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Financing Energy Efficiency in Commercial Buildings: Creative Options

Jennifer Hermes

Energy efficiency has become a proven way of reducing costs and improving profits in commercial facilities. From lighting retrofits –including the rapid adoption of LED lighting – to HVAC upgrades to window replacements, energy efficiency improvements often pay for themselves fairly quickly. The issue is that you need to pay for these projects before they   …Continue Reading


Just Energy Selects Eka Software for Energy Trading

Linda Hardesty

Just Energy selected Eka Energy to manage trading, risk management, scheduling and settlement for its natural gas and power operations. Just Energy is a retailer of natural gas, electricity and green energy, serving nearly 2 million customers in the United States, Canada and the United Kingdom. Just Energy is the parent company to Amigo Energy,   …Continue Reading


Energy Efficiency Finance in Plain English: An Intro to Leases

Jennifer Hermes

According to our most recent survey of C&I energy efficiency professionals, the most cited barrier to energy efficiency project approval is the lack of budget. Whether upgrading a chiller, installing solar, or bundling projects under a whole-building retrofit, energy efficiency projects require large upfront investments, which many building owners have not budgeted. As a result,   …Continue Reading


Polar Vortex Post Mortem

Linda Hardesty

Electricity suppliers are still analyzing the 2013-2014 winter ‘Polar Vortex’ in the Northeast US, which caused energy prices to spike. According to a white paper issued by ConEdison Solutions, the most-powerful contributors to the high prices were pipeline constraints that elevated the cost of transporting natural gas to electric generators in the Northeast and Mid-Atlantic. In   …Continue Reading


Energy Managers Not Tapping into Third Party Financing

Linda Hardesty

According to Noesis Energy’ second annual energy projects survey, 48 percent of surveyed energy managers – despite the fact that they said 64 percent of their projects do not get approved because of lack of budget – never include options for third party financing. For surveyed project developers, 30 percent never include third party financing,   …Continue Reading


Fund Models No-Upfront Energy Efficiency Financing After Solar

Linda Hardesty

Brightergy’s newly-closed fund – BrighterSavings – will provide no-upfront cost financing to energy efficiency projects. With full underwriting discretion, Brightergy plans to finance a wide variety of efficiency projects with public and private schools, municipalities, commercial businesses and non-profits. Brightergy owns the energy-efficiency projects they install, leasing to the building owner who either pays fixed   …Continue Reading


Honeywell, Constellation Offer Thermostat, Electricity Package

Linda Hardesty

Honeywell and StarTex Power, a Constellation company and electricity provider, have teamed up to offer homeowners and small businesses an energy-saving bundle that combines competitive electricity supply rates with a WiFi, app-driven thermostat from Honeywell. Also, for a limited time, StarTex Power is offering a gift card to new customers – $100 for homeowners and   …Continue Reading


NYSERDA Spends $1M to Jumpstart C-PACE

Linda Hardesty

The New York State Energy Research and Development Authority (NYSERDA) is providing about $1 million to the Energy Improvement Corporation (EIC) to jumpstart its Energize NY Finance program over the next two years. The Energize NY Finance program uses Commercial Property Assessed Clean Energy (PACE) finance and property tax laws to provide long-term financing for   …Continue Reading


Green Harbor ‘Monetizes’ Energy Efficiency Savings

Linda Hardesty

Geosyntec is expanding its services to include consulting, engineering and marketing to help clients monetize their energy efficiency savings and renewable energy production through environmental credit markets. These services are now offered through Green Harbor Energy, a division of Geosyntec Consultants. Green Harbor Energy says it has “pioneered the market for credits from energy efficiency   …Continue Reading


Apple Builds More Solar in NC, Reaches for ‘All Renewables’ Goal

Linda Hardesty

Apple’s 2014 Environmental Responsibility Report, covering fiscal year 2013, says the company’s goal is to power all Apple corporate offices, retail stores, and data centers entirely with energy from renewable sources – solar, wind, micro-hydro, and geothermal. Earlier this week, Apple received permission from the City Council of Claremont, NC, to build a third solar   …Continue Reading


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