Tag Archives: energy consumption

Performance and profit gains with energy benchmarking

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Measuring the efficiency and cost of buildings’ energy use is essential in today’s real estate market. Buildings account for 40 percent of all energy used in the U.S., with an energy price tag of $450 billion annually. By measuring a building’s energy use through the EPA’s internationally recognized ENERGY STAR® program, commercial real estate professionals can save money and reduce energy consumption. Best of all, it’s free and easily accessed online.

ENERGY STAR® Portfolio Manager gives building owners and managers a baseline understanding of their buildings’ energy use and a benchmark against which to measure performance, according to Zachary Hart of the Institute for Market Transformation. Simply benchmarking energy usage led to reduced energy usage and savings: a 2012 EPA study of 35,000 benchmarked buildings found that they saved an annual average of 2.4 percent in energy costs. Buildings that benchmarked for three years straight saved an average of 7 percent.

In a competitive real estate market, this tool creates a baseline against which buildings can measure their energy usage, both for cost-saving and profit. Tenants are more likely to rent and stay in green buildings. A 2008 study by the CoStar Group found that ENERGY STAR®-labeled buildings rented at $2.40 per square foot more than non-labeled buildings, and that the labeled buildings had a 3.6 percent higher occupancy rate. Energy-efficient buildings are a safer investment for lenders and raise a building’s overall market value.… Read More

Powering smarter buildings with Grid 2.0

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The U.S. power grid summons to mind colossal-sized images: sky-high transmission towers, enormous generating stations and soaring high-voltage transmission lines. It’s a vast, mature and highly complicated infrastructure that continues to keep our homes and businesses illuminated, temperature controlled and vibrantly humming with energy.

Green_PowerGridThe current grid is made up of 2.7 million miles of power lines with power from 5,800 power plants regulated by 3,200 utilities. According to the U.S. Energy Information Administration, fossil fuel power plants using coal, oil or natural gas generate 70 percent of the power for the U.S. with nuclear power plants generating 20 percent. There is a need to not only address the current grid model, but to improve the grid, how we access it and, more importantly, how we pay for energy.

As markets rapidly evolve in an increasingly connected world, power grid technology is physically becoming smaller and our energy density is becoming greater. Thanks to wireless communications and innovative software applications, we are able to integrate electricity generation, transmission and load with data analytics to better understand what is happening on both sides of an electrical meter. It’s called Grid 2.0, and it’s no longer the grid of the future thanks to the Internet of Things (IoT). It is quickly becoming the grid of the here and now, analyzing and integrating data, and adjusting, distributing and personalizing energy based on real-time supply and demand.… Read More

The best intentions do not a plan make: turn corporate sustainability goals into action

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Companies across all industry sectors are committing to develop corporate sustainability plans. It’s no secret that a corporate sustainability plan can improve operational efficiency, reduce environmental impact, increase employee satisfaction, attract top talent and strengthen brand loyalty. It also can provide your company a competitive advantage by increasing its overall value, therefore attracting wealthy investors.

Once your company has committed to establishing a corporate sustainability plan and received engagement from the organization, the next critical step is to implement strategies that will help your company meet its sustainability goals. With the multitude of sustainable strategies and reporting standards available, it can be difficult to narrow the options, focus on the right metrics, and implement the best tactics.

But it may be easier than you think. What our Energy and Sustainability Services (ESS) team has found in helping clients turn their sustainability vision into a reality is that by initiating the following strategies, you’ll be well on your way to meeting your sustainability goals.… Read More

Adding up the sustainability transparency equation

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JLL’s 2016 Real Estate Environmental Sustainability Transparency Index analyses sustainability transparency in real estate for 37 markets across the globe. The index identifies those markets that are leading the charge for sustainability, as well as those markets that are lagging behind, based on analysis of seven environmental sustainability indicators.

The 2016 Sustainability Transparency Index reveals slow – yet steady – progress as sustainability considerations grow in importance across the globe. The Index, which measures transparency based on a 5-point scale (with country scores towards 1 qualified as “highly transparent” and scores towards 5 as “opaque”) for seven different indicators, shows steady improvement over recent years.

 

 

But the obvious question remains – what environmental sustainability factors indicate whether a market is opaque or transparent?Read More

4 things you need to know about solar battery storage

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Simone Concha, JLL’s Director of Sustainability – Australia, discusses the concept of solar battery storage and what it means for your business. To learn more about the benefits that solar battery storage can bring to your organization, contact JLL’s Alternative Energy Services team.    

What is a solar battery?

Solar battery storage is a way of saving the energy generated by solar panels, to be used at a time when the sun is not shining. It’s more significant than you may think: while traditional solar power is considered “variable” – because it is affected by weather, time of day, and other factors – solar battery storage offers a consistent, reliable alternative.

As a result, solar battery storage has the potential to drive down the cost of renewable electricity and increase the uptake of electric cars – both of which are important milestones in the transition to a low carbon economy.… Read More