Commercial, Demand Management, Energy Efficiency, Industrial - November 16, 2017
NY ups funding for C&I energy management initiative
New York Gov. Andrew Cuomo on Nov. 14 announced a $12 million expansion of the state's "Real Time Energy Management" initiative aimed at enhancing energy efficiency in commercial, industrial and multifamily buildings.
Launched in 2016 with a focus on commercial buildings, including office buildings, hotels, universities, hospitals and retail stores, the expansion brings industrial and multifamily facilities into the fold, the governor's office said in a news release. About 60% of greenhouse gas emissions in New York come from buildings.
Real-time energy management systems continuously monitor real-time data of a building's energy use and transform it into actionable information, by using sensors, meters and other equipment. The data can pinpoint a building's operational inefficiencies to help identify conservation measures and help justify capital improvements.
"By deploying cutting-edge clean energy technology and software, this program helps business owners improve efficiency, reduce costs and help us combat climate change," Gov. Cuomo said. "Across New York, we are investing in state-of-the-art clean energy solutions to create a greener, more sustainable future for all."
The program, RTEM for short, advances the state's efforts to reduce greenhouse gas emissions 40% by 2030 and its Reforming the Energy Vision strategy to build a clean, resilient and affordable energy system.
The current expansion brings the total RTEM program to more than $40 million in investments supported by the state's Clean Energy Fund. The additional funding for the expanded RTEM initiative includes:
- $5.7 million in direct incentives for RTEM projects in the industrial sector;
- $830,000 for multifamily RTEM projects;
- $6 million for commercial RTEM projects that include cloud-based controls.
More information on RTEM funding is available at NYSERDA's website.
NYSERDA offers a project cost share of 30% to support both the installation of real-time energy management systems that use comprehensive data monitoring and analytics to identify when, where, and how energy is used in a building, as well as ongoing RTEM consulting services to conduct in-depth analysis of energy usage data that helps guide customers' operational and capital improvement decisions. As a result, NYSERDA expects that energy-efficient practices will be started as soon as facility managers are able to implement best practices to maximize building performance and reduce energy expenditures.
Early estimates by NYSERDA suggest that RTEM projects save more than 5% on building energy costs, as well as reduce maintenance costs, improve building occupant comfort and increase operational reliability.