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Energy efficiency retrofits could produce $1 trillion in savings for the US

Energy efficiency retrofits could produce $1 trillion in savings for the US


Drew Ballensky | March 7, 2012

Investments in energy efficiency retrofits for buildings could yield more than three times their value—or about $1 trillion in energy savings in a decade, according to new research from Deutsche Bank and The Rockefeller Foundation. The new report, "United States Building Energy Efficiency Retrofits: Market Sizing and Financing Models," says that $1 trillion of savings would result from $279 billion of spending on retrofits of residential, commercial, and institutional buildings in the United States.

Obtaining financing for retrofits has proven to be the biggest barrier to broader market adoption. The new report, called the "United States Building Energy Efficiency Retrofits: Market Sizing and Financing Models," seeks to address that issue by outlining four emerging mechanisms—energy service agreements, PACE financing, on-bill energy efficiency tariffs, and on-bill energy efficiency loans—as well as other more established financing methods.
(http://www.rockefellerfoundation.org/news/publications/united-states-building-energy-efficiency)

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Drew Ballensky | Jan 14, 2014

D.C. Navy Yard building, site of mass shooting, will be renovated

A remembrance area and a new visitor's entrance will be among the changes when the Navy rebuilds Building 197 of the Washington Navy Yard, where a gunman killed 12 people and then was killed in a shooting spree in September 2013.

Drew Ballensky | Jan 6, 2014

Energy-efficiency retrofits can help reduce healthcare costs

Reducing energy consumption through energy-efficiency retrofits represents an underappreciated way to cut healthcare costs, according to the Rocky Mountain Institute.

Drew Ballensky | Jan 2, 2014

West Hollywood drug den to be remade into boutique hotel

San Vicente Inn, a cluster of century-old historic bungalows, known as a haven for nudists and drug users, in West Hollywood, Calif., will be converted into a boutique hotel.

Drew Ballensky | Dec 27, 2013

U.S. Capitol dome’s cracks to be repaired during $60 million renovation

Rings of scaffolding will start to rise this spring around the cast-iron dome of the U.S. Capitol in Washington as part of a $60 million renovation project to repair more than 1,300 cracks.

Drew Ballensky | Dec 16, 2013

Major renovation for historic Northwestern Building in Minneapolis

Minneapolis’s Northwestern Building, originally built in 1914 as a glass factory, is undergoing a major renovation. The 85,000-sf, four-story building is now serves as office space for multiple tenants in Minneapolis’ North Loop neighborhood.

Drew Ballensky | Dec 9, 2013

Bethlehem, Pa., receives preservation award for Bethlehem Steel building renovation

Bethlehem, Pa., is a recipient of a 2013 award by Preservation Pennsylvania for a renovation of the oldest building on the former Bethlehem Steel Corp. site.

Drew Ballensky | Dec 2, 2013

Army Corps of Engineers workers displaced during renovation of federal building in Huntington, W. Va.

A $47.6 million overhaul of the Huntington Federal Building in Huntington, West Virginia, includes altered traffic lanes on adjoining streets and the displacement of some of the more than 500 U.S. Army Corps of Engineers employees who work in the building.

Drew Ballensky | Nov 25, 2013

Plans for massive redevelopment of Ft. Monmouth in New Jersey likely to be revised

The redevelopment of Fort Monmouth, a former New Jersey army base, is likely to be revised on a building-by-building and parcel-by-parcel basis, officials say.

Drew Ballensky | Nov 18, 2013

Office design trends spurring office building renovations in Grand Rapids, Michigan

Key office design trends such as downsizing of overall space, more open floor plans, and the inclusion of more collaborative workspaces are prompting property owners in Grand Rapids, Mich., to renovate thousands of square feet of office space.

Drew Ballensky | Nov 11, 2013

Reconstruction of historic Salzburg, Austria railroad station took complex planning

Salzburg, Austria’s Central Station remained in operation during reconstruction, a feat that required complex planning.

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