By Nick Gilbert
Greenwood Energy has signed a $50 million commitment with Better Buildings Challenge organized by the Department of Energy. The Better Buildings Challenge matches with retailers, large-scale property owners and universities. A total of $2 billion has been signed by the U.S. Department of Energy towards the Better Buildings Challenge project.
Camilo Patrignani, Greenwood Energy's Interim CEO, stated that Greenwood Energy’s position in the North American energy generation projects will continue to be strengthened by its participation in the Better Buildings Challenge. Patrignani also stated that Greenwood Energy's commitment in the Better Buildings Challenge project highlights the company’s aim to help owners of large properties realize the profits they could gain through this project. These benefits include energy independence, generation of immediate cost savings, carbon footprint reduction and predictable energy cost for the future. Greenwood Energy's clients can also benefit from the company’s capital investments. The surrounding communities of these clients can benefit through the creation of local jobs and saving on capital investments in the future.
The participants of the Better Buildings Challenge include university presidents, government leaders and leading business leaders who will focus on the importance of energy efficiency in buildings throughout the country. This program is supported by the U.S Department of Energy and its federal partners who together will provide public recognition to service providers and partners enabling them to save cost and energy. Technical assistance and models for implementing energy efficiency are also provided by the U.S Department of Energy and its federal partners.
A 1.4 MW Direct FuelCell power plant was purchased by Greenwood Energy last October as part of its first power contract. Installation of the first combined heat and power plant for the Millennium Hilton Hotel in New York was announced by Greenwood Energy in March 2012 as part of Greenwood Energy’s initiative to offer clean power across a number of companies.