In 2014, NorthBay VacaValley Hospital became one of the first U.S. health care facilities to install an energy-efficient, ultra-smart outdoor LED lighting system. The award-winning project was so successful that the NorthBay Healthcare group is now considering expanding the VacaValley system and retrofitting the outdoor lighting at other sites.
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UC Davis established the Smart Lighting Initiative (SLI), an effort to reduce campus-wide lighting electricity consumption at least 60% below 2007 levels. The first phase of this program included a large-scale deployment of over 1,500 network-controlled LED streetlights, area lights, post-tops, and wall packs. The “ultra-smart” lighting installation has reduced annual energy use by an estimated 1,231,758 kWh, saving $120,909 annually in energy and maintenance costs.
Evidence has shown that owning and operating energy-efficient, high-performance properties is a sound investment strategy that results in multiple financial benefits, including lower utility bills, higher rents, improved occupancy, and greater net operating income (NOI). To overcome difficulties in isolating moderating factors and identifying specific drivers behind sustainability-related improvements in financial performance and value to investors, DOE commissioned this pilot study; designed to test the logistical and empirical procedures required to conduct real estate research and contribute to the existing body of evidence in this field.
Commercial mortgages currently do not fully account for energy factors in underwriting, valuation and asset management, particularly as it relates to the impact of energy costs on net operating income. As a consequence, energy efficiency is not properly valued and energy risks are not properly assessed and mitigated. Commercial mortgages are a large lever and could be a significant channel for scaling energy efficiency investments.
This case study describes how Brandywine utilizes two components in its lease to drive energy efficiency and data transparency in its managed portfolio. These measures enable the company to track energy usage, implement cost-effective energy efficiency measures, meet energy-saving targets, and save tenants money.
This case study describes how Pyramid wrote and implemented green leasing language, and worked with tenants to provide tools and guidance to improve their spaces’ energy efficiency.
The California Lighting Technology Center partnered with Finelite, Inc. and Adura Technologies to develop and demonstrate a unique, wireless task/ambient office lighting solution ideally suited for the retrofit market. The system consists of two key elements: a task/ambient lighting system and advanced, wireless lighting controls. The combination substantially reduce energy use and improves lighting quality, and provides personal lighting control for individual work spaces, and does not require additional wiring or rewiring of existing luminaries or lighting circuits. The system has three specific components: adaptive ambient lighting, light-emitting diode task lighting, and wireless controls.