The Building Button, a new tool launched by the Investor Confidence Project (ICP), standardizes the collection of data from energy efficiency projects, and “makes it easy to share that information with investors, building owners, developers, and utilities,” according to a news release.
Based on the U.S. Department of Energy’s Building Energy Data Exchange Specification, the tool integrates best practices and specifications developed by ICP and the U.S. Department of Energy’s Lawrence Berkeley National Laboratory (Berkeley Lab), including the Building Energy Data Exchange Specification (BEDES). Expressing energy efficiency data in a common language, the Building Button allows all parties to compare specifications across multiple projects with one click. This ability helps to reduce underwriting and actuarial analysis costs, builds trust in energy savings, and drives market demand for energy efficiency projects.
“One of the major barriers to wide-scale adoption of energy efficiency is the hassle factor,” said Matt Golden, ICP director. “Every investment is unique, with data lodged in incompatible spreadsheets, documents, and other digital files. The lack of uniform data standards means that transaction costs are prohibitively high. The Building Button helps solve that by establishing guidelines for all project data, streamlining the process of project development and investment.”
In 2017, ICP will join Green Building Certification Inc. (GBCI) to create the first global underwriting standard for energy efficiency projects.
Related Stories
Giants 400 | Oct 30, 2017
Top 45 green engineering firms
WSP, AECOM, and Arup top BD+C’s ranking of the nation’s largest green sector engineering and EA firms, as reported in the 2017 Giants 300 Report.
Giants 400 | Oct 30, 2017
Top 130 green architecture firms
Gensler, Stantec, and HOK top BD+C’s ranking of the nation’s largest green sector architecture and AE firms, as reported in the 2017 Giants 300 Report.
Greenbuild Report | Oct 18, 2017
Rebuild, retreat, or resist
Hurricanes Harvey and Irma expose the necessity—and limitations—of resilient design and construction measures.
Sustainability | Oct 16, 2017
A negative emissions power plant is now operational in Iceland
The geothermal power plant in Hellisheidi, Iceland was outfitted with a Climeworks DAC module.
Sustainability | Oct 9, 2017
New Arizona State University building will reach triple net-zero performance
The science and research complex will include an atrium biome filled with plants and water.
Sustainability | Oct 4, 2017
The solutions to climate change are already at our fingertips
To keep global temperature rise below 2 degrees Celsius of warming, the International Energy Agency (IEA) reports that the global buildings sector will need to decrease its total annual greenhouse gas contribution by 77% by 2050.
Green | Oct 2, 2017
Five strategies to improve energy performance in existing buildings
After performing retro-commissioning and energy audits for more than five million square feet of existing building real estate, we have developed a list of common low/no-cost Energy Conservation Measures (ECMs) that are identified on the majority of projects.
Green | Sep 27, 2017
Wellness gains ground with real estate and property management professionals
Structure Tone survey finds LEED is still a selling point, but interest in resilience practices could be waning.
Codes and Standards | Sep 12, 2017
Washington, D.C. is first LEED Platinum city in the world
All city government buildings are powered by renewables.
Green | Sep 12, 2017
Brooklyn’s Windsor Terrace Library gets a living roof
The roof was funded through a process that allows local residents to decide how City capital dollars are spent in their neighborhoods.
