In recent years, innovations in energy efficiency technology has opened many new avenues to reduce electric consumption in buildings.
But it is hard for building owners to keep up with these developments, analyze which options are most cost effective, and decide how best to invest their money. An increasingly popular method to implement energy efficiency technology is called “energy efficiency as a service.”
A typical arrangement consists of a building owner and a provider striking an agreement that pays for energy efficiency projects. The building owner does not pay anything upfront. The owner makes payments in installments within a certain timeframe. Payments are in the form of savings in energy costs realized from the improvements.
Bentley Mills, a manufacturer of commercial carpet products, employed this technique to fund a $1.5 million energy efficiency project. The contract stated that over the course of the 8-year term, Bentley would save over 12.8 million kWh. One year after the project was completed, the plant measured a 21% decrease in the kWh per square yard manufactured while increasing sales growth by 9% during the same time.
Related Stories
Codes and Standards | Jul 17, 2018
In many markets, green features are more of a requirement for apartment renters
Renters in many U.S. cities have come to expect green features in apartments that they rent, with an eye toward energy efficiency and healthy indoor air.
Codes and Standards | Jul 16, 2018
Length of North American construction disputes continues to increase
They already far exceed global average.
Codes and Standards | Jul 12, 2018
Developer says net zero Salt Lake City apartment high-rise built at standard cost
Off-site solar, and mechanical/electrical system savings aid the achievement.
Codes and Standards | Jul 11, 2018
D.C. local worker requirement not being met
Government doing little to verify self-reported project data.
Codes and Standards | Jul 10, 2018
Carbon emissions in cement production threaten GHG reduction goals
Cement is essential to many infrastructure projects that address climate change.
Codes and Standards | Jul 10, 2018
DOE’s Better Buildings Summit to be held in Cleveland, August 21-23
Agenda includes technical training and networking opportunities.
Codes and Standards | Jul 6, 2018
Houston’s lessons learned from Harvey include lack of awareness by residents of flood danger
Inconsistent regulatory environment also cited.
Codes and Standards | Jul 6, 2018
Delos and HDR will co-develop wellness design tools and collaborate on research
WELL Building Standard pioneer teams with architects to advance wellness innovations in the built environment.
Codes and Standards | Jul 5, 2018
BREEAM New Construction standard launched in U.S.
Follows successful launch of BREEAM In-Use standard.
Codes and Standards | Jun 29, 2018
Nearly half of nonresidential construction projects now delivered by design-build
‘Alternative’ method now mainstream for nonresidential, highway/street, and water/wastewater construction projects.
