UI Finds Energy Savings with EDF Climate Corps
On October 21, Environmental Defense Fund (EDF) announced the findings from EDF Climate Corps in Chicago, a program surfacing scalable energy solutions for multi-tenant commercial buildings in the city. Urban Innovations tasked its EDF Climate Corps fellow with developing an automated, capital budgeting tool that allowed UI to refine its budgeting process and drive significant energy and cost saving efforts. In analyzing Urban Innovations' budgeted projects for the coming year, the tool has already identified more than $72,000 in immediate rebates and driven capital equipment decisions that will yield $70,000 in annual energy cost-savings.
“EDF Climate Corps helped us to find the best ways to manage our impact on the environment,” Mike Scilingo, President of Urban Innovations said. “As Urban Innovations continues its efforts to re-use existing buildings, we hope this new tool will serve as a financial planning prototype for similar buildings.”
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