Sunday, January 16, 2011

Green Power for the Empire State Building

I believe for 2011 we are going to hear more about renewable energy credits. R.E.C.s are tradable, non-tangible energy commodities in the U.S. that represent proof that 1 megawatt-hour (MWh) of electricity was generated from an renewable energy resource such as wind, solar or geothermal. These attractive credits are part of larger initiatives that impact climate change, reduce emissions, increase savings and more importantly help us reach operational efficiency.

Green Power has been evolving on the compliance and voluntary markets with different prices to suite a business need. However, the Environmental Protection Agency, which “supports the organizational procurement of green power” through its Green Power Partnership Program, is a prime mover along these lines. The program’s Green Power Leadership Awards for 2010 recognize a number of businesses and organizations — including the Indianapolis Zoo, which now covers 100 percent of its electricity needs (14 million kilowatt-hours annually) through R.E.C. purchases. The Intel Corporation, which buys 1.4 billion kilowatt-hours worth of R.E.C.s about half of its annual consumption in the U.S. has been the national leader since 2008.

Now the Empire State Building on January 6th, announced it will be become the largest commercial purchaser of renewable power in the state. A two-year deal was brokered with Green Mountain Energy, (recently acquired by NRG Energy of New Jersey) allowing the Empire State Building to purchase 55 million kilowatt-hours worth of renewable energy certificates annually, which are primarily sourced by wind power facilities. This assists in preventing about 100 million ponds of CO2 each year. The CO2 reduction is the equivalent of nearly every house in New York state turning off their lights for a week or planting nearly 150,000 trees, more than six times the number in Central Park.

Source: The New York Times, 2011

2 comments:

john smith said...
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