Yardi NYC Energy Summit

Start Spreading the News — LOBOS ♥’s New York!

Tuesday, July 15, 2014

Governor Andrew Cuomo and the state of New York are serious about energy conservation, and LOBOS is right in the middle of the action. In addition to the recently unveiled REV program (Reforming the Energy Vision), which will change the way energy in New York is generated, transmitted and distributed, Con Edison, as part of a joint program with NYSERDA is offering 100 million dollars in new utility incentives aimed at the very specific goal of relieving 50 megawatts of electricity demand from the grid serving Manhattan and the rest of the five boroughs by June of 2016. The point of this reduction is to support Governor Cuomo’s mission to permanently shutter the Indian Point Nuclear Power Plant, which provides about 25% of the energy for New York City and Westchester County.

To this end, on Thursday, June 26, Yardi hosted “The New York City Energy Summit,” an invitation-only event at the Waldorf Astoria in New York City. Summit leaders introduced a number of renowned real estate portfolio owners and managers to the LOBOS HVAC Intelligence, Optimization & Demand Response platform while explaining how Manhattan’s new utility rebates can fund a substantial portion of the costs associated with a LOBOS building upgrade. LOBOS-equipped buildings typically reduce operating expenses by 20 cents per square foot while producing one watt per square foot of demand response capacity and 2 kWh per square foot of annual energy savings.

Around 50 industry partners, utility staff and New York City commercial real estate owner/managers attended the event including representatives from Lawrence Ruben Company, Related Management, Madison International Realty, Cushman and Wakefield, and Jones Lang LaSalle. Attendees learned about incentive details from the ConEdison Green Team while Enerliance founder Scot Duncan and Enerliance president and Yardi director of business development Ray Pustinger explained LOBOS’ functionality.

The summit concluded with a panel discussion titled, “HVAC Intelligence: Owners and Managers from Large Facilities Using LOBOS.” USGBC LEED director Heather Langford served as moderator to the panel of four speakers: Ted Bischak, principal Ocean/West Capital Partners; Bill Wendt, vice president of facilities and engineering for Kilroy Realty Corp.; Roman Gunther, regional engineer for LBA Realty; and Omar Chamma, national account manager for Trane, a subsidiary of Ingersoll Rand (NYSE: IR). The panelists discussed their experiences with the Enerliance/Yardi team, relating real-world examples of how LOBOS lowers operating costs, allows automatic demand response participation, and materially contributes to a business’s bottom line.

If the level of interest and engagement at the summit are an indicator of things to come, then the event was a huge success.  But then again, why wouldn’t it be? LOBOS saves building owners money, improves comfort and is great for the environment—what’s not to like? We’re looking forward to helping Manhattan reach its energy-use curtailment goals, and we’ll be watching to see how all of these changes in New York will affect the energy industry nationwide.

We’re with Frank Sinatra on this one—if these measures can make it there, they’ll make it anywhere.

Read Commercial Property Executive Magazine’s take on the summit in their special report.

Further coverage of the event can also be found on the Business Energy Magazine Blog.

Download the summit presentation.New York City Energy Summit

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