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Smart Power Grid Program for Commercial Office Buildings in Downtown Chicago
Comments (0) The Building Owners and Managers Association of Chicago has launched an effort to develop the country’s first commercial office building smart grid program. This is to deliver a utility-scale, clean, virtual generator through implementation of smart grid technology in more than 260 commercial buildings in downtown Chicago. With this program, downtown Chicago will have the potential of providing as much as 200 megawatts of demand response capability. The program would lower costs and avoid the need to construct expensive new generation plants. It requires upgrading the buildings’ electric metering infrastructure, with significant building-level upgrades. To help address the estimated $185.4 million program cost, the city’s BOMA chapter filed an application for $92.7 million in matching funds from the U.S. Department of Energy’s Smart Grid Investment Grant Program, which was formed under the recently passed American Reinvestment and Recovery Act.
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Alex Zylberglait provides commercial real estate investment advisory as well as research, estate planning, asset allocation, valuation, financing, special assets services, transaction advisory and commercial property acquisition and disposition services.
