The Building Button, a new tool launched by the Investor Confidence Project (ICP), standardizes the collection of data from energy efficiency projects, and “makes it easy to share that information with investors, building owners, developers, and utilities,” according to a news release.
Based on the U.S. Department of Energy’s Building Energy Data Exchange Specification, the tool integrates best practices and specifications developed by ICP and the U.S. Department of Energy’s Lawrence Berkeley National Laboratory (Berkeley Lab), including the Building Energy Data Exchange Specification (BEDES). Expressing energy efficiency data in a common language, the Building Button allows all parties to compare specifications across multiple projects with one click. This ability helps to reduce underwriting and actuarial analysis costs, builds trust in energy savings, and drives market demand for energy efficiency projects.
“One of the major barriers to wide-scale adoption of energy efficiency is the hassle factor,” said Matt Golden, ICP director. “Every investment is unique, with data lodged in incompatible spreadsheets, documents, and other digital files. The lack of uniform data standards means that transaction costs are prohibitively high. The Building Button helps solve that by establishing guidelines for all project data, streamlining the process of project development and investment.”
In 2017, ICP will join Green Building Certification Inc. (GBCI) to create the first global underwriting standard for energy efficiency projects.
Related Stories
| Oct 4, 2011
GREENBUILD 2011: Wall protection line now eligible to contribute to LEED Pilot Credit 43
The Cradle-to-Cradle Certified Wall Protection Line offers an additional option for customers to achieve LEED project certification.
| Sep 23, 2011
Okanagan College sets sights on Living Buildings Challenge
The Living Building Challenge requires projects to meet a stringent list of qualifications, including net-zero energy and water consumption, and address critical environmental, social and economic factors.
| Sep 19, 2011
Portland team hired as LEED and commissioning consultants for $5.5B downtown sustainable project in Qatar
The $5.5 billion sustainable downtown regeneration project underway by Msheireb Properties will transform a 76 acres site at the centre of Doha, Qatar’s capital city, recreating a way of living that is rooted in Qatari culture, attracting residents back to the city center and reversing the trend for decentralization.
| Sep 14, 2011
USGBC L.A. Chapter's Green Gala features Jason McLennan as keynote speaker
The Los Angeles Chapter of the nonprofit USGBC will launch its Sustainable Innovation Awards this year during the chapter's 7th Annual Green Gala on Thursday, November 3.
| Sep 12, 2011
PVs play new roles as a teaching tool
Solar installations are helping K-12 schools around the country save money and teach students the intricacies of renewable energy sources.
| Sep 12, 2011
Living Buildings: Are AEC Firms up to the Challenge?
Modular Architecture > You’ve done a LEED Gold or two, maybe even a LEED Platinum. But are you and your firm ready to take on the Living Building Challenge? Think twice before you say yes.
| Sep 12, 2011
Putting a stamp on USPS's first green roof
The Morgan Building roof totals 150,000-sf. In addition to a vegetated green roof, other roof areas were upgraded and included 55,000-sf of reflective concrete pavers and ballast, which were also placed over a Sarnafil waterproofing membrane, and 40,000-sf of EnergySmart Roof—a reflective, energy-efficient vinyl roofing system from Sika Sarnafil.
| May 18, 2011
Carnegie Hall vaults into the 21st century with a $200 million renovation
Historic Carnegie Hall in New York City is in the midst of a major $200 million renovation that will bring the building up to contemporary standards, increase educational and backstage space, and target LEED Silver.
| May 16, 2011
Seattle unveils program to boost building efficiency
Seattle launched a new program that will help commercial property owners and managers assess and improve building energy efficiency. Under the program, all commercial and multifamily buildings larger than 10,000 sq. ft. will be measured for their energy performance using the EPA’s ENERGY STAR Portfolio Manager.
| May 10, 2011
Are green goals out of reach for federal buildings?
Many federal agencies are struggling to convert their existing buildings to meet green standards, according to the Office of Management and Budget. Of 20 agencies graded by the OMB on their compliance with green mandates, only seven met the 2010 mandate that requires at least 5% of their buildings meet energy-efficient and sustainable standards.
