News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Energy Benchmarking Takes Hold
Jennifer Goodman / ECOSTRUCTURE / April 16, 2013
Affordable housing nonprofit saves 15 percent on energy bills after benchmarking turns up areas for improvement.
Multifamily building stock in the United States has great potential for significant energy efficiency gains, with energy savings estimated at $9 billion, according to a recent report from the Institute for Market Transformation (IMT). (Click here for related story.) The study found that while energy costs have risen 20 percent in the past decade, new energy benchmarking laws in major cities that require owners of multifamily buildings to measures or disclose their properties’ energy consumption are allowing owners, policymakers, utilities, and lenders to craft better programs and incentives for energy-efficient buildings.
Below, ECO-STRUCTURE talks to Dan Teague, director of business development at WegoWise, a Boston-based utility intelligence provider that tracks and benchmarks utility usage across building portfolios to reduce costs. WegoWise has the largest database of utility use in multifamily properties in the country and recently launched its commercial platform.
What is the difference between energy tracking and benchmarking?
Energy tracking and benchmarking are simple yet powerful ways to understand the energy performance of your building or entire building portfolio—and ultimately reduce one of the biggest operating expenses for building owners. Energy tracking encompasses several approaches. Elaborate building management systems implement sensors and interval data to track all aspects of existing buildings—things like the usage of each light in a building or the temperature in each room. We’re also seeing the rise of a new array of cloud-based tools that provide data analysis and recommendations with less infrastructure and lower costs.