Published in the October 2007 issue of Today’s Facility Manager
(Credit: Image provided by iStock; Design by Jeff Clapp, Creative Director, Group C.)
Five years ago, the cost side of the energy conservation challenge mattered less. Today, prices fluctuate from day to day (and sometimes even hour to hour), so facility managers practically need to be financial wizards to protect their employers from serious exposure. Further, quasi-private and government agencies are changing the rules of the game every day.
Now, energy efficiency improvements and better building controls and information can not only be used to save money, but they can also earn cash back. Smart facility and building portfolio managers can garner big bucks if they can deliver reliable operations that keep building occupants happy.
Savings Into Earnings
It doesn’t matter for reliability’s sake whether a new power plant is turned on to meet extra demand or unnecessary consumption is shut down instead. That’s why, in most locations, markets now reward facilities for cutting power for approximately 10 to 20 hours each year. Additionally, large end users are routinely paid for every kW they shed when power plants must work overtime during an emergency or blackout situation.
There are also earnings opportunities for businesses that invest in upgraded systems. For instance, large power sales companies will fund upgrades in commercial properties in order to maintain their license to market electricity. So any building that installs new power saving equipment will be able to measure how much that building actually conserves over the years. The building will then register the verified savings in the form of a certificate.
Most power marketers will eventually have to purchase a certain number of these certificates for each unit of power it sells. For instance, Con Edison in New York City could buy certificates from buildings that installed newer, more efficient chillers. However, the building that installed the chiller will still own the savings certificates, even if another entity has helped to defray some of the initial installation costs.
In June 2015, Environmental Defense Fund (EDF) announced that its 2015 EDF Climate Corps fellows had been deployed to organizations throughout the United States, Mexico, and China to begin the work of cutting costs and carbon emissions through improved energy management. Now in its eighth year, EDF Climate Corps pairs fellows—top graduate students from the nation’s leading universities—with companies, cities, schools,... [...]
Credit: Jupiter Research The number of IoT (Internet of Things) connected devices will reach 38.5 billion in 2020, up from 13.4 billion in 2015: an increase of more than 285%, according to new data from Juniper Research. While IoT “smart home” based applications are grabbing media headlines, it is the industrial and public services sector – such as retail, agriculture, smart buildings and smart grid applications –... [...]
By 2040 knowledge workers will decide where and how they want to work, according to a new report on the workplace of the future from Johnson Controls’ Global WorkPlace Solutions (GWS) business. The Smart Workplace 2040 report describes how 25 years from now, work will be seen as something workers do, rather than a place they commute to each day. Work patterns will be radically different compared with today, with no fixed place or... [...]
Facility Executive is your one-stop source for information on quality operation, design and maintenance of facilities. Facility Executive offers a shared community of facility management experts who explore and analyze issues that affect your facility and its environment.
Facility Executive is a specialized trade publication written and edited for corporate facility executives in all industry and service sectors whose responsibilities include purchasing, planning and approving products, services and materials for facility operations.
EDITORIAL AND ADVERTISING OFFICES
44 Apple Street, Suite 3 | Tinton Falls, NJ 07724 | P: 732.842.7433 or 800.524.0337 | F: 732.758.6634
As critical facility systems are put to the test in extreme summer heat, FacilityDude, a Cary, NC based provider of cloud-based operations management solutions, shares advice for facility managers dealing with summer heat related maintenance... [...]
By Charles C. Carpenter, CFMfrom the July/August 2015 issueWarning signs of violence was a topic addressed in this column back in 2013. Since that time, things may not have improved for facility executives as violence in various facility types... [...]
By Robert Greenfrom the July/August 2015 issueOn a global level, restroom hygiene is a major point of concern when promoting public and personal health—especially in high traffic areas where customers and employees are closely interacting (e.g.,... [...]
By Skye WitherspoonLEED certification’s drive for energy efficiency and resource conservation has led to high performance, sustainable buildings. However, this transformation hides a more substantive change, one that has come about as our... [...]
Metro Student Union Building (Photo Courtesy Jason Hudson)Prompted by federal lead-free laws that went into effect in January 2014, three separate colleges located on the shared, 150-acre Auraria Campus in downtown Denver, CO chose Zurn... [...]
Photo: Provenance HotelsBy Anne Cosgrove from the July/August 2015 issueLocated in New Orleans’ Warehouse Arts District, blocks from the French Quarter, walking distance to the Superdome, and a short stroll from the city’s Convention Center,... [...]
by Todd Kiehnby July/August 2015 issueWhen the power feed from a utility is interrupted, the lights go out, operations are stalled, and productivity plummets. That’s why many facilities have installed critical power equipment to ensure uptime... [...]
Replacing a facility built in 1954, the new Parkland Hospital opens in August 2015. The 2.1 million square foot facility employs state-of-the-art electrical systems. (Photo: Legrand)By Susan Rochford et al.from the July/August 2015 issueAs the high... [...]
By Facility Executive Stafffrom the July/August 2015 issue The DeTour Reef Light foundation, resting in 23’ of water, is a crib style concrete 20' high, 60' square base that supports the reinforced concrete/steel Classical Revival style square... [...]
By Sean Devaneyfrom the July/August 2015 issue Photo: Broward CollegeIn fiscal year 2013, Broward College in South Florida accepted the challenge of standardizing college-wide facilities and services. Doing so required that all trades including... [...]