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Equity setting a good example with power system at 717 Fifth.

Northern Power, a subsidiary of Distributed Energy Systems Corp., the New York State Energy Research and Development Authority (NYSERDA), and Equity Office, the nation's largest publicly held owner of office buildings, announce the completion of a new $4.1 million, 1.6-megawatt combined heat and power (CHP) system at 717 Fifth Avenue in Midtown Manhattan.

The system, which is the first of its kind to be synchronously interconnected to the critical Midtown network grid of Consolidated Edison Company of New York handles 60% of the 450,000 s/f building's electric usage, and 65% of its cooling and heating needs.

The system, which was designed and built by Northern Power on a turnkey basis, operates in parallel with the utility's grid during peak and mid-peak hours, and provides nearly two-thirds of the building's peak summer demand. The project was supported by a $745,000 grant from NYSERDA.

Although its primary function is to increase the building's energy efficiency, the system can also be configured to provide backup power to keep the building operational during an extended power outage, such as the one experienced by office workers during the August 2003 blackout.

"We believe that the 717 Fifth Avenue project will serve as an outstanding example to similar facilities that a successful interconnection of on-site generating assets with the local network grid is possible and that such projects will have a positive impact on relieving some of the load currently straining the grid," said Peter R. Smith, President of NYSERDA.

"In addition, such projects hold the promise of benefiting the environment through dramatically improved energy efficiency."

Equity Office, Northern Power, and NYSERDA consider this to be a flagship project demonstrating the ability of large office buildings to attain both interdependence with and independence from utility grids, even in the heart of major metropolitan areas like New York City.

"Several years ago Equity Office launched a dedicated, comprehensive, and aggressive energy program to reduce overall energy consumption and to increase energy efficiency at buildings throughout our portfolio," said Paul Saccone, vice president of Equity Office's corporate engineering and energy investment group.

"EOP's Total Energy Initiative focuses on energy monitoring, energy investment, procurement, conservation, and education and training.

The New York State Energy Research and Development Authority (NYSERDA) is a public benefit corporation created in 1975 by the New York State Legislature. NYSERDA administers the New York Energy $mart[SM] program, which is designed to support certain public benefit programs during the transition to a more competitive electricity market.

Northern Power designs, builds and installs reliable power solutions for commercial, industrial, government, and military customers.
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Title Annotation:PROPERTY MANAGEMENT; Northern Power, Equity Office and New York State Energy Research and Development Authority complete power system
Publication:Real Estate Weekly
Geographic Code:1USA
Date:Oct 25, 2006
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