OAKLAND, Calif., Nov. 15, 2017 /PRNewswire/ -- MACH Energy, a leading provider of energy and water management software and services, published the results of its research paper "ENERGY STAR: An Analysis Of Economic Benefits To The Built Environment" on the role of the Environmental Protection Agency's ENERGY STAR program in building management and commercial real estate. MACH found strong support for ENERGY STAR, with industry groups and leaders making unequivocal statements touting its benefits, and the detrimental effects on entire industries and workers should the program be eliminated.
The research paper is a comprehensive analysis of the history, benefits, and future of ENERGY STAR and includes survey results from more than 400 building professionals as well as interviews with key industry leaders from BOMA, USGBC, City of San Francisco, and CBRE among others. This broad constituency provided input on a range of topics including: ENERGY STAR's significance, its benchmarking tool, Portfolio Manager, and concerns about reduced funding. The full report can be viewed here: https://contact.machenergy.com/energy-star-white-paper-2017/
Dave Pogue of CBRE states, "ENERGY STAR was a cornerstone on which we built our sustainability practice - it was important for us to understand where buildings stood in a relative sense. Today, we have almost 6000 buildings benchmarked."
In the US, buildings account for 40% of total energy consumption. With increased sensitivity to energy costs as well as adoptions of building energy benchmarking regulations, ENERGY STAR is a more important tool than ever to help improve energy efficiency. ENERGY STAR certified products and buildings helped Americans save $34B in energy costs in 2015 alone, according to the EPA.
Key takeaways from survey of building professionals including property managers, asset managers, engineers and others include:
- 78% would be concerned if ENERGY STAR funding was reduced/removed
- 75% are unfamiliar with benchmarking tools aside from ENERGY STAR
- 64% reported Portfolio Manager usage
- 61% are required to benchmark their facility/portfolio's consumption
"ENERGY STAR and Portfolio Manager are an integral part of the building sector," said Jon Moeller, CEO of MACH Energy. "Its remarkable success as a voluntary program, widespread implementation, and lack of viable alternatives are obvious and we hope that its value is recognized."
About MACH Energy
MACH counts hundreds of commercial, REIT, hotel, and corporate building owners as customers, encompassing hundreds of millions of square feet. www.machenergy.com
SOURCE MACH Energy