Some industries, such as technology and online media, are doing well amid COVID-19, even as the pandemic cuts a swath through virtually every public health, political, social and economic structure. Other segments of the economy, such as travel and hospitality, face a perilous future. And what about the vital energy sector? Before the pandemic hit, energy demand was projected to grow 12% between 2019 and 2030, as developing nations broadened their power generation capacities. But COVID-19 “has brought the generation of energy from fossil fuels to breaking point,” says the World Economic Forum, with global energy demand declining by 5% in 2020. Despite a larger population and world economy, demand in 2050 will be about the same as it is today, according to risk management and quality assurance experts DNV GL, due partly to the effects of COVID-19. “The scale of the fall in demand, the speed of change, and how widespread it has been have generated a radical shift that seems to be more than a temporary short-term drop in demand for fossil fuels, at least in the power sector,” Nelson Mojarro, a World Economic Forum advisor, said in June. That development has opened the door for renewable energy generation to play an even more prominent role on the world energy scene. Renewables, including solar, whose cost has fallen by 82% over a decade, are the lowest-cost source of new power generation, according to the International Renewable Energy Agency. That trend is expected to hold over the foreseeable future. And COVID-19, Mojarro says, “has had a game-changing effect in accelerating the clean energy transition in the power sector.” Within 10 weeks of the start of widespread lockdowns, according to data compiled by the International Energy Agency, the U.S. increased its renewable energy consumption...

The cost of water can be deceptively low — it doesn’t include the energy expenses of pumping and heating the water. When you evaluate water and energy efficiency together, you’re in a better position to maximize resource and cost savings. Multifamily companies can get some quick wins with minimal effort and no (or low) capital expenditure. All you need to do is make some changes to operations and maintenance practices along with minor retrofits or replacements as needed. The Environmental Protection Agency’s (EPA) WaterSense program recently shared strategies to save energy and water in the webinar “Reducing Costs with Quick Water Wins.” WaterSense is a voluntary program launched by the EPA in 2006 that provides a simple way to identify water-efficient products, programs and practices. In the webinar, the EPA’s Tara O’Hare highlighted the connection between water and energy, often referred to as the energy-water nexus, since every gallon of water has an energy footprint for pumping, moving, heating and treating water. To keep costs low, WaterSense offers the following tips: Review all bills for accuracy Check facility rate class and water meter size on bills Work with your local utility to correct any problems Identify leaks and waste O’Hare said that energy and water leaks linked to continuously running water comprise approximately six percent of water use and that potential financial losses from water such as a drip irrigation malfunction or an unattended water hose at night can amount to $4,300 or $16,000 per year, respectively. How can you make sure this doesn’t happen at your property? Conduct a walk-through to identify leaks (look for puddles and drips) and ask for the vigilance of employees and tenants to help identify leak and waste indicators as soon as they occur. Follow best practices You’ve...

In March, the U.S. Environmental Protection Agency awarded Yardi one of 191 ENERGY STAR® Awards for 2020 for national leadership in creating cost-saving energy efficient solutions. The company earned its second consecutive ENERGY STAR Partner of the Year Award, EPA’s highest level of recognition, for helping clients benchmark energy and water usage, widely promoting ENERGY STAR resources and earning ENERGY STAR certification for its corporate headquarters. And what did the other 190 award winners achieve? Their initiatives show that organizations in every sector of the economy – whether a real estate services leader, industry trade association, toothpaste manufacturer, baked goods pacesetter, top-tier university, venerable automobile manufacturer or aerospace behemoth – can find ways to protect the environment and save energy. Here’s a sampling of the most recent ENERGY STAR Award winners: Global commercial real estate services provider Cushman & Wakefield gave its tenants more than 20 presentations on implementing energy efficient practices and using ENERGY STAR-certified equipment. The company also trained vendors, brokers and building contractors in energy management goals and in using ENERGY STAR as a market differentiator. Cushman & Wakefield achieved ENERGY STAR certification for 130 buildings in 2019. BOMA International, a trade association for commercial real estate professionals, completed Year 2 of its W2 Challenge, an initiative to benchmark water use and waste output that was built with the support of a grant from Yardi. The organization also continued its ENERGY STAR-related education and recognition programs in 2019 and prominently featured ENERGY STAR in its videos, industry conferences, magazine, e-newsletters, webinars and social media. Bimbo Bakeries USA, whose brands include Thomas’, Sara Lee, Arnold and Entenmann’s, reduced energy use by 2.3% from the previous year and became the first major baking company to purchase renewable energy for 100% of its electricity...

Earlier this year, The Balance Sheet summarized some energy technology projects sponsored by the Advanced Research Projects Agency-Energy (ARPA-E), which carries out R&D for the U.S. Department of Energy. Here are a few more active projects. Warm and cool on demand Syracuse University seeks to improve comfort for office building occupants with a near-range micro-environmental control system. The system would store the cooling produced by the compression system at night and release it as a cool breeze of air to make occupants more comfortable during the day. And when heating is needed, the system would draw heat from its phase-change material and deliver warm air. Syracuse claims that the control system, combined with an expanded set-point range, could save more than 15% of the energy used for heating and cooling while maintaining occupant comfort. “If successful, [the control system] could increase energy efficiency, reduce emissions produced by powering traditional HVAC systems, and enable more sustainable heating and cooling architectures for energy-efficient building design.” Building breath test Specialized sensors tip off a building’s HVAC system that carbon dioxide-exhaling people are around and need ventilation. A Purdue University team is working on small-scale sensing systems that would use mass and electrochemical sensors to detect the presence of CO2. The Purdue team believes that combining two unique sensing technologies into a single package for monitoring CO2 levels could reduce building energy use by nearly 30% without sacrificing occupant comfort. Chopping home energy costs Meanwhile, researchers at Texas A&M University are looking at new detection solutions for residences, specifically enhanced pyroelectric infrared sensors that track occupancy and activity. Whereas such detection sensors traditionally can only notice people in motion, Texas A&M’s proposed system would identify non-moving heat sources. Quantitative information on movement would come from an “optical chopper”...

Along with tracking the momentous public health and economic implications of COVID-19, renewable energy advocates are keeping a close eye on how the pandemic is affecting the Earth’s environmental well-being. The International Energy Agency, which advocates for sustainable energy policies, reported that average global road transport activity fell by 50% of the 2019 level in the first quarter of 2020, while aviation activity declined 60%, spurring an unprecedented decline in world oil demand. The U.S. saw a 50% reduction in the use of jet fuel and 30% less gasoline consumed; meanwhile, natural gas use in commercial and residential buildings dropped by almost 20% from late March to early June of this year, according to a study of COVID-19’s effects on energy and the environment by researchers from the MIT Sloan School of Management, Yale University and Northwestern University. Reductions spark optimism “Overall, these reductions reflect a 15% total reduction in daily CO2 emissions, which is the largest annual percentage decline for the U.S. in recorded history,” says MIT Sloan professor Christopher Knittel, one of the researchers. The recent drop in consumption and emissions offers a glimpse of a cleaner future – if the effort is sustained after the crisis abates. In the wake of COVID-19, “it is essential that we build back better. We need to create a more resilient and sustainable clean energy system in order to reduce the risk of facing the catastrophic crises that climate change could bring,” says Jules Kortenhorst, CEO of the Rocky Mountain Institute, writing for the World Economic Forum. That means prioritizing structural changes that “make a real difference for the energy transition in the longer term” rather than jumping on “the bandwagon to push the green agenda in short-term relief packages,” say researchers from ETH Zurich’s...

When you invest in your energy strategy, the rewards are proportionate. Simply put, the upgrades can pay for themselves. You just have to get the ball rolling first. That was just one of the key takeaways from our recent webinar on energy efficiency with McKnight’s Senior Living. Randy Moss of Yardi led the discussion on ENERGY STAR benchmarking and best practices for providers, and he was joined by Christopher Wright from Merrill Gardens, who shared his company’s own experience with tracking energy usage and reducing spend. Merrill Gardens’ road to energy success Starting in 2016, Merrill Gardens was required to record and report their energy usage by the city of Seattle. And at first, everything was done manually. Staff were pulling data from paper bills and accounting systems to upload into ENERGY STAR for benchmarking. Eventually, the city’s utility provider enabled automated data sharing, which simplified the entire process. The state of California soon followed with regulatory requirements, and seeing the writing on the wall, Merrill Gardens began rolling out benchmarking at all of their communities nationwide. Like in Seattle, many utilities needed manual data entry at first, but nowadays, the majority allow automated data transfer. By late 2019, Merrill Gardens had a year’s worth of data, which gave them great visibility into their buildings’ usage compared to one another. “Based on those sorts of trends, we already had the ability to identify buildings to focus special attention on for CapEx and operation improvements,” said Wright. Unfortunately, the pandemic brought new hurdles, but that only sharpened their focus. “In early 2020, like everyone else, we discovered our resources were suddenly and unexpectedly limited, while at the same time, savings and operational efficiencies were even more important,” said Wright. “Partnering with Yardi over the last...

As the COVID-19 crisis drives up labor and equipment costs in senior living, providers are looking for sure-fire ways to save without sacrificing on care or quality. One avenue that few providers have pursued is energy management. Not considered a significant challenge by many, utility spend actually ranks as the third highest expense, after payroll and food. It’s also much easier to tackle from a cost-control perspective than you might think. Yes, swapping in LED light bulbs is one way to shrink the energy bill, but the real advantages (and savings) start with just knowing how much energy is used. By benchmarking your communities’ energy consumption, and you open up many possibilities to conserve. There’s more value in a cohesive energy strategy than just saving money, too. Many residents appreciate and look for a building that follows sustainable practices. In fact, the baby boomers are more eco-conscious than their Gen X and millennial counterparts are. Those over 65 are three times more likely to say they live in environmentally friendly ways “all the time.” If that weren’t reason enough to revisit your energy approach, consider that state, county and local jurisdictions are increasingly asking real estate operators — senior housing included — to record and report on their usage. Take Seattle for example. Back in 2013, the city passed a resolution in pursuit of carbon neutrality that requires non-public buildings larger than 10,000 square feet to disclose their utility benchmarking data. For Merrill Gardens, based out of Seattle, that meant they had to quickly roll out centralized utility tracking. So how’d they pull it off? And what benefits have they seen since? Join us on Tuesday, June 16, at 10 a.m. PDT (1 p.m. EDT) for a live webinar with McKnight’s Senior Living to...

In 2019, hundreds of organizations including real estate firms used Energy Treasure Hunts to reduce energy use by up to 15 percent and they’re hoping for even more participation in 2020. As explained on the ENERGY STAR® website, Energy Treasure Hunt teams walk around facilities looking for quick ways to save energy. Those fast fixes can add up to big savings, which is like finding buried treasure. Companies from various industries participated in the inaugural year’s Energy Treasure Hunt including AMLI Residential, Bozzuto Management, Colgate, Allergan, Kilroy Realty Corporation, Columbia Association, Boeing, Lockheed Martin and Nissan. For multifamily and commercial real estate operators, the Energy Treasure Hunt checklist, called a Treasure Map, includes a detailed audit of lighting, building envelopes (inspecting all doors and windows for gaps and damage), equipment and plug loads and HVAC systems. Using energy efficient lighting, improving insulation and managing power usage proved to be a few easy ways to save money, and thousands of dollars in potential annual savings were uncovered. Here are some highlights: Kilroy Realty Corporation found a potential annual savings of $20,300. Top savings opportunities identified: Retrofit the exterior lighting in all parking areas Retrofit lighting in all indoor common areas Conduct retro-commissioning For AMLI Residential, the audit revealed a potential annual savings of $7,800. Top savings opportunities identified: Implement checks to ensure correct set points in vacant and common areas Insulate hot water heater supply piping within the HVAC closets Use power management setting on business center and leasing office computers Bozzuto Management Company discovered a potential savings of $10,190. Top savings opportunities identified: Implement LED retrofits Install lighting controls and sensors Establish thermostat setting standardization While identifying precise dollar amounts in potential savings is exciting, even before an Energy Treasure Hunt most companies realize...

Sacramento is one of the first cities to renegotiate its path towards sustainable power. Since the inception of California’s rooftop solar mandate, several municipalities have scrambled to accommodate the push towards clean energy. Sacramento may be the first of many cities to take advantage of a loophole in the mandate. Community solar The California Energy Commission approved a proposal from the Sacramento Municipal Utility District (SMUD) that would allow developers to use offsite solar panel installations in some new construction. The community solar option would allow developers to explore more cost-effective options for powering homes off-site. The existing community solar provision applies to shaded apartment buildings and single-family homes. The approved proposal opens the door for developers to choose rooftop solar or SMUD’s community solar for any project in the municipality. Ethan Elkind, director of the climate program at UC Berkeley’s Center for Law, Energy and the Environment explains the implications of the new provision. “There is a really strong precedential value here,” he said. “This is a new regulation that just went into effect, and this community solar piece of it hasn’t really been tested, and so it’s going to set a precedent for years to come for how utilities and real estate developers will respond to this regulation.” New yet weakening regulation? In essence, the new mandate is already accepting exceptions. Rooftop solar advocates fear the broader implications.  Laurie Litman, member of the climate group 350 Sacramento, expressed her apprehensions: “The concern is that if it’s cheaper for developers to not put solar on people’s homes, then they’re going to opt for that choice,” says Litman. “That’s going to undermine the solar homes mandate throughout the state because then other areas and other utilities will ask for that waiver as well.” Secondly,...

According to the Environmental Protection Agency, using energy efficiently is one of the fastest and most effective ways to save money, reduce greenhouse gas emissions, create jobs and meet growing energy demand. Yardi has once again been named ENERGY STAR® Partner of the Year. The award celebrates companies demonstrating superior leadership, innovation and commitment to environmental protection through energy efficiency and ENERGY STAR. ENERGY STAR provides information that consumers and businesses rely on to make well-informed energy efficiency decisions. Thousands of industrial, commercial, utility, state and local organizations — including more than 40% of the Fortune 500® — rely on their partnership with the U.S. Environmental Protection Agency to deliver cost-saving energy efficiency solutions. The award acknowledges Yardi’s effort to educate and support clients with benchmarking services and technology solutions across a variety of real estate sectors. In 2019, Yardi helped more than 100 clients benchmark energy in ENERGY STAR® Portfolio Manager® for over 2,300 buildings, leading to a nearly 110 percent increase from the previous year. Yardi helped clients benchmark water in over 2,000 buildings, a 300 percent increase from 2018. In addition, Yardi actively promotes ENERGY STAR benefits, publishing more than 20 articles and providing resources for benchmarking energy performance and energy management such as  webinars, client conferences courses, executive briefings sessions and other activities. “We are very proud of our clients’ continued success in using ENERGY STAR resources to achieve their corporate and community sustainability goals and we look forward to helping them and the industry reap even more ENERGY STAR benefits going forward,” said Anant Yardi, president and founder of Yardi. The company has earned ENERGY STAR certification for its corporate headquarters in Santa Barbara, Calif., and helps its real estate clients measure success and provide visibility into their ENERGY STAR...

The U.S. Energy Information Administration distributes information on energy-related trends and milestones. Here’s a sampling of recent postings from the EIA’s Today in Energy news and information resource. Renewables on the rise The EIA projects that electricity generation from renewable sources such as wind and solar will surpass nuclear and coal by 2021 and natural gas in 2045. Most of the growth in renewable electricity generation comes from wind and solar, which account for about half of renewable generation today. These technologies will account for nearly 80% of the renewable total in 2050. New wind capacity is expected to continue at much lower levels after production tax credits expire in the early 2020s. Growth in solar photovoltaic (PV) capacity will continue for both utility-scale and small-scale applications through 2050 because of declining PV costs. In April 2019, U.S. monthly electricity generation from renewable sources exceeded coal-fired generation for the first time. Wind blows by hydro In 2019, annual wind generation exceeded hydroelectric generation as the top renewable source of energy generation in the U.S. for the first time. Wind generation totaled 300 million megawatthours (MWh) in 2019, exceeding hydroelectric generation by 26 million MWh. Energy consumption heats up World energy consumption will grow nearly 50% by 2050, with the growth focused in regions where strong economic growth is driving demand, particularly Asia. The industrial sector, including refining, mining, manufacturing, agriculture and construction, will account for more than half of end-use energy consumption through 2050, by which time global industrial energy consumption will reach about 315 quadrillion British thermal units (Btu). Transportation energy consumption is slated to increase nearly 40% by 2050 and is largely driven by developing countries with non-market economies. Energy consumed in the buildings sector, which includes residential and commercial structures, is...

Here’s a look at some energy milestones from the last time a ’20s decade dawned—a period described by Marquette University economics professor Gene Smiley as “the first truly modern decade.” Wind. In 1919, two Danish engineers advanced windmills’ state of the art by designing blades that worked like the wings of an airplane. Their “Agricco” could turn to adjust to the wind flow and automatically rotated to face into the wind. A German-developed windmill capable of producing electricity from wind and the U.S.-bred first wind power company followed in 1920 and 1922, respectively. Wind technology was superseded in the 1930s by power lines capable of transmitting electricity to rural areas. In common with other renewable energy sources, wind experienced a renaissance in the wake of the oil crises of the 1970s. Today, “renewable energy is seeing a boom in growth, with wind energy leading the way” and accounting for nearly 7% of U.S. electricity generation, according to the National Geographic. The World Wind Energy Assn. reports that global capacity for wind turbines reached 600 gigawatts by the end of 2018. There are 57,000 land and offshore wind turbines in the U.S. alone. Geothermal. At The Geysers, some 70 miles north of San Francisco, molten rock lying relatively close to the Earth’s service heats water in overlying permeable rock to very high temperatures. In 1921 an engineer drilled a geothermal well that powered a generator for lighting a local resort. In 1960, a steam-generated plant at The Geysers began generating electricity commercially. The Geysers stands today as the world’s largest commercially productive geothermal field. Its average output in 2017 was 647.7 net megawatts. Geothermal energy—which can be used for heating, cooling and generating electricity—contributes more than 3.7 gigawatts to the national grid, making the U.S....

The Advanced Research Projects Agency-Energy (ARPA-E), the U.S. Department of Energy’s R&D arm, has provided about $2 billion dollars for more than 800 potentially transformational energy technology projects since 2009. Here’s a sampling of projects currently receiving support from ARPA-E. Fill it up, fast.  The University of Illinois, Chicago, is designing a new high-power converter circuit architecture for charging electric vehicles quickly. “The reduced weight and size of the universal battery supercharger can enable both off-board stationary fast charging systems and [serve] as a portable add-on system for EV customers who require range enhancement and quick charging in 15 minutes,” ARPA-E says. The system’s bidirectional power flow capability enabling vehicle-to-grid dispatching offers another potential benefit. No-pain windows. Massachusetts-based thermal management solutions provider Aspen Aerogels and its partners are working on a cost-effective, silica aerogel-insulated windowpane for retrofitting single-pane windows. Silica aerogels are strong insulators that resist the flow of heat. The team’s design consists of an aerogel sheet sandwiched between two glass panes to make a double glazed pane. It would be manufactured using an innovative supercritical drying method that significantly reduces drying time. The windowpane could be used to replace, at substantially lower cost, single panes in windows whose thickness or weight preclude replacement with common double-pane units. Frozen hope. Massachusetts renewable energy technology provider American Superconductor (AMSC) is developing a freezer that doesn’t rely on harmful, inefficient liquid refrigerant systems and is more energy efficient than conventional systems. The solution uses helium gas as its refrigerant, offering hope for a safe, affordable and environmentally friendly approach to cooling. High-efficiency freezers could be mass-produced cost effectively and without polluting refrigerants. Scrap value. Lexington, Ky.-based advanced materials developer UHV Technologies Inc. is working to apply X-rays to distinguishing between high-value metal alloys found in...

If sustainability is a part of your branding, the holidays are your time to shine. Did you know that from Thanksgiving to New Year’s Day, Americans toss about one million extra tons of trash each week? The additional waste is mostly holiday packaging, wrapping, and shipping supplies. Americans are particularly wasteful with energy during the holidays, too. Households in the US consume more energy during the holidays that some countries do in a year. Multifamily properties can set new precedents for the holidays. Below are six tips to make your property more environmentally friendly and cost efficient. By implementing conservation techniques and rewarding resident participation, we can break the tradition of holiday waste. Sustainable Switches, Great and Small Do you have a healthy budget for sustainable upgrades, or are you’re advocating for Mother Earth with your bare hands? Below are a few tips for budgets of any size. Make the Switch to LEDs If you haven’t already made the switch to LED lights, do so. This includes your holiday lighting. According to Eartheasy, the average business can save about $3,700 per year, per 25 bulbs. Each LED bulb last up to 200,000 hours, meaning that you replace bulbs and strings of lights less often. Step Up Recycling After the holidays, host recycling hauls for residents. For example, invite residents to bring their outdated electronics down to a truck near the leasing office. It’s then a single trip to recycle tablets and smart phones for the entire community. (Many electronics store offer recycling services.) You can also invite a tree specialist to the property to clear Christmas trees. Some companies will bring a mulching truck and recycle trees on the spot! Improve Utility Billing Some residents decorate like there is no tomorrow. Others leave town or skip the décor...