Wednesday 15 November 2017

New York gives $12m for efficient factories and homes

New York gives $12m for efficient factories and homes

The State of New York is to provide $12 million (£9.1m) in funding to improve the energy efficiency of industrial and multifamily buildings.

The announcement from Governor Andrew M. Cuomo expands the Real Time Energy Management (RTEM) initiative launched last year to enhance efficiency in offices, hotels, universities, hospitals and shops.

RTEM systems continuously monitor energy usage to pinpoint operational inefficiencies, identify conservation measures and help justify spending on improvements.

The new wave of funding is broken down into $5.7 million (£4.3m) for the industrial sector, $830,000 (£630,550) for multifamily RTEM projects and $6 million (£4.5m) for commercial RTEM projects using cloud-based controls.

RTEM projects are said to save more than 5% on building energy costs, as well as reduce the need for maintenance, improve building occupant comfort and increase operational reliability.

Governor Cuomo said: "By deploying cutting edge clean energy technology and software, this program helps business owners improve efficiency, reduce costs and helps us combat climate change.

"Across New York, we are investing in state-of-the-art clean energy solutions to create a greener, more sustainable future for all."

Written by

Bruna Pinhoni

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