Empire State Building Saved $2.4M in Energy CostsOctober 17, 2012 No Comments
The Empire State Building has established a commercial real estate model for reducing energy cost by demonstrating how to maximize return on investment and increase real estate value, while protecting the environment at the same time. Over the last year, the Empire State Building has exceeded its year one energy-efficiency guarantee by five percent, saving $2.4 million.
“First and foremost, making the Empire State Building energy efficient was a sound business decision that saved us millions of dollars in the first year,” said Anthony Malkin of the Empire State Building Company. “We have a proven model that shows building owners and operators how to cut costs and improve the value of their buildings by integrating energy efficiency into building upgrades.”
Anthony Malkin partnered with the Clinton Climate Initiative (CCI) Cities program, an aligned partner of the C40 Cities Climate Leadership Group, to assembled a coalition of leading organizations focused on energy efficiency and sustainability.
“Mr. Malkin had a vision of bringing innovation to his historical landmark. The results are just beginning to pay off while at the same time creating a new model for the world to follow,” said Dave Myers, president of Johnson Controls, Building Efficiency. “It is critical that we tackle the billions of square feet of inefficient office buildings around the world to meet our growing energy needs, save money, create jobs, and reduce greenhouse gas emissions.”
The Empire State building’s retrofit project offers tenants the opportunity to build out high-performance workspaces. Over the last year, the Empire State Building estimated to have saved 4,000 metric tons of carbon emissions from entering the atmosphere, and once all the tenant spaces are upgraded, the building will save, as much as, $4.4 million a year.
“These promising first-year results underscore the impact of this global flagship project, which continues to serve as a model for sustainable climate action, not only for other building owners in New York, but right across the global network of C40 Cities,” says Terri Wills, Director of Global Initiatives, C40, in partnership with the Clinton Climate Initiative.