Iconic landmark purchases 100% renewable power from Green Mountain Energy Company to advance its sustainability strategy
The world’s most famous office building is starting off the New Year a whole lot greener. The Empire State Building has become New York City’s largest commercial purchaser of 100% renewable energy.
The 2.85 million square-foot office building announced today that it is purchasing 100% wind power from Green Mountain Energy Company, the nation’s leading competitive retail provider of cleaner energy and carbon offset solutions.
“It was a natural fit for us to combine 100% clean energy with our nearly completed, ground breaking energy efficiency retrofit work,” said Anthony E. Malkin, president of Malkin Holdings, which supervises the Empire State Building. “Clean energy and our nearly 40% reduced consumption of watts and BTUs gives us a competitive advantage in attracting the best credit tenants at the best rents. Our program of innovation at the Empire State Building shows simple, replicable, non-proprietary steps for other landlords to follow to be more energy efficient, cleaner and greener.”
The iconic landmark has signed a two-year contract with Green Mountain to purchase nearly 55 million kilowatt hours (kWh) of renewable energy annually, which will avoid nearly 100 million pounds of carbon dioxide (CO2) emissions each year. That is the equivalent of:
- Nearly every house in New York State turning off all their lights for a week
- Taking approximately 40 million fewer cab rides or
- Planting nearly 150,000 trees – – more than 6 times the number of trees in Central Park
The purchase is also more than double the amount of renewable power that any other commercial customer in New York City is currently buying.
Green Mountain was awarded the electricity contract after a bid process with multiple Electric Service Companies (ESCO’s), facilitated by MCEnergy, Inc., the Empire State Building’s energy consulting firm. Green Mountain was selected as a result of its winning, competitive electricity rate, favorable contract terms and leadership in the renewable energy industry. Green Mountain is the nation’s longest-serving green power marketer.
“We are extremely pleased that an icon like the world-famous Empire State Building made this important commitment to support renewable energy,” said Paul Thomas, CEO of Green Mountain Energy Company. “This announcement is historic for many reasons. In addition to being the largest commercial consumer of green power in New York City, the Empire State Building’s renewable power purchase is now the largest purchase in our company’s 13-year history. This demonstrates that Green Mountain can serve all sizes of commercial customers with renewable energy at a price they can afford, and that going green doesn’t have to be a tradeoff.”
The Empire State Building’s historic green power purchase exceeds the U.S. Environmental Protection Agency’s (EPA’s) Green Power Partnership requirements. Based on EPA’s current rankings, New York City’s most recognizable building is expected to rank No. 18 on EPA’s national Top 100% Green Power Purchaser List, which represents green power purchasers that are buying green power to meet 100% of their U.S. organization-wide electricity use. The Empire State Building recently joined EPA’s Green Power Partnership and qualifies for EPA’s Green Power Leadership Club, a distinction given to organizations that have significantly exceeded EPA’s minimum purchase requirements. Green Power Leadership Club members must purchase 10 times the partnership’s minimum requirement organization-wide. EPA’s Green Power Partnership is a voluntary program that encourages organizations to purchase green power as a way to reduce the environmental impacts associated with electricity use.
“EPA is pleased to welcome the Empire State Building to the Green Power Partnership. We applaud their commitment to using 100 percent green power to reduce greenhouse gas emissions,” said Susan Wickwire, Chief of the Energy Supply and Industry Branch at EPA.
The renewable energy to supply the Empire State Building will be purchased in the form of wind Renewable Energy Certificates (RECs) from NRG Energy, Green Mountain’s parent company. Purchasing these RECs is a widely accepted way to address the greenhouse gas emissions of electricity consumption. Purchasing RECs in the same quantity as the Empire State Building‘s electricity consumption ensures that the amount of energy used by the building is added to the U.S. power grid from renewable sources and supports the further development of these projects.
Green Mountain will work with the Empire State Building to develop materials to educate the building’s tenants and visitors about the benefits of choosing renewable energy.
Green Mountain also offers New York City residents in the Con Edison service territory a choice of competitively-priced clean energy products. The company began serving residential and commercial customers in New York in November 2009.
The Empire State Building’s green power purchase further reinforces the building’s sustainability strategy. In July, the Empire State Building unveiled a $2 million interactive, multi-media sustainability exhibit at the second floor visitor’s center, which showcases a $20 million energy retrofit project that was announced with President Bill Clinton and New York City Mayor Michael Bloomberg. The installation aims to educate the millions of people who visit the building every year on the positive global impact of both energy efficient building and sustainable living practices.
About the Empire State Building
Soaring 1,454 feet above Midtown Manhattan, the Empire State Building is the “World’s Most Famous Office Building.” With new investments in infrastructure, public areas and amenities, the Empire State Building has attracted first-rate tenants in a diverse array of industries from around the world. The skyscraper’s robust broadcasting technology supports all major television and FM radio stations in the New York metropolitan market. The Empire State Building was named America’s favorite building in a poll conducted by the American Institute of Architects. The Empire State Building Observatory is one of the world’s most beloved attractions and is the region’s #1 tourist destination. For more information on the Empire State Building, please visit http://www.esbnyc.com, http://www.facebook.com/ESBObservatory, or @ESBObservatory.
About Green Mountain Energy Company
Green Mountain, the nation’s leading competitive retail provider of cleaner energy and carbon offset solutions, was founded in 1997 “to change the way power is made.” The company is the longest serving green power marketer in the United States. Green Mountain offers consumers and businesses the choice of cleaner electricity products from renewable sources, such as wind, as well as a variety of carbon offset products. Green Mountain customers have collectively helped avoid over 11.3 billion pounds of CO2 emissions. As a wholly owned subsidiary of NRG Energy (NYSE:NRG), Green Mountain is backed by one of the nation’s largest renewable power producers. For more information, visit GreenMountain.com.
About EPA’s Green Power Partnership
The Green Power Partnership is a voluntary program that encourages organizations to buy green power as a way to reduce the environmental impacts associated with purchased electricity use. The Partnership currently has nearly 1,300 Partner organizations voluntarily purchasing billions of kilowatt-hours of green power annually. Partners include a wide variety of leading organizations such as Fortune 500® companies, small and medium sized businesses, local, state, and federal governments, and colleges and universities. For additional information, please visit http://www.epa.gov/greenpower.
Tagged with: Business • Commercial Real Estate • Empire State Building • EPA • Green Energy • Green Mountain Energy • Investment Property • Kilowatt hour • New York • New York City • NRG Energy • Real estate • Real Estate Investing • Real estate investment trust • Real Estate: N.Y. Landmark Goes 100% Green • Renewable energy • Sustainable energy • United States Environmental Protection Agency
Filed under: Real Estate
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