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Durst Organization awarded $3 million energy grant.


The U.S. Department of Energy has awarded a grant of up to $3 million to The Durst durst  
v. Archaic
A past tense and a past participle of dare.
 Organization to help foster the design of the "high energy efficiency, low emission and extremely high reliability" power generation and distribution systems at the NYCyberCenter, now under construction on Manhattan's West Side.

The grant is one of only five awarded nationwide to encourage innovative and promising projects involving distributed energy resources in the data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a  and telecommunications industries. A total of $9 million in grants were awarded.

In announcing the grants, Energy Secretary Spencer Abraham Edward Spencer Abraham (born June 12, 1952 in East Lansing, Michigan) is a former United States Senator from Michigan. He had served as the 10th United States Secretary of Energy, serving under President George W. Bush.  said the grant program "addresses the goal set by President Bush in the National Energy Plan of providing for a reliable energy infrastructure."

The DOE said the results of the Durst project "will serve as a template for similar data facilities."

Jody Durst, co-president of the real estate development and management firm, and an engineer by training, said the firm "is pleased and honored that the DOE regards the CyberCenter concept as worthy of financial support.

"This corroborates the value of an idea aimed at delivering a reliable, cost-efficient and conservation-minded environment for data-intensive companies."

The NYCyberCenter, situated on West 57th West 57th can refer to:
  • West 57th Street, a street in New York City
  • West 57th (news magazine), a news magazine program which aired on the CBS Television Network from 1985 to 1989
 Street between 11th and 12th Avenues, will incorporate a private co-generation plant - the first in New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 - for energy efficiency and utilize gas turbine generators and steam-driven absorption chillers to provide electricity and chilled water for heating, ventilation and air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. . The system is designed to produce higher reliability for uninterrupted power than tenants could achieve employing the combination of utility infrastructure and tenant back-up systems.

"The NYCyberCenter will enable companies with dense power requirements to secure premium quality power with unparalleled reliability at an economic all-in cost All-In Cost

Shorthand for "all-included" costs, which are expressed as the interest paid or received for total costs of a financial transaction.

Notes:
All-in costs include the spread, commission, interest payments, and any other fees resulting from the transaction.
," says Douglas Durst, co-president.

He notes that the facility is designed to eliminate the need for supplementary systems, including emergency generators, uninterrupted power sources, batteries, power conditioning and chillers, "along with the massive associated capital and ongoing costs to purchase. install, house and maintain such structures."
COPYRIGHT 2002 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Apr 17, 2002
Words:329
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