Chicago May Solicit Private Investors to Pay for Energy Efficient Street Lights
Chicago created the Chicago Infrastructure Trust in 2012 as a way for the city to use private investment to pay for projects it otherwise could not afford. The Trust is currently paying for $13 million of energy efficiency improvements to 62 city buildings. Private investors earn a return on their investment.
Now, the Trust is debating which projects to work on next. The Trust has honed its options down to either energy-efficient street lights or new city vehicles powered by natural gas, according to the Chicago Tribune.
Replacing some of the city’s 340,000 old streetlights with more energy efficient lights could lower the city’s electricity bills by 50-80 percent, and investors could be paid back through the savings, reports the Tribune.
- Six Essential Steps to Drive Effective Energy Management
- How to Use Lean Tools to Cash In On Environmental and Energy Savings
- Essential Guide to Lighting Retrofits and Upgrades
- Top 3 Reasons to Calculate Your Environmental Footprint
- Integrated Building Optimization
- Trends in Energy Management: Where Should Your Next Investment Be?
- Alarms Management: The Future is Now
- 2014 Insider Knowledge Report
- Integrating sustainability into your ERM framework
- 2014 Environmental Leader Product and Project Awards
- Cut Costs and Improve Facility Operations with Energy Data
- Energy Procurement Strategies for Winter 2014 and 2015
- Energy Efficiency Requires Engineering Efficiency
- Integrated Building Optimization: A Crucial Convergence of Demand-side and Supply-Side Energy Management Strategies
- Driving Productivity and Profit with Industrial Energy Management