois topped the list for the third year in a row. The ranking evaluates states based on sustainable building design, construction, and transformation, demonstrating Illinois’ progressive leadership when it comes to energy management in buildings.

Illinois has taken the lead, but property managers who haven’t jumped on the energy efficiency bandwagon yet should join now – there’s plenty of room. It’s never too late to pursue efficiency opportunities that benefit your organization’s bottom line. Read More »

Posted in Energy Efficiency, Illinois / Comments are closed

Energy Management Tools Boost Older Buildings’ Efficiency and Bottom Lines

CaptureBuildings use nearly 40 percent of all energy in the U.S. and account for a third of our greenhouse gases. Today, a growing number of commercial real estate leaders are looking for opportunities to upgrade what they’ve already got – rather than starting from scratch – to save money and lessen their environmental impact. These commercial real estate leaders know there is a great deal of potential in starting small, and in focusing on what best serves their bottom line.

Organizations that need a more tailored approach to making their real estate energy-efficient have a myriad of opportunities that are now being pioneered by property owners across the country. Leading companies are applying outside-the-box energy management solutions to buildings constructed before the green-building boom.

Here are two examples of companies that enlisted Environmental Defense Fund’s Climate Corps program to accelerate clean energy projects in their facilities and meet their corporate energy goals: Read More »

Posted in California, Demand Response, EDF Climate Corps, Energy Efficiency, Illinois / Comments are closed

How One of Chicago’s Most Iconic Landmarks is Saving Money through Energy Storage

real batteryWhen you think about something that is 85 years old, you might think of history and tradition but not necessarily innovation. However, when the 85-year-old in question is a Chicago landmark committed to finding new ways to tackle energy management, cutting-edge solutions are par for the course.

The Merchandise Mart is a massive commercial space, spanning two city blocks along the Chicago River and offering some 4.2 million square feet of floor space. As expected, its energy consumption is also enormous, but the building has long been a leader in efficiency. And recently, the Mart took an even bigger step forward by unveiling an innovative battery storage unit that will help balance the electric grid – and earn money while doing it.

How the Mart came to be a clean energy leader

Built in 1930 for Marshall Field & Co., the Kennedy family owned the art deco structure for more than half a century, before selling it in 1998 to Vornado Realty Trust. Efficiency efforts began in the 1980s with the installation of an ice-storage cooling system that freezes tons of water overnight when cooling needs are minimal, allowing the building to shift power consumption to off-peak periods, save money, and reduce pollution. Read More »

Posted in Demand Response, Energy Efficiency, Illinois / Tagged | Comments are closed

How EDF and Chicago are Leading the Way to Energy-Efficient Buildings

chicago-449021_1280One degree Fahrenheit.

Yes, that was Friday’s temperature in Chicago.

But instead of thinking about jetting off to a sandy beach in the Caribbean, my thoughts instead turn to a more practical matter. As I look across the Chicago skyline, I wonder how many of these buildings have old, inefficient heating systems.

The good news is that right here in Chicago, some building owners are finding better, more efficient ways to heat — and in balmier times, cool — their properties.

Over the past year, EDF, the City of Chicago, and some of the city’s leading building owners have teamed up to make real progress in cutting energy use and costs. 

The results of this partnership have helped Chicago move closer to the goal of the city’s Retrofit Chicago initiative: reduce commercial energy use in participating buildings by 20 percent in five years. The Mayor’s office has set the bar for energy savings, and EDF Climate Corps is providing boots on the ground to get it done. And Chicago’s leading building owners and operators are showing creativity and innovation in taking their energy management to the next level. Read More »

Posted in Clean Energy, EDF Climate Corps, Energy Efficiency, Illinois / Read 1 Response

Meeting Retrofit Chicago’s Energy Goals: Three Key Constituencies

This commentary originally appeared on the EDF Climate Corps Blog.

ellen_bell287x377Following the lead of mayors and governors across the country, last month the President announced energy as a priority for the year. By focusing on energy management, organizations are contributing to the transformation of energy use in the country, saving billions in energy costs and cutting greenhouse gas emissions.

Mayor Rahm Emanuel’s Retrofit Chicago initiative, aimed at reducing participating buildings energy use in the city by 20 percent within the next five years, is a compelling example of this. For this reason, EDF Climate Corps, an innovative summer fellowship program that places specially trained graduate students in organizations to save energy and related costs, is working to recruit organizations in Chicago this month.

To ramp up energy savings in the area, EDF Climate Corps has already signed on AT&T, McDonald’s Corporation, Shorenstein Properties and Jones Lang LaSalle. Each summer, EDF Climate Corps fellows evaluate organizations for energy savings opportunities with many of them uncovering stakeholder engagement as a key savings opportunity.

After 400 EDF Climate Corps engagements, the program has found that there are three key constituencies to tap into for energy management:

Read More »

Posted in Clean Energy, Climate, Demand Response, EDF Climate Corps, Energy Efficiency, Energy Financing, Illinois, On-bill repayment, Renewable Energy / Comments are closed