Jan 24 2013
Telkonet, Inc., developer of the EcoSmart energy management platform featuring Recovery Time™ technology, is pleased to announce that two highly-respected universities located in northeastern United States selected the Company's EcoSmart solution for installation across three residence halls.
Telkonet recently completed a 600-room installation of EcoWave intelligent thermostat packages at one of the residence halls. Prior to project completion, the nine-story building experienced annual utility costs of $217,611. After integrating EcoSmart technology, the university expects to see annual utility costs for the residence hall closer to $133,470--a 39% cost reduction and savings of $84,141.
"Significant energy cost savings, as well as Telkonet's experience within the higher education market, allow any university to select an EcoSmart energy management system with confidence," said Gerrit Reinders , Telkonet's Executive Vice President for Sales and Marketing.
"By performing initial installations within a select number of campus residence halls, Telkonet allows a university to test EcoSmart system performance, student acceptance and savings potential," said Reinders. "Once we demonstrate the capability of our solution, we may work with each university on further upgrades to residence halls throughout campus."
With large-scale deployments and regional energy costs higher than the national average, both campuses will recognize considerable utility savings with the EcoSmart energy management solution.
"EcoSmart is the perfect energy efficiency investment because the technology funds itself through energy savings," Reinders said. "In addition, EcoSmart offers considerable improvements in operational efficiency for the facilities engineering staff."
Although colleges and universities in the United States spend close to $2 billion annually on energy costs, campuses regularly forgo energy efficiency upgrades due to a shortage of capital for facility improvements. To minimize the out-of-pocket expense, Telkonet often works with a university to locate utility-funded energy efficiency programs that will provide financial assistance.
In 2012, EcoSmart sales increased to a record-high $1.2 million within the higher education market, including extensive installations at New York University and the University of California-Davis. The Company expects college and university contracts to remain a rapid-growth segment of annual energy management sales.
Source: http://www.telkonet.com/