Energy Technology Savings (ETS) signed a contract with Cornerstone Real Estate Advisors to implement its Fast Trak Energy Savings program at Riverbank West, a 44-story, 418-unit multifamily building in midtown Manhattan.
ETS systems, using smart sensors and mobile apps, enable buildings to proactively talk to property managers regarding temperature, humidity, water detection, and occupancy. The ETS system changes owners’ energy management behavior.
ETS determines each building’s unique energy signature and develops scorecards and playbooks to implement energy efficiency and peak demand reduction tailored to the building.
Cornerstone, hired ETS after seeing prototype results, utilizing smart meter data and mechanical equipment device data. Typical energy cost reductions in similar properties in the ETS Fast Trak program exceed 25 percent, according to ETS. For Riverbank West, ETS will install a smart meter system that will provide interval meter data for over 35,000 meter data points per year.