Microgrids empower real estate developers and property owners to reduce energy costs, secure resiliency for their properties, and meet stringent emission standards through the integration of distributed energy resources.
After Superstorm Sandy, many residential and office buildings throughout New York were left without power for days on end. The monumental costs to real estate developers and property owners extended beyond material damage to litigation and lost revenue, as some buildings were declared uninhabitable due to the extended loss of power.
The microgrid equips hosts with a highly efficient, on-site combined heat and power generation (co-gen) plant that provides property owners the resiliency required to compete in New York’s real estate market. In addition to securing the level of energy reliability required to attract and retain tenants, microgrids enable hosts to reduce energy costs and improve the sustainability of new and existing developments.
“Our members are very interested in helping both the City and the State achieve the goal of the widespread installation of distributed generation systems. We recognize the environmental advantages associated with such installations as well as the benefits they provide to existing infrastructure.”
— Real Estate Board of New York
Microgrids are poised to become a new paradigm for modern developments in New York’s real estate industry.
- Microgrids allow their hosts to transact with the surrounding macrogrid based on real-time economic conditions, resulting in significant energy cost savings.
- Microgrids promise unrivaled reliability if the macrogrid goes down during extreme weather events.
- Microgrids enable hosts to deploy distributed energy resources, like solar panels, helping developers to build greener.
- Transitioning to the newest state-of-the-art technology positions real estate developers and property owners to become cutting-edge energy innovators.