Metric analysis

Tishman Speyer Saves Nearly 18 Metric Tons of CO2 Through Five Hours of Demand Response Participation

Joint CPower and WattTime Marginal Carbon Emissions Reduction Analysis Demonstrates Distributed Energy Benefits and Potential for Real Estate, Other Commercial and Industrial Facilities

BALTIMORE and OAKLAND CITY, Calif., September 16, 2021 /PRNewswire/ — Tishman Speyera major property owner and developer, avoided almost 18 tonnes of CO2 emissions from five hours of demand response (DR) participation, according to a new marginal emissions reduction analysis announced today by leading national energy solutions provider CPower Energy Management (Power) and WattTime, an environmental technology nonprofit. This is equivalent to avoiding the emissions of 44,484 miles driven by the average passenger vehicle or consuming 1,992 gallons of gasoline.

CPower Energy Management (PRNewsfoto/CPower Energy Management)

CPower and WattTime have partnered to help commercial and industrial organizations assess and enhance the emissions reduction benefits of CPower’s DR solutions. CPower works with its client Tishman Speyer in the NYISO, PJM and ISO-NE energy markets to help maximize the value of its distributed energy resource assets.

“Understanding the role of real estate in the fight against climate change, rapid investments are being made to reduce emissions from buildings across the world. At Tishman, we have engaged be operationally zero-carbon by 2050,” said Jonathan Flahertyglobal manager of sustainable development and technological innovation in buildings, Tishman Speyer. “There are many factors that come into play when it comes to sustainability. We have always recognized the value of demand response and energy efficiency as a net reduction in energy costs and critical to grid reliability, and analysis CPower and WattTime shows how participation has a direct impact on carbon emissions. It is an important tool for us as we strive to contribute and quantify efforts towards more sustainable, reliable and cost-effective energy for communities. that we serve.

“This analysis highlights the environmental benefits of load shifting. This carbon avoidance stems from demand response programs supporting the grid when it needs power the most. There can be substantial additional reductions s ‘it’s optimized for emissions, especially as peak renewable generation and DER deployments grow,’ said Mathew Sachs, Senior Vice President, Strategy and Business Development, CPower. “The industry has accepted that demand response can generate repeatable revenue streams, but we are seeing a shift as customers and the industry as a whole demand more quantifiable data to meet sustainability goals. We consider analyzes like this to be a valuable contribution to creating an energy future for all of us.”

“WattTime’s work with CPower and Tishman on this analysis further highlights the growing interest and prioritization of driving environmental impact by leading organizations,” said Laura Corso, Managing Director, Partnerships, WattTime. “The potential for greater impact that results in real-time emissions reductions is possible today by incorporating an emissions signal into optimization strategies. We are extremely excited about work with these organizations to better understand what these reductions may be and move to ability to achieve them while continuing to meet the needs of the network and the economy.”

In 2020, CPower customers reduced their grid demand to avoid nearly 7,000 metric tons of CO2 on average for erasure events. This is equivalent to eliminating the greenhouse gas emissions associated with over 7 million pounds of coal burned.

About CPower Energy Management
CPower Energy Management is a leading national energy solutions provider that guides its customers towards a clean and reliable energy future. We maximize the value of our customers’ electrical loads, plant assets and distributed energy resources. With over two decades of experience, we’ve grown to deliver over 50 local energy programs in partnership with grid operators and utilities at over 11,000 locations, delivering approximately 7,000 metric tons of CO2 reductions alone. in 2020. Our presence through North America allows us to manage over 4.3 GW of customer capacity and deliver power to the grid when it is needed most. CPower is based in Baltimore, Maryland and is owned by LS Power, a development, investment and operating company focused on the power and energy infrastructure sector. For more information visit: www.cpowerenergymanagement.com.

About WattTime
WattTime is an environmental technology nonprofit that empowers all people, businesses, decision makers, and countries to reduce emissions and choose cleaner energy. Founded by UC Berkeley researchers and now an affiliate of RMI, we develop data-driven tools and policies that increase environmental and social good. We invented Automated Emissions Reduction (AER), software that enables IoT devices such as smart thermostats and electric vehicles as well as entire buildings to run effortlessly and automatically with cleaner energy. We popularized emissionality, a technique to avoid more emissions through better location of new renewable energy projects. And we co-founded the global Climate TRACE coalition, which leverages remote sensing and software intelligence to monitor human-caused GHG emissions in near real-time, bringing transparency and accessibility to global emissions. During the energy transition from a fossil fuel-powered past to a carbon-free future, WattTime is “bending the curve” of emissions reductions to realize deeper and faster benefits for people and the planet.

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SOURCE CPower Power Management