Replacing older RTUs can be expensive, so the answer may be for contractors to retrofit these units with advanced controls that can help save energy costs as well as improve comfort.
Schneider Electric has announced the completion of a facility improvement project as part of an energy savings performance contract (ESPC) with the city of Kirksville, Missouri. With more than $4.7 million in renovations, the ESPC is estimated to provide the city more than $340,000 in annual savings over the length of the contract.
Regulations and policy measures, technological advances, and cost reductions are all driving increased investment in energy efficiency retrofits. According to a report from Navigant Research, cumulative global investment in commercial building energy efficiency retrofits is forecast to total $959 billion from 2014 through 2023.
Honeywell has announced it is helping Harrisburg Housing Authority (HHA) lead an initiative to refurbish and reopen the vacant Jackson Towers apartment complex in Harrisburg, Pennsylvania, to provide affordable housing for local residents in need.
Renovate America, a leading provider of residential Property Assessed Clean Energy (PACE) financing, announced that it has raised $50 million in growth equity from new and existing investors. Renovate America partners with local municipalities to provide the Home Energy Renovation Opportunity (HERO) financing program.
EnerNOC Inc., a provider of energy intelligence software, announced that three of its customers have each won Energy Efficiency and Sustainability Best Practice Awards from the California Higher Education Sustainability Conference.
TPG Special Situations Partners (TSSP), the credit arm of TPG, and SMi-Enerpro, a division of The SM Group Inc., have announced the launch of a new joint venture to provide financing for the SMi-Enerpro energy efficiency platform.
Commercial buildings, in particular, consume large amounts of energy related to HVAC, water heating, lighting, and other building systems. Efforts to reduce energy consumption have led to increasing deployments of energy efficiency retrofits for commercial and public buildings.