SAN FRANCISCO—Gridium's energy efficiency retrofit project constructed at 550 Montgomery St. on behalf of Downtown Properties is the first to leverage PG&E's commercial whole building program. This performance-based program financially rewards customers for every unit of energy saved.
As constructed, this project is expected to improve building operations, exceed project costs with energy savings in five years and reduce annual energy costs by $0.26 per square foot or 15% of total energy costs.
"Our new program measures efficiency savings with innovative normalized metered energy consumption methods, leveraging the advanced technology used by SmartMeters. This first project shows that measuring energy at the meter is the next crucial step towards unlocking deeper energy efficiency. We can now incentivize project-based savings we see at the meter, while helping ensure the savings persist and that everyone's economic objectives are met," said Aaron August, vice president of business development and customer engagement for PG&E.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
