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Study Finds Global Green Building Expected to Double by 2018
Companies involved in U.S. construction plan on intensifying their involvement in green building over the next three years, according to the new World Green Building Green Trends Study from Dodge Data & Analytics. Full story

Steady Job Growth Seen in California from HERO Program

Officials at the HERO Property Assessed Clean Energy (PACE) Program say that more than 10,000 local jobs have been created in California through HERO projects completed in more than 50,000 homes since the program launched in December 2011. Full story

Ygrene Hits $1b Milestone in Approved PACE Applications
Ygrene Energy Fund Inc., a leading multi-state provider of residential and commercial PACE financing, has reached more than $1 billion in approved applications and $300M in closed contracts for energy efficiency, water conservation and renewable energy projects. With an 800% year-over-year increase in applications, Ygrene is providing access to clean energy and climate resilience upgrades through its zero upfront cost financing program, YgreneWorks. Full story

Green Fund to Invest Over $430 Million in Later Stage Clean Energy and Sustainable Business Projects

The fund, sponsored by Vision Ridge Partners, is one of the largest in this space to date and one of the few private investment portfolios focused on later-stage clean energy companies and other sustainable assets. Full story

Brandywine Realty Uses Goby’s SeaSuite to Manage Building Data and Sustainability Reporting
The SeaSuite real estate cloud offers a sustainability management solution as a method to meet disclosure requirements for energy, water and waste consumption, along with identifying opportunities for energy efficiency improvements. Full story

The veteran energy executive succeeds Terry Mah, who served as the company's CEO since 2013 and now leads business development activities in the Americas as senior vice president for Veolia's Global Enterprises group. Full story

Top 10 States for LEED Green Building
The ranking looks at total square feet of LEED certified space per resident, based on U.S. Census data and includes commercial and institutional green building projects certified throughout 2015. Full story

PSEG Solar Source Acquires 25.9 MW Solar Project from Ecoplexus
The PSEG Meadows Solar Energy Center, acquired for $40 million, has a 15-year power purchase agreement with Virginia Electric and Power Company, a subsidiary of Dominion Resources. Full story
GRESB to Develop Health & Wellbeing Module and Health-focused Industry Working Group
Health and wellbeing are rapidly emerging as important topics for the real estate industry, according to the Global Real Estate Sustainability Benchmark, or GRESB, the industry-driven organization committed to assessing the ESG performance of real assets globally, including real estate portfolios and infrastructure assets. Full story

Executives of Leading Corporates Join Board of Advanced Energy Economy
The companies, include John Manville, Johnson Controls, Microsoft, Veolia, Recurrent Energy, Vestas Americas and Schneider Electric, seek to spur the growth of secure, clean and affordable energy in the US. Full story
Since its founding 4 years ago, PlanGrid has grown into the largest digital blueprint repository in the world, storing over 30 million construction documents, and recently entered into a mobility partnership with Apple to provide more robust, end-to-end solutions for the construction field. Other investors in the round included Sequoia Capital, Founders Fund, Y Combinator and Northgate Capital. Full story

Opportunities Seen for Smart Windows in Architecture and Transportation

According to a report from Research and Markets, customers are becoming more receptive to messaging beyond energy efficiency, into more holistic cost comparisons tied to alternative glass systems with investments in shading, lighting, and heating and cooling. Full story

SunEdison Solar Parking Lots to Save 25 California Schools More Than $30 Million
By switching to solar, the schools, spanning five unified school districts, including Dixon, Downey, Duarte, Livermore and Newman Crows Landing, expect to save more than $30 million on energy costs over the next 20 years. Full story

Clean Energy Financing Program Launched for Property Owners in Sacramento

PACE (Property Assessed Clean Energy) financing, which has been adopted by more than 200 cities and counties across the state, makes energy and water efficiency projects more accessible for California homeowners by providing project financing that is then paid back as a line item on their annual property tax bill. Full story
The largest provider of commercial energy storage in the US announced $20 million in non-recourse project finance debt plus a $30 million accordion from Ares Capital Corporation. The financing will be used to fund Green Charge’s rapidly growing Power Efficiency Agreement portfolio that includes equipment, construction, operations and maintenance of behind-the-meter projects. Full story

Hilton Earns U.S. Department of Energy’s Superior Energy Performance Certification

The hotel chain said it is the first hospitality company to achieve Superior Energy Performance (SEP) certification from the U.S. Department of Energy (DOE) for leadership and improvement in energy management and productivity at three landmark hotels. This recognition follows its system-wide ISO 50001 Energy Management certification across its entire hotel portfolio in 2014. Full story

Residential Energy Efficiency Program Hits The $1 Billion Financed Mark

Renovate America, a provider of residential Property Assessed Clean Energy (PACE) financing in the U.S., has topped the $1 billion mark in energy and water conservation home improvements financed since the inception of its Home Energy Renovation Opportunity (HERO) Program in 2011. Full story

New Report from Dodge Data & Analytics Points to Continued Growth in Global Green Building
Green building continues to double every three years, with strongest acceleration in emerging economies, and clients and tenants worldwide increasingly demanding sustainability – for both energy efficiency and occupant benefit. Full story

Greenlight Energy Powers Forward with New Solar, LED Lighting and Renewable, Fixed-Rate Energy Plans
Greenlight Energy, a New York based green energy company—in its commitment to healing our environment with clean, common sense energy offerings—has launched three renewable energy programs designed to provide the most cost-effective and environmentally-friendly energy solutions for residential and commercial customers. Full story

USGBC Commits to Scaling LEED Green Buildings to More Than 5 Billion Square Feet Over Next Five Years

USGBC joined 25 other Green Building Councils from around the world that unveiled commitments at COP21, a UN climate negotiations event, to transform the sustainability of buildings to reduce greenhouse gas emissions and ensure that the building and construction industry plays its part in limiting global warming to 2 degrees. Full story

Colorado's New Energy Improvement District launches a statewide commercial PACE program

Eligible properties include office buildings, hotels, retail, agricultural, non-profits, industrial buildings and multi-family properties – with five or more units. Projects must be located in counties that have opted to participate in the program. Full story

Emerald Cities Seattle Launches RENEW Multi-Family, Bringing Energy, Water Savings to Affordable Housing

The comprehensive project assistance includes benchmarking of energy and water use, project management, technical assistance, pre-development financial support and facilitation of project financing utilizing multiple community financial resources. The planned Seattle retrofits will lower utility costs for owners of affordable multi-family buildings, making such housing more economically viable while stimulating the clean-energy economy. Full story

New York Public Service Commission Grants Sustainable Westchester Access to Utility Energy Data

The decision authorizes Sustainable Westchester access to a treasure trove of necessary data for the state's very first Community Choice Aggregation (CCA) program. Full story

DPR Construction Set to Move its Washington D.C. Area Office in 2016

Relocating from Falls Church to Reston, Virginia, DPR will complete the 20,000-sq.-ft. renovation with plans to achieve Net Zero Energy Building certification from the International Living Future Institute (ILFI). Full story

Four Out Of Ten Of The Largest U.S. Companies Fail To Publish Plans To Reduce Carbon Emissions

Despite increasing pressure on companies to reduce their carbon footprints as governments across the world commit to combat climate change, 41 percent of the largest U.S. companies do not communicate emissions reduction plans to their stakeholders, according to a KPMG study. Full story

Ground-breaking Research Finds that Green Office Buildings Deliver Higher Income and Value
Improved property performance is strongly correlated to green building certification, according to a ground- breaking study of Bentall Kennedy's North American office portfolio conducted by an internationally recognized academic research team. Full story

San Francisco's Ordinance Requiring Commercial Buildings To Disclose Energy Data Shows Major Reduction In Energy Use
Energy consumption by commercial properties in San Francisco has declined significantly since 2011 after the implementation of San Francisco's Existing Commercial Buildings Energy Performance Ordinance, according to a new report released from the Urban Land Institute Greenprint Center for Building Performance. Full story

Supreme Court Affirms PACE and Preserves Home Rule

The Florida Supreme Court released final opinions on the two remaining matters relating to the innovative energy financing solution known as property assessed clean energy (PACE). Last week's decisions are part of the Court's need to resolve four separate appeals challenging PACE programs for Leon County, Clean Energy Coastal Corridor, and the Florida Development Finance Corporation and were precursors to affirm the constitutionality of the PACE statute in Florida. Full story

Renew Financial Acquires AFC First, Leading Energy Efficiency Lender
Founded in 1947, AFC First originates energy efficiency loans, solar leases and through utility on-bill financing. AFC First has originated more than $500 million in energy efficiency home improvement loans over the last ten years and currently services a portfolio of more than $100 million in loans. Full story

Renovate America Closes $90 Million Equity Investment to Accelerate Adoption of Home Energy- and Water-Efficient Improvements

DFJ Growth, Silver Lake Craftwork, as well as existing investors Rockport Capital Partners, Valor Equity Partners, DB Mazda, and 400 Capital Management led the round. Full story

Sunnova Closes Additional Financing of $300 Million
Sunnova Energy Corporation has secured approximately $300 million in committed debt and equity funding that the company will use to continue growing its position in the residential solar energy service market. The transactions include a conduit facility arranged by Credit Suisse, and an equity- financing round led by Triangle Peak Partners, LP. Full story
Aaron Halimi Joins Gardner Capital as Senior Vice President, Solar Development
Halimi, formerly with Trammel Crow Company, will oversee Gardner's solar development activities, project acquisitions, and joint development agreements. Full story 
JCI, Vornado Regulate Energy Use at One of the World's Largest Commercial Buildings
Johnson Controls, Inc. (JCI) is bringing its world- class battery technology and building systems expertise to the growing energy storage market by installing distributed energy storage technology in Chicago's iconic Merchandise Mart, one of the world's largest commercial buildings. Full story


Deutsche Asset & Wealth Management Awarded “Green Star” Rating by GRESB for Four Real Estate Funds
The four funds include: one of ARA’s private real estate funds; its German open-end fund that invests in pan-European property; and two separately managed accounts, one investing globally and one in the US on behalf of two institutional clients.  Full story
Renew Financial Completes $50 Million Securitization for PACE Bonds
The securitization was structured and placed by Natixis Securities Americas LLC, a U.S.- registered broker-dealer. As the administrator of the CaliforniaFIRST PACE financing program, Renew Financial works with more than 300 city and county governments in California to provide PACE financing to nearly 20 million Californians. Full story

View Raises $150 Million to Accelerate Market Expansion of Dynamic Glass
View, Inc., a maker of what has come to known as dynamic glass because of its ability to respond to changing environmental conditions and user needs, has raised $150 million in equity funding to finance manufacturing expansion and company growth. Participants in this round included new investor NZ Super Fund, existing investors Corning Incorporated, Madrone Capital Partners and others, and leading real estate investors.  Full story

LEED Platinum Luxury Hotel to Become New Neighbor to Monterey Bay Aquarium
Developed by Domaine Hospitality Partners, Project Bella will be located across the street from the Monterey Bay Aquarium and Stanford University’s Hopkins Marine Station at the site of the American Tin Cannery, at the end of historic Cannery Row. According to the U.S. Green Building Council there are only two LEED Platinum hotels certified in the U.S.  Full story

Kilroy Realty Breaks Ground on LEED- Platinum Targeted Project in Mission Bay Submarket of San Francisco
The 700,000 square foot contemporary project, designed by architect firm Rios Clementi Hale Design Studios, consists of two six-story and two 12-story buildings located in the vibrant and lively submarket of Mission Bay in San Francisco. Full story

SunEdison and J.P. Morgan Asset Management-Infrastructure Investments Announce a Strategic Equity Partnership
Under the partnership commitment, J.P. Morgan's clients are expected to provide equity to buy renewable energy projects developed or purchased by SunEdison. Remaining project costs are expected to be funded with traditional, non-recourse commercial bank debt and tax equity.  Full story
Growth Seen for Global Green Data Center and Building Energy Software Markets
The global green data Center market is expected to grow from $23.41 billion in 2014 to $95.66 billion by the end of 2020 at a CAGR of 26.44%. This is being driven by the exceptional rise in the demand for data storage space and government regulations enforcing eco-friendly solutions. The global building energy software market is expected to grow at a CAGR of 16.24% over the period 2014-2019. Full story

Optimum Energy Hires VPs of Sales/Marketing and Business Development/Strategy

Optimum Energy, a leader in building HVAC energy efficiency, has named Larry Stapleton a former executive with Ballard Power Systems, as Vice President, Sales & Marketing, and Alaina Bookstein, a former managing director with Bridge Strategy goup, as Vice President, Business Development & Strategy.  Full story

Ygrene Energy Fund Completes $150 Million Securitization of PACE Bonds

The transaction represents a first in many ways for PACE. It is the first to combine both residential and commercial assets, the first to combine projects in multiple states including California and Florida, and the first to include both special taxes and assessments in a single securitization. Full story

Good Energy and Joule Assets to Manage New York State's New Community Choice Aggregation (CCA) Initiative
New York becomes the 7th state in the country to allow for this type of energy aggregation for residents within a city or municipality. States like Massachusetts, Ohio, Illinois, and California have implemented large scale electricity aggregations that have provided significant savings for residents and small commercial businesses. Full story
Energy Efficiency Ranks As Key Priority Among Higher Ed Facility Leaders, According to New Study
Eighty-eight percent of respondents also agree that energy efficiency is the most cost effective way to meet their energy needs while at the same time reducing greenhouse gas emissions and cutting costs. Full story

Arup Names Brian Swett as Director of Cities and Sustainable Real Estate
Swett will spearhead the work of Arup in the Americas to integrate its advisory services in strategy development, planning, finance, operations and economics with its key strengths in design, engineering and implementation services, delivered in the city context. Full story

Smart Grid Infrastructure Investment in South America to Reach $38.1B by 2025
The region's power sector is plagued by pervasive electricity theft, poor reliability and operational inefficiencies. Utilities in South America are now looking to smart grid infrastructure to solve these problems and large-scale deployments are already underway. Full story

CA Real Estate Firm Launches Disruptive Financing Plans for Solar Energy for Commercial Property
The company's patent-pending business method enables the deployment of solar on commercial buildings through its proprietary Next Level Solar program.  Full story
The voluntary demand response program gives commercial and industrial customers the power to reduce power consumption and save on energy costs during periods of peak demand. Full story

CBRE’s Innovative Sustainability Training for Brokerage Professionals
CBRE Group, Inc. launched an innovative broker training video and resource center earlier in the year, specifically designed and aimed at understanding and promoting sustainable aspects of commercial real estate assets. Full story
JUNE 2015

Internet of Things Lays Foundation for Next-generation Smart Buildings

Analysis from Frost & Sullivan finds that rapid urbanization, global connectivity and digital convergence of next-generation IT solutions will open up growth opportunities for IoT and cloud-based solutions in smart buildings.  Full story

Noesis taps Wal-Mart Veteran Hiren Patel to Lead Promotional Financing for Industrial Equipment
The online lending marketplace for financing industrial equipment, such as lighting, HVAC, and other energy-saving commercial building improvements, has launched a promotional financing program that will help accelerate the sales of its partners and provide them with a competitive industry advantage. The company also announced the appointment of Capital One and Walmart veteran, Hiren Patel, as Chief Credit Officer, who will lead Noesis' new finance program. Full story

L.A. County Launches CaliforniaFirst Property Assessed Clean Energy Program
CaliforniaFirst is a Property Assessed Clean Energy (PACE) Program for residential properties and has been adopted by more than 300 local governments across CaliforniaFull story

GBCI Launches Rating System for Sustainable

The rating system can be applied to development projects located on sites with or without buildings – ranging from national parks to corporate campuses, streetscapes and homes. Full story

Hotel Installs Solar Powered Trash Compactor and Baler to Streamline Recycling Off Grid
Bay Area Trash Compactor announced the installation of the first-of-its-kind combination solar powered trash compactor and portable cardboard baler at the LEED Platinum Certified Bardessono Hotel and Spa in the Napa Valley. Full story

California Selects CodeGreen Solutions to Help Government Buildings Meet Executive Order

In response to California Executive Order B-18-12 requiring all large existing state buildings to achieve LEED-EB certification in 2015, the Department of General Services, the agency responsible for real estate and other business support for the state's agencies, solicited bids from the country's top sustainability.  Full story

Tightening Environmental and Energy Efficiency Policies Drive European Smart Grid Market

Environmental regulations, high carbon emissions, and the need for energy quality and efficiency are expected to boost the demand for smart grids in EuropeFull story
The Energy Department recognized Lend Lease (US) Public Partnerships as a goal achiever in the Better Buildings Challenge. Lend Lease has exceeded its goal of 20 percent energy savings, and has achieved 26 percent savings five years ahead of schedule. Full story
MAY 2015

New "Tenant Star" Law Expected to Spur U.S. Jobs, Investment, Energy Efficiency
The new law authorizes the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy (DOE) to jointly create a voluntary Tenant Star program that will provide national branding recognition to landlord and tenant teams who design, construct and operate highly energy efficient leased spaces in commercial buildings. Full story

San Francisco Launches HERO Property- Assessed Clean Energy Program
The launch comes as part of GreenFinanceSF, San Francisco’s PACE program, which aims to reduce energy and water usage by making efficiency renovations affordable to most homeowners. Full story

Always-On Inactive Devices May Devour $19 Billion Worth of Electricity Annually
U.S. household electronics, appliances, and other equipment devour approximately $19 billion worth of electricity, equal to the output of 50 large power plants, annually when consumers are not actively using them, according to a groundbreaking study released today by the Natural Resources Defense Council. Full story

Building Energy Management System Revenue Expected to Total Nearly $55 Billion from 2015 to 2024
According to Navigant Research, BEMSs can change the energy management paradigm to deliver strategic and holistic management of facilities and equipment through focused improvements in heating, ventilation, and air conditioning (HVAC), lighting, plug loads, and fire and security systems. Full story

Ecova Helps Utilities Reach Small and Medium- Sized Business (SMB) Market with Building Analytics Module
The module brings a data-driven decision making process to a market that is underrepresented in traditional energy efficiency programs. Full story
BuildingIQ’s Predictive Energy Optimization (PEO) platform will automatically create a custom thermal model for each building that can predict energy consumption, cost and comfort based on building characteristics, weather forecasts, energy pricing, and signals from the utility. The software will make real-time changes to each building, directly adjusting heating, ventilation, and air condition system parameters, that can reduce heating and cooling costs by as much as 25 percent. Full story

WegoWise On A Roll
WegoWise, a building efficiency software provider, has doubled its business each year since it was founded five years ago. This growth rate is eight times higher than the overall building efficiency industry, which increased by 12 percent in 2014.  Full story

New Jersey BPU Approves Extension to Three PSE&G Energy Efficiency Programs
New Jersey Board of Public Utilities (BPU) approved in April a Public Service Electric and Gas Company (PSE&G) request to spend an additional $95 million on three popular energy efficiency programs that decrease energy costs for participants and lessen climate change emissions. The extension will enable PSE&G to serve a roster of hospitals, healthcare facilities and residential multifamily housing units that are currently on program waiting lists. Full story
MARCH 2015

EnerNOC, SunPower Enhance Energy Intelligence of Commercial Customers
EnerNOC and SunPower Corp., have formed a strategic agreement that will enable SunPower's customers to verify the impact of their solar energy investments and drive optimum energy savings.  Full story

North Carolina Utilities Hijack Well-Intentioned Solar Legislation with Hidden Poison Pill
Publicly, the utilities are opposing the bill to prevent the innovative third-party-owned solar business model from taking off in the state.  Full story

Carnegie Mellon and IBM Launch Cloud-Based Analytics Partnership for Smarter Buildings
The university expects to save approximately 10 percent on utilities, nearly $2 million annually, when the IBM system is fully deployed across 36 buildings on its Pittsburgh campus.  Full story

Los Angeles County Votes to Adopt HERO PACE Program to Help Homeowners Conserve Energy and Water
HERO makes energy- and water-saving renovations affordable for property owners by providing long-term, competitive financing through an additional property tax assessment. Payments are made through the property tax bill over up to 20 years, and interest is tax-deductible.  Full story

Water Metering Market to Reach $6.6 Billion Per Year By 2025

Legacy meters are being replaced with communicating meters that can make water infrastructure 'smart' and therefore more efficient. This is an example of the emerging 'Internet of Things' being applied on a large scale in critical infrastructure.  Full story

Green Charge Networks and ITOCHU Corporation Launch Strategic Partnership
Green Charge Networks has formed a strategic partnership with one of Japan's largest trading houses, ITOCHU Corporation. ITOCHU will distribute, supply and procure Green Charge Networks' intelligent energy storage solutions internationally. The agreement enables Green Charge to expand its footprint into new markets both in Japan and other international regions.  Full story

Canadian Solar Completes the Acquisition of Recurrent Energy from Sharp Corporation
The transaction was supported by Export Development Canada (EDC)'s issuance of Performance Security Guarantee of up to $75 million to backstop letters of credit issued against project development obligations by Recurrent Energy. In addition, in conjunction with the acquisition, Credit Suisse will provide Recurrent Energy with a US$150 million, one-year senior secured bridge loan.  Full story

Soltage Receives New Investment from Tenaska to Support Corporate Growth and Acquisition Nationwide
This investment will facilitate Soltage's growth trajectory throughout the next few years, with an expectation to deploy more than $250 million for roughly 125 megawatts (MW) of solar projects throughout 2015 and 2016.  Full story


Sacramento County Votes to Adopt HERO PACE Program

The County of Sacramento has voted to make the Home Energy Renovation Opportunity (HERO) Property Assessed Clean Energy (PACE) program available to local residents. HERO makes energy- and water-saving renovations affordable for property owners by providing long-term, competitive financing through an additional property tax assessment. Full story

Ecova to Provide Utility Expense and Data Management Services to Roundy’s Supermarkets

The company will assist the retailer in monitoring and reducing energy use and reporting carbon emissions at approximately 165 locations. Full story
Strong Bipartisan Support for LEED Green Building Program, Poll Shows
The nationwide poll found that 79 percent of Republicans and 89 percent of Democrats support the use of LEED in buildings. Full story

Kaiser Permanente Makes Major Wind and Solar Energy Purchases    
The health care provider will buy enough renewable energy to provide half of the electricity it uses in California and reduce its greenhouse gas emissions nationwide by 30 percent. Already a leading user of green power, Kaiser Permanente has agreed to support the construction and operation of three new renewable energy projects that will come online in 2016 and generate 590 million kilowatt hours of power a year.  Full story

Hotel Nikko Boosts Green Initiatives with Capstone Microturbine Cogen System
The San Francisco hotel recently installed two Capstone C65 (65kW) microturbines to increase energy efficiency by simultaneously generating electricity for the building’s power and thermal energy for the hotel’s hot water. Full story

ReneSola Expands LED Lighting Solutions Division in U.S.

The division recently expanded its sales and logistic network in 12 states including California, Arizona, Oregon, Colorado, Illinois, Indiana, Pennsylvania, Massachusetts, Minnesota, Missouri, Florida and Tennessee, with plans of further expansion in 2015. Full story
Green Charge Networks to Deploy Intelligent Energy Storage in California Schools
The installation of over 1,500 kWhs of intelligent energy storage capacity will be used to reduce the ongoing costs of demand charges on electricity bills for several school and college districts. The affected schools and colleges can expect to save up to 50 percent off their demand charges. As an added benefit, Green Charge has coupled electric vehicle charging stations with each of these systems to mitigate increased demand charges while promoting the use of electric vehicles with students, faculty, and staff. Full story

Ameresco Launches Efficiency and Facility Renewal Project to Save Major Utility Costs for National Research Council of Canada
The $5.4 million (CAD) comprehensive energy efficiency and facility renewal project at three buildings on NRC’s Montreal Road Campus in Ottawa is expected to save approximately $500,000 (CAD) annually in utility costs. Full story


GDF SUEZ Energy Resources to Power Houston Office Towers Using RECs
The agreement between the energy provider and MetroNational, one of Houston’s largest real estate investment and development companies, strengthens the real estate firm’s commitment to environmental responsibility by incorporating renewable energy certificates (RECs) to One Memorial City Plaza and Three Memorial City Plaza.  Full story

SunEdison Closes Additional $117 Million Solar Fund With Barclays, Citi and TerraForm Power
SunEdison, Inc., a leading global solar technology manufacturer and provider of solar energy services, has closed its second fund for distributed generation projects in the United States with Barclays and Citi. The lease passthrough fund is valued at $117 million, and follows on the Barclays and Citi fund closed earlier this year.   Full story

San Francisco Approves HERO Program
The San Francisco Board of Supervisors voted last month to make the HERO Property Assessed Clean Energy (PACE) program available to local residents, returning residential PACE financing to the first major city to embrace the idea. The vote revives a program called GreenFinanceSF that will give San Francisco homeowners access to HERO and two other PACE providers.   Full story

GRESB Names New Board Members

The Global Real Estate Sustainability Benchmark (GRESB) has appointed Mie Holstad, Chief Administrative Officer at Norges Bank Investment Management, and Steven A. Wechsler, CEO and President of NAREIT, as non-executive directors on the Board. Rick Fedrizzi, CEO of the US Green Building Council and the Green Building Certification Institute, was appointed Chairman of the GRESB Board.  Full story

Landis+Gyr Meter Shipments Eclipse 30 Million Units
The company eclipsed the 30 million mark in 2014 and to date has shipped 32 million residential meters to utilities in North America and other ANSI meter markets. Smart meters are a foundational enabling technology driving the development of intelligent building solutions that help property owners manage energy.  Full story

Greater Push from Asian Investors for GRESB Participation
Investors in Asia are putting more emphasis on sustainability and requesting their fund managers to participate in annual assessments, with preference for Global Real Estate Sustainability Benchmarkv(GRESB), according to a newly released annual review published as a collaboration between the Asian Association for Investors in Non-Listed Real Estate Vehicles (ANREV) and PwC.  Full story

SunShare and Mortenson to Develop and Build Community Solar Gardens in Minnesota

SunShare, a rapidly growing community solar company with offices in Minneapolis and Denver, and Mortenson, one of the nation's top construction firms, have formed a strategic relationship to develop and build solar gardens in Minnesota. The partnership follows on the heels of the landmark "Solar Energy Jobs Act," allowing electric customers who either can't or don't want to put solar panels on their homes or businesses to buy electricity generated from a solar array located elsewhere in the community.  Full story

GreenCE Launches LEED v4 Specification Services for Building Product Manufacturers

GreenCE, Inc. has launched the industry's first comprehensive LEED v4 specification program for building product manufacturers. The new LEED certification program uses Life Cycle Assessment (LCA), Environmental Product Declarations (EPDs), and Health Product Declarations (HPDs) to design healthier and more efficient buildings.  Full story

Renovate America and 400 Capital Complete Second PACE Securitization

Renovate America, a leading provider of residential Property Assessed Clean Energy (PACE) financing in the U.S., in partnership with 400 Capital Management LLC, an alternative asset manager with more than $1 billion in assets under management has completed its second securitization of residential PACE Bonds, which resulted in the issuance of $129.1M in Class A Notes rated AA(sf) by Kroll Bond Rating Agency.  Full story

Former U.S. Green Building Council Leader Brings Adoption Expertise to SASB

The Sustainability Accounting Standards Board (SASB), a 501c3 nonprofit organization that provides sustainability accounting standards for use by publicly listed corporations in the U.S., has announced the hire of Dan Geiger as Chief of Market Strategy.  Full story

PRES Energy Partners with Pritchett Controls
PRES Energy, a national real estate services company, has partnered with InsideIQ Building Automation Alliance member Pritchett Controls for the delivery of energy management system (EMS) solutions for PRES Energy customers nationwide. Full story

NextEra Energy Ranked as Top Green Utility in North America
NextEra Energy, Inc. ranks as the top "green utility" in North America and No. 4 in the world based on carbon emissions and renewable energy capacity, according to the latest annual report from EI Energy Intelligence, an independent provider of global energy and geopolitical news, analysis, data and research.  Full story

Veolia and IBM to Deliver Digital Urban Solutions on Water, Energy and Waste
During Smart City Expo and World Congress in Barcelona, IBM Veolia announced a new partnership and new solutions that integrate intuitive and powerful digital technologies into urban services to the efficiency of municipal systems around the world -- a partnership which opens up new possibilities for smart cities. Full story
Data Center Interest in Renewable Energy on the Rise
Renewable energy is among the top emerging technologies being considered by data center owners to help address power and cooling costs, according to a Mortenson survey of corporate data center executives, data center developers and operators, and information technology providers at the 2014 Data Center World conference.  Full story

37-Story Condo in NYC's Financial District to Reap Energy Savings

Tecogen Inc. announced the sale of two combined heat and power (CHP) systems to a 37 story Art Deco Style skyscraper in Manhattan's Financial District. The net projected energy savings from the Tecogen equipment is $225K per year. Tecogen's two systems are expected to generate more than 70% of the building's energy needs, significantly reducing energy costs, and cutting criteria pollutants, the compounds contributing to smog.  Full story

Government Funding Drives Uptake of Net Zero-Energy Building Technologies Globally

As global warming and fossil fuel depletion highlight the need to save energy and reduce our carbon footprint, the net zero-energy building (NZEB) concept is gaining prominence. As NZEB is still at a nascent stage of adoption, funding plays an important role in developing its enabling technologies and ensuring wide-scale implementation. Full story

Jonathan Rose Companies and TIAA-CREF Launch New Affordable Housing Preservation Fund
The $51.6 million fund will acquire affordable and mixed-income multifamily housing in high demand markets across the US. The fund is intended to improve and “green” the assets through high impact/low cost energy retrofits as well as hands-on asset management that will reduce/control expenses and enhance tenant quality of life.  Full story

Open Standards-Driven Solutions Key to Future-Proof Smart Buildings

According to a survey among building owners, managers and other industry professionals by Daintree Networks, a large percentage of respondents have no energy-management capabilities.  Full story

Green Charge Networks and NRG eVgo Form Partnership to Bring Power
Efficiency to More Drivers

The innovative partnership empowers the two companies to collaborate and combine Green Charge's GreenStation energy storage with eVgo DC fast charging installations to form a holistic solution that enables businesses, universities, and cities to expand EV charging options while reducing electricity bills through intelligent energy storage.  Full story

The Toronto-based company, which provides demand-side energy management solutions for commercial and industrial facilities, has closed on a Series B funding round in excess of $12 million. The round was led by new investors, including a major U.S. utility company, Export Development Canada (EDC) and EnerTech Capital, and was supported by existing investors BDC Capital and NGEN Partners.  Full story

The largest owner, operator, and provider of electric vehicle (EV) charging services, announced that the Public Utility Commission of the State of Pennsylvania will permit owners and operators of EV charging stations to implement kilowatt hour pricing within the state.   Full story

Host Hotels Recognized by CDP as S&P 500 Leader and by GRESB as Global Sector Leader
The nation's largest hotel real estate investment trust has been recognized by environmental nonprofit CDP as a leader among S&P 500 companies for corporate action on climate change and for climate change transparency. Additionally, Host was recognized by the Global Real Estate Sustainability Benchmark (GRESB) as the Global Sector Leader for Hotels and achieved Green Star status.  Full story

Enmetric Systems, Inc. Recognized as Cisco EnergyWise Suite Authorized Technology
The Cisco EnergyWise Suite ATP Program assists partners in marketing and reselling the Cisco EnergyWise Suite to help energy-conscious customers control consumption, save money and boost performance.  Full story

Honeywell and USGBC Collaborate to Advance Building Sustainability
Honeywell and the USGBC are working together to deepen facility sustainability by integrating USGBC's new LEED Dynamic Plaque, a near-real-time monitoring tool with integrated building automation technology from Honeywell to measure and provide performance feedback to help optimize operations.  Full story



A New Efficiency Rating for Apartment Buildings Instantly Communicates Building Performance
WegoWise, a building analytics software company, has launched a new rating tool that provides a clear snapshot of a building's utility usage, enabling property owners to prioritize retrofits, better manage their portfolios and communicate building efficiency to tenants.  Full story

Manulife RE Fund Acquires LEED Platinum Office Building in Vancouver
The property, located in Burnaby BC, a Greater Vancouver suburb, was purchased for Manulife Real Estate's Manulife Canadian Property Portfolio and lifts the Fund's assets under management to approximately CAD$550 million.  Full story

Ascentium Capital Joins Noesis Energy's Efficiency Project Financing Platform
Noesis Energy, a finance company focused on commercial energy efficiency projects, announced that Ascentium Capital has joined its syndicate of efficiency lenders that use Noesis to connect with more than 100 energy-efficiency companies that collectively propose over $1 billion in projects annually.  Full story

Simon Property Group and NRG Open Charging Stations in Northern California

Electric Vehicle (EV) drivers are now able to plug in and charge their cars while they shop or grab a bite at four of Northern California's premier retail destinations.  Full story

Google Executes $145 Million Investment In SunEdison Solar Plant Launch of New Electric Vehicle Charging
SunEdison, Inc., a leading global solar technology manufacturer and provider of solar energy services, announced that Google Inc. has agreed to provide $145 million in equity financing for the Regulus solar plant. When completed, the Regulus solar project will be SunEdison's largest developed and constructed project in North America.  Full story

Akridge Delivers LEED Platinum Targeted Trophy Building in Washington, DC 

Akridge and Mitsui Fudosan America announced the grand opening of 1200 Seventeenth Street NW, a 170,000 square foot, commercial office building, two blocks from the Farragut North Red Line Metro station in the Golden Triangle Business Improvement District.  Full story

Dropcountr Introduces Meter Data Management Solution

Dropcountr, a provider of digital water conservation solutions, released its first flagship utility product CLEAR, a meter-agnostic Meter Data Management (MDM) platform that enables utilities to efficiently meet increasing state and federal water conservation goals. 
 Full story

Effects of Climate Change Are Restructuring the Building Industry in Asia-Pacific
The increasing effects of climate change on temperatures in various countries across Asia-Pacific will inevitably impact the buildings industry in the region, according to research firm Frost & Sullivan.  Full story


Invesco Nets LEED Platinum Arlington Office Complex for $90 Million

Priced at about $650 per square foot and completed in 2012, 1776 Wilson is a 139,394-square-foot, Class A mid-rise situated minutes outside of Washington, D.C. in the Rosslyn submarket. The property consists of office and retail space and is currently 90% leased.  Full story

Renovate America Closes $50 Million Equity Investment

The residential Property Assessed Clean Energy (PACE) group has raised $50 million in growth equity from new and existing investors. Valor Equity Partners led the round, which also included Macquarie, RockPort Capital and Spring Creek.
 Full story
Report Ranks U.S. Electric Utility Companies’ Renewable Energy, Energy Efficiency Performance
The report, from Ceres and Clean Edge, found that many utilities are deploying lower carbon fuel sources and that state policies are a key driver in that performance, but there is variability in performance even among utilities operating in the same states.  Full story

Online Tool Promotes to Reduce Energy Costs and Power Outages for Building Owners and Managers
The site, Gridmarket.com, aims to simplify the process for a building owner or manager to implement a storage project. Energy storage, generally using batteries, allows a building to reduce its energy costs by storing energy when it is least expensive and using that stored energy to reduce grid demand at times of peak use.  Full story

Celtic Bank Announces $6.9MM PACE Bond Funding with Los Angeles County

Funds for the New Constance Hotel will be used to install energy efficient improvements, including new HVAC and controllers, LED lighting, elevator motors and controls, window treatments, water systems, and insulation.  Full story

Target Announces LEED Certification for All 2013 Store Locations

Target stores were awarded LEED certification through the U.S. Green Building Council's (USGBC) LEED Volume Program, which streamlines the certification process for buildings in both Canada and the U.S.  Full story

Green Schools Alliance Selects Smart Grid Technology Partner

The Green Schools Alliance (GSA) announced an exclusive partnership with Noveda Technologies, to bring energy and water management tools to their member schools. Under the partnership, all GSA member schools will now have access to cutting-edge energy and water monitoring systems as well as other advanced analytics tools and conservation technologies.  Full story

Geosyntec Expands Environmental Management and Sustainability Services
The services are being offered through the firm’s Green Harbor Energy division and led by Managing Director Paul MacGregor, Ph.D. The firm is a full service provider with experience in energy efficiency project development, such as combined heat and power (CHP) systems and energy conservation measures, utility quality metering systems, and energy management systems. Full story
JUNE 2014

North Sky CleanTech Alliance Fund and New World Environmental Infrastructure Invest in Nautilus Solar Energy's Canadian Solar Project

Nautilus develops, constructs, finances, owns and operates distributed generation and utility-scale solar electric systems throughout the United States and Canada, focusing primarily on the mid-Atlantic, northeast and western regions of the U.S. and Ontario, Canada.  Full story

Study Points to Significant Growth Since 2005 in Green Building Space in U.S.
A joint study by CBRE and Maastricht University says Minneapolis is the U.S. city with the highest percentage of green commercial space, and green commercial real estate nationwide has increased significantly since 2005.  Full story

Canadian Green Building Market Growing Steadily with Owners Seeing Strong Benefits from Building Green
The Canadian green building market is poised to see strong growth over the next three years, with surveyed Canadian firms expecting to grow their green practices from one third in 2014, to one half by 2017. Full story

Simon Property Group and NRG eVgo Opening Electric Vehicle Charging Stations Throughout Orange County
Electric Vehicle (EV) drivers can now plug in and charge their cars while they shop or grab a bite at four of Orange County's premier retail destinations.  Full story

Construction Market in Asia-Pacific Cities Set to Thrive as Buildings Go Green and Smart

Urbanization and the need for sustainable buildings will drive growth in the Asia-Pacific building construction market despite the soaring property prices, according to a new analysis from Frost & Sullivan. Full story

Lodging Group Providing Hotels with Resources to Help address California's Water Crisis

InterContinental Hotels Group (IHG), a leading hotel company, announced that its patented Green program, the online sustainability program used by more than 2,700 IHG-branded hotels worldwide, is helping hotels address the drought conditions in California. Full story

Efficiency Grid Adds to R&D Team
Efficiency Grid announced the recent addition of Wolfgang Lukaschek, MSc. and Dr. Ekawahyu Susilo -- reinforcing its scientific and technology oriented approach to hotel building energy control. Full story

ReGreen Successfully Completes Massive Campus-Wide Lighting & Energy Upgrade at Santa Monica College
This project will save the college over $250,000 annually in utility expenses, reduce lighting-related energy consumption by 40%, and increase safety across the campus. Full story

APRIL 2014

L.A. County Votes To Enable Residential Property Assessed Clean Energy

Los Angeles County cities that recently adopted resolutions to make the financing of energy and water efficiency retrofits available to their residents will launch their programs this month. Full story

Bollore Group Launches Largest Electric Car Sharing Service in the United States

The French Bollore Group, following on its successes in numerous French cities, will invest approximately $35 million in Indianapolis to build largest electric car sharing service in the United States. Full story

LG Electronics Selected For DOE’s New Technology Performance Exchange Program for Buildings

LG Electronics is partnering with the U.S. Department of Energy (DOE) on a new program designed to accelerate adoption of cutting-edge energy-saving technologies for commercial buildings such as office building, schools, hotels and hospitals. Full story

Hannon Armstrong Sustainable Infrastructure (HASI) Acquires $107M of Land and Leases for Solar and Wind Projects
HASI also entered into an expansion of its existing credit facility, which provides for an additional $200 million of capacity and increased flexibility in terms. Full story

E.ON and Iberdrola Join Existing Investors with $12 Million Investment in QBotix Inc
QBotix, which delivers up to 20% improvements in solar PV project economics with the optimized Robotic Tracking Systems (RTS) has closed on a $12 million round of Series B financing. Full story

Florida PACE Agency Announces Available Funding

Florida PACE Funding Agency, through its EVest Program, announced that $200 million in financing is now available to property owners in subscribing local government jurisdictions for qualifying energy efficiency, renewable generation and wind resistance home or commercial business improvements or repairs.  Full story

Google Glass App from SemaConnect Directs Electric Vehicle Drivers to Nearest Charging Stations

The new app allows EV drivers to locate the closest charging stations within a 20-mile radius, enable turn-by-turn navigation to station locations, and initiate a charging session; all in a handsfree experience through a digital user interface designed specifically for Google Glass.  Full story

Kaiser Commits to Increasing Onsite Solar Power Generation
Kaiser Permanente will increase its onsite solar generation capacity by as much as 50 megawatts, with additional installations planned for its medical campuses and other locations. The announcement came soon after the White House released its National Climate Assessment report on the effects of climate change in the United States. Full story

MARCH 2014

Recurrent Building Intelligence Teams with Noesis Energy to Offer Energy Efficiency Project Financing

Among the new offerings are PACE (Property Assessed Clean Energy), capital leases, municipal leases, and ESA (Energy Service Agreements). Full story

Mercatus Aims to Accelerate Solar Securitization
The company has formally adopted the Solar Access to Public Capital (SAPC) Working Group standard contract documents for both residential and commercial solar.  Full story

PACE Texas Requests Feedback from Stakeholders Nationwide

The PACE financing program, which was signed into law last June, allows commercial, industrial, and multifamily property owners to obtain low-cost, long-term private sector financing for water conservation and energy-efficiency improvements to their properties. Full story

Green Charge Networks Helps California City Achieve Sustainability Goals
The provider of energy storage solutions signed a Power Efficiency Agreement with Redwood City to install its GreenStation at two facilities. The 30 KW systems are expected to offset demand charges, making Redwood City the first Bay Area city to install behind-the-meter energy storage. Full story

WegoWise's Business Grows 77 Percent

WegoWise automatically tracks and benchmarks utility use across building portfolios to identify the worst performers ripe for upgrades. The company's growing measurement and verification (M&V) services builds on that platform to compare projected utility use against actual use, helping to identify unforeseen outcomes and ensure retrofits deliver expected savings. Full story

Simon Property Group and NRG eVgo Launch Three New Electric Car Fast Charging Stations

The three stations are part of NRG eVgo plan to build a network of more than 40 Freedom Station charging sites as well as the infrastructure to support Level 2 charging at multifamily residences and workplaces throughout the greater Washington, D.C., metropolitan area. Full story

The Green Grid Shares Insights From Study Of Utility Incentives
Two recommendations: utilities should take the lead in educating the marketplace by offering informational programs and training about available efficiency programs and services, and incentive application processes should be simplified and utility companies should develop and roll out simplified calculation tools to help their customers. Full story

U.S. Homeowners to Benefit from Groundbreaking Home Energy Loan Financing Platform

The Warehouse for Energy Efficiency Loans (Wheel) opens the residential energy efficiency finance market to large institutional investors – bringing low-cost capital to loans for home energy efficiency improvements. Full story

Altus Power America Launches Clean Energy Land Program with Macquarie

Altus Power America Management, an investor and manager of solar power projects and assets, has launched a Clean Energy Land Program with Macquarie Group (Macquarie) to finance up to $100 million in solar and wind land energy projects in the US.  Full story

Largest PACE Program in US to Benefit Homeowners Across California
Operated under the auspices of the California Statewide Communities Development Authority (CSCDA), the California FIRST residential PACE program will launch this summer in 17 California counties and 167 cities, and makes energy and water efficiency projects more affordable and accessible for millions of California homeowners. Full story

Installed Base of Smart Water Meters Will Surpass 153 Million Units by 2022

Smart water meters are a key component of smart water networks, but other monitoring and control technologies are becoming increasingly important, as well, for leak detection, pressure management, and water quality monitoring.  Full story

Panasonic and Coronal Launch Energy Platform for US Municipalities

Panasonic Eco Solutions North America and its strategic partner Coronal Group have teamed up with Global Investment Renewable (GIR) to create Coronal Municipal Energy Services (CMES).  Full story

SAP Greens Its Cloud, Will Power Data Centers and Facilities with 100 Percent Renewable Electricity in 2014
The shift will help minimize the company's carbon footprint as it moves to a cloud business model, and will help eliminate carbon emissions caused by its customers' systems by moving them into a green cloud. Full story

GRESB Adds Catholic Super and Global Logistic Properties as New Members

Catholic Super, an Australian superannuation fund currently managing assets of $A5.8 billion, and Global Logistic Properties a leading provider of modern logistics facilities in China, Japan and Brazil with a property portfolio of  US$16.9 billion expect to integrate ESG considerations into all aspects of their operations.  Full story

Smart City Technology Investment in Asia Pacific to Total $63 Billion from 2014 through 2023
Working with an evolving mix of international and regional smart city technology firms, governments in the region are piloting a variety of technologies to solve urban problems, reduce urban energy and resource use, and prepare for future growth.  Full story

Pace of Construction on NRG eVgo’s California Electric Vehicle Infrastructure Increases
NRG eVgo, a subsidiary of NRG Energy, Inc. announced that it has partnerships and agreements in place to have more than 200 fast-charging Freedom Station charging sites built throughout California. Currently, NRG has a total of 46 electric vehicle (EV) charging sites operational, under construction or currently being permitted in San Diego, Los Angeles and San Francisco with 15 operational across the state of California. Full story

Green Charge Networks, a leader in intelligent energy storage, has signed agreements for 1 MW of energy storage with retail chain customers and city municipalities that are seeking to reduce their electricity bills through smart grid technologies. Full story
Zocalo Community Development Sells LEED-Gold Cadence Union
Zocalo Community Development and Principal Real Estate Investors have agreed to sell the 219- unit Cadence Union Station apartments to an institutional client of Invesco Real Estate. Full story

Mandyck Named Board Chairman of NYC Urban Green Council; Bloomberg Appointed as Special UN Envoy for Cities and Climate Change
Mandyck's appointment is an extension of his current work with organizations and universities around the world to accelerate green building, including chairing the corporate advisory board of the World Green Building Council. As UN envoy, Bloomberg will assist the Secretary-general in his efforts to mobilize action among cities as part of a strategy to combat climate change.  Full story

GBI Launches Compliance Program for New Construction of Federal Buildings
The program was developed to significantly reduce the amount of time and effort required from federal agency personnel to achieve a green building certification, enabling staff to retain focus on the agency's mission while concurrently measuring progress towards compliance with the Guiding Principles.  Full story

Energy Efficiency Standardization Roadmap Draft Open for Public Comment

American National Standards Institute Energy Efficiency Standardization Coordination
Collaborative (EESCC) has released for public comment period the EESCC Standardization Roadmap VI.0 draft, which outlines 116 action-oriented recommendations to advance energy efficiency in the built environment through standards and conformance activities
. Full story
e-Chromic Technologies Completes First Close of Seed Round
The $600K funding by Amplifier Ventures, a seed-stage venture firm, will help e-Chromic Technologies develop an innovative reflective electrochromic thin film that enables users to control light and solar heat transmission through windows. Full story

Increasing Popularity of Data Analytics Strengthens Case for Global Smart Water Metering, Says New Research
The market for smart water metering is expected to witness solid expansion due to development in North American and European markets – both regions where water utilities are increasingly aligned with the potential uses of data and analytics.
Full story

Global Survey Finds Environmental Management Budgets Will Power Ahead In 2014
More than 62% of corporations worldwide will increase spending on environmental management initiatives in 2014 and 31% will increase spend in the double-digits according to a new report from independent analyst firm Verdantix. Full story

Developer Plans to Transform Site into Transit Oriented, Mixed Use Center

SunCal, one of the leading privately held land developers in the U.S., has closed the acquisition of the 30-acre former State Farm Insurance property in Rohnert Park, Calif., for an undisclosed sum. A transit-oriented development is planned on the site, which encompasses an entire city block. Full story

View Raises $100 Million Financing from Madrone Capital Partners

The investment will enable the company, a leader in electrochromic glass solutions for buildings, to accelerate its growth, expand market presence, and continue to serve its broadening customer base. 
Full story

The Westly Group and Craton Equity Partners Back GreenWave Realty

GreenWave will use the $19 million in Series B funding to accelerate the rollout of its innovative Home2Cloud platform through its global partners and scale up the company’s operations.
Full story

Mack-Cali/Ironstate Break Ground On Green Tower On Jersey City Waterfront
Mack-Cali Realty Corporation, and its joint venture partner, Ironstate Development Company have broken ground on URL Harborside. URL, which stands for Urban Ready Living, is a direct response to the needs and desires of those looking to live in apartments that use less energy, provide more innovative spaces, and offer public areas that foster community. 
Full story

Green Bond Principles to Help Issuers and Investors Deploy Capital for Green Projects

A consortium of investment banks, including Bank of America, Citi, JPMorgan, Deutsche Bank and others, have announced their support of the Green Bond Principles. These Principles were developed with guidance from issuers, investors and environmental groups and serve as voluntary guidelines on recommended process for the development and issuance of Green Bonds. 
Full story

Balfour Beatty Communities Signs On To Better Buildings Challenge

Balfour Beatty Communities has committed to reducing energy consumption across its portfolio of military, student and multifamily housing—44,000 homes across 26 states—by 20% over a period of 7 years. 
Full story

USAA Real Estate Acquires LEED Gold- Certified Office Campus and Adjacent Development Site in Silicon Valley

USAA Real Estate Company has announced the acquisition of America Center, a Class A office campus in San Jose, California, as well as an adjacent development site. When fully developed, America Center will consist of four buildings totaling over 850,000 square feet. 
Full story

Starwood Capital Group Closes Second Starwood Energy Fund

The blind-pool fund, with total capital commitments of $983 million, will invest in wind, solar and other power generation and high-voltage transmission assets primarily in North America. 
Full story

Obama Expands Programs to Boost U.S. Energy

U.S. Departments of Energy and Housing and Urban Development have expanded the Better Buildings Challenge to multifamily housing such as apartments and condominiums, and launched the Better Buildings Accelerators to support state- and local government-led efforts to cut energy waste and eliminate market and technical barriers to greater building efficiency. Full story

Sensor Technologies Becoming an Integral Part of Buildings

A report says the construction of green buildings has become easier with the arrival of smart sensors and actuators, as information on local environment and occupancy enables building automation systems to utilize energy in an efficient manner. Full story

Smartcool Completes Software Licensing Agreement
Smartcool Systems Inc., a provider of energy efficiency retrofit solutions of HVAC systems, has launched a new strategic initiative to market the intellectual property contained in its energy efficiency products. Full story

Canyon Capital Realty Advisors Partners with Citi on Multifamily Impact Fund
The new $800 million fund, launched in May, will adhere to CCRA’s triple bottom-line approach to investing that includes achieving sound financial returns, advancing community development and embracing environmental responsibility. The fund recently completed its first acquisition, a 366-unit apartment complex, in Palmdale, CA.  Full story

Stem Closes $15 Million Series B

The company’s proprietary data analytics and intelligent energy storage system enables businesses to reduce their electricity expenses without changing day-to-day operations. The funding round will enable expansion to new commercial and industrial sectors and geographies primed to benefit from the cost savings associated with advanced energy storage systems. Full story

KBS Acquires LEED Gold Office Property in Chicago

The $425 million purchase of 500 West Madison known as Citigroup Center, a 1.5 million square foot mixed-use iconic tower, is the REITs largest transaction to date. Full story

Skanska Invests EUR 31 Million in Green Office Project in Czech Rebuplic

The office will feature a number of sustainable solutions to minimize the building’s environmental footprint and significantly reduce its operating costs. Among other things it will have a high-performance façade with a high level of daylight provision, and as with other Skanska projects a strong emphasis on the environmental quality inside the building. The project will apply for LEED certification at level Gold. Full story

Site Near New Haven Coliseum Slated for Green Redevelopment

The $362 million project, the largest in the city’s history, is envisioned as a transit oriented, mixed-use, mixed-income, smart growth development that, once completed, will include 75,000 square feet of retail, up to 1,002 residential units, a 200,000 square foot class “A” office building, and a 160-190 room 4.5 star branded hotel and multifunctional center all designed around a vibrant public square and community gathering place. Full story

BuildForward Capital to Finance Small- Scale Energy Efficient Construction Projects in New York
BuildForward has created a unique, crowdfunded lending platform for the $5M and under retrofit market that allows individuals and institutions to lend directly to borrowers who seek to make radical improvement to the energy footprint of their buildings. Full story

Project Frog Raises $20M in Series D Round

The funding from CCM US and McNally Capital will be used to support rapid growth of the company, which so far this year has delivered more than seven times the square footage of buildings than in 2012. Full story

Energy Professionals Blame Nixed Energy-Efficiency Proposals on Lack of Funding

A survey by Noesis Energy indicates that limited access to financial resources and partners who can help ensure performance pose significant barriers to completing energy efficiency projects.  Full story

ChargePoint and Key Equipment Finance Launch $100M Financing Program to Spur Mass EV Adoption
The lease-to-own program for EV charging stations will give small and medium sized companies and municipalities the opportunity to install EV chargers at no upfront cost. Full story

New PACE program in Florida

The Broward County Commission unanimously voted to move forward with an innovative "open market" approach to financing for residential and commercial energy retrofits for its more than 1.8 million county residents. Full story

Washington Metro Signs Green Lighting Agreement
The Transit Authority will upgrade the lighting in 25 parking city garages. Over 13,000 lighting fixtures will be converted to an innovative, custom-designed LED lighting solution that will reduce energy usage by 68 percent or 15 million kWatt hours per year and provide real time data on energy consumption. Full story

Report Says Five Trends Making Smart Building Technology a No-Brainer for Real Estate

The report, from Jones Lang LaSalle, identifies rapid ROI, operating expense advantage, marketing mileage, energy savings and improved corporate social responsibility as the key reasons to explore smart building technologies. Full story
eMeter Expanded Cloud Offering May Help Commercial and Corporate Real Estate Owners
The new offering can be accessed from the cloud directly via Siemens or through strategic partners as a managed service with subscription-based pricing on a per meter, per month basis, allowing end users such as commercial and corporate real estate owners to benefit from increased capital efficiency. Full story

Sustainable Insight Capital Management and The Carbon Disclosure Project (CDP) Issue Joint Study on ESG and Investments
The report analyzed the relationship between corporate engagement and action on climate change and financial performance of the world's largest corporations. Full story
Hannon Armstrong, JCI to fund $27 Million in Energy Improvements to Louisville City Buildings
Louisville Metro Government will make payments on the project through a performance contract, in which energy savings from the building improvements are guaranteed to pay for the work over 23 years. Full story

Enmetric Systems Closes $1.5 in Financing Round; Selects Advisory Board
Navitas Capital led the round with participation from new investors including Azure International, Lakewest, Inc. (Belgravia Group, Ltd.), and several prominent angel investors. The Board – which includes Edward “Skip” Stritter, the chief architect of the Motorola 68000 microprocessor (used in the original Apple Macintosh Computer) – will help guide Enmetric’s operations and prepare the company for future growth. Full story

GreenWave Realty Closes $19M Series B Round

The firm will use the funding to accelerate the rollout of its innovative Home2Cloud platform through its global partners and scale up the company’s operations. Full story

Simon Property Wins Spot on Carbon Disclosure Leadership Index, Again
This is the third time Simon Property Group has been awarded the CDLI distinction due to its top score on disclosure of green house gas emissions and energy use, and SPG is the only real estate company included in 2013. The Global Real Estate Sustainability Benchmark (GRESB) also recognized SPG as the leading retail estate company in North America for its sustainability practices.  Full story

Study Examines a Decade of California Cleantech Investment

A new analysis of the last decade of investment in California's world-leading clean technology sector shows that although venture capitalists (VCs) remain key players, different types of investors, including corporate strategic investors are becoming more important to the growth of the sector, later stage investment is showing gains, and new financing mechanisms are influencing the sector. Full story

LG Electronics Unveils New HVAC Solution For High Rises
Designed to maximize floor space, the LG Multi V Water Mini is a compact unit that can be placed inside a closet, eliminating the need for rooftop or other outdoor installations. Full story

Digital Federal Credit Union to Offer Up to $100 Million in Loans for Solar Applications
SunPower Corp. and Digital Federal Credit Union (DCU) have established an agreement that may provide up to $100 million in loans for SunPower residential solar projects in the U.S. Full story


The U.S. Department of Energy (DOE) has published final rule 10 CFR 433: Energy Efficiency Design Standards for New Federal Commercial and Multi-Family High-Rise Residential Buildings. Full story
Honeywell Makes New York Apartment Complex Smart and Efficient
Honeywell has completed a $2-million smart building retrofit for Spring Creek Towers in
Brooklyn, N.Y. The project will help facility personnel more effectively manage energy use, and increase safety and security across the development’s 46 apartment towers and multiple parking garages, retail centers and other amenities. Full story

Green Lease Primer Fosters Sustainability Dialogue with Retailers

The Retail Industry Leaders Association (RILA) and the Institute for Market Transformation (IMT) have published the Retail Green Lease Primer, a first-of- its-kind document that helps retailers and retail owners improve the efficiency of their retail facilities. Full story
IO Raises $260 Million in Financing, Expands Bank Group
IO, the global leader in software-defined data centers, closed a new $260,000,000 multiyear credit facility led by Wells Fargo. IO’s existing bank group, consisting of Wells Fargo and Mutual Bank of Omaha, has been expanded to include Bank of America, Bank of Montreal, JPMorgan Chase Bank, Royal Bank of Canada, National Bank of Arizona, Goldman Sachs Lending Partners and Morgan Stanley Bank.  Full story

EnviroFinance Group LLC Promotes Bertron, Hires Niebanck

EnviroFinance Group, LLC (EFG) has promoted Cameron Bertron to Senior Vice President – Development Services. Bertron manages the real estate and financing components of brownfield and infill projects for EFG, with a specific focus on public finance issues. The firm has also hired Markus Niebanck as Vice President – Environmental Management. Full story

CBRE Group, Inc. Selects Five Winners of its Real Green Research Challenge

Launched in September 2012, the RGRC is CBRE’s $1million commitment to fund leading-edge sustainability research and innovation in commercial real estate.  Full story

AT&T and Environmental Defense Fund Find 28 Billion Gallons in Water Savings Potential in U.S. Commercial Buildings
The groups unveiled a suite of tools that US commercial building owners and managers can use build their own water efficiency programs and includes both technical and management tools to design, implement and document water savings. Full story

Life Cycle Costing is Critical in the Intelligent Buildings Industry
A new study shows that optimizing intelligent building investments by managing end-user experiences, energy efficiencies, monitoring and maintenance of assets, and life cycle costing proves of paramount importance, and that cost evaluations are not the industry norm; instead, purchases are most often based on the lowest costs and relationships with past vendors.  Full Story
JUNE 2013

AFL-CIO Housing Investment Trust Is Invested in Green Retrofits, LEED Construction
The recent investment of $115 million for energy-saving rehabilitation work at Boston's Georgetowne Homes I and II put the HIT's Green Jobs Initiative over the $1.1 billion mark.  Full story

AgilQuest Plugs into Smart Buildings

AgilQuest Corporation has a new version of OnBoard, their workplace management technology, which connects office space management efficiencies to the energy savings of intelligent buildings.  Full story

CommScope Acquires Redwood Systems

The acquisition is intended to strengthen CommScope’s position in intelligent building infrastructure solutions. The terms of the acquisition were not disclosed.  Full story 

Corning and View Announce Strategic Collaboration to Advance Dynamic Glass Technology

This new infusion of funding and collaboration with Corning will help the company further scale its operations to meet accelerating demand, as well as continue to develop and advance dynamic glass technology.  Full story 

Fuel Cell Technology Market Worth $2.5 Billion by 2018

The Asian region is the largest end user market for stationary fuel. The revenue trend estimates Asia dominating followed by North America and Europe.  Full story 

Construction Specialties and Earth911, Inc. Launch First Building Products Recycling Locator
The locator provides users with the information and resources necessary to conveniently recycle and properly dispose of materials.  Full story 

S&P 500 Companies Lag Behind on Environmental and Social Transparency
Fewer than 20 percent of S&P 500 companies disclose their performance across a broad range of environmental and social practices.  Full story 

AT&T Saves $151 Million Through Cutting-Edge Energy Efficiency Efforts Over Three Year
The savings comes from investments of $43.6 million toward a planned $250 million commitment over five years toward energy efficiency.  Full story
MAY 2013

Skyline Innovations Receives $2M Investment from CCM US and DC Community Ventures
The mezzanine financing will help the firm, a leader in the financing and installation of solar water heating systems, with its continued expansion.  Full story

ECC Renewables Awarded First-of-Its-Kind $7 Billion US Army Geothermal Energy Contract

Under the 10-year contract, ECC will compete for projects to develop, construct, finance, own, and operate geothermal energy projects on Department of Defense installations located throughout the US under long-term (20+ year) power purchase agreements using private sector financing. Full story

Solar Power And Luxury Draw Tenants To Solterra Ecoluxury Apartments

Developed by H.G. Fenton Company, Solterra is the first apartment community to give San Diegans the opportunity to live in a community where all the electricity they need for daily living is generated by the sun.  Full story

GE and Trilliant Deliver Smart Grid Solutions as a Service for Public Power Utilities
Trilliant, a global Smart Grid communications company, has announced ahead of the 2013 APPA National Conference & Public Power Expo that its Smart Grid Communications Platform has been chosen by GE to be a part of GE's Grid IQ Solutions as a Service (SaaS) offerings for the public power industry.  Full story

Circular Energy Secures $2.7m In Series A Funding

The investment in solar design and installation company was provided by Dallas-based Cypress Capital and a handful of other private investors, and will be used to drive geographical expansion, capital investment into back-office workflow automation and further development of the company's proprietary software solution, CURB, Inc.  Full story

Survey of Sustainability Experts Examines the Benefits of the GRI Sustainability Reporting Framework
Sustainability reporting is evolving into a core business practice for companies around the world because it provides a competitive advantage, and there is strong evidence that transparency offers a number of financial and social advantages that make it more than worth its costs.  Full story

First Highland, FireFlower Alternative to Develop Boston’s Largest Solar Rooftop
The project is located in the Boston/Dedham Commerce Park at 65 Sprague Street. The solar array covers 120,000 square feet of rooftop and has a 974-kilowatt capacity. Full story
HERO Financing Program Approved in San Bernardino County

The San Bernardino Association of Governments (SANBAG) Board of Directors voted in May to make the HERO Financing Program available to residents and businesses of San Bernardino County. Full story
APRIL 2013

WegoWise Secures $3M in Funding from Boston Community Capital

The investment will power the expansion of the company’s innovative utility data intelligence platform to the commercial real estate market, providing utility tracking and benchmarking solutions to commercial buildings. Full story

Two Cities in San Diego County Join Residential PACE Trend: San Marcos and Vista Pass Resolution to Adopt HERO Financing Program
The HERO Program enables property owners to finance improvements through their property taxes, allowing them to pay for permanently affixed renewable energy, energy-efficient, and water-efficient systems over time.  Full story

Verizon to Invest $100M in Green Energy Project
The solar and fuel cell energy project will help power 19 of its facilities with 70 million KW of green energy in seven states across the U.S.  Full story

U.S. Ranks First In KPMG Green Tax Index

The United States ranked first among 21 countries most actively using the tax code to influence sustainable corporate activity, reflecting the country's extensive and long-established program of federal tax incentives for energy generally, including specific incentives for energy efficiency, renewable energy and green buildings.  Full story

IFC Invests $25 million in Brazil Hospitality Group to Support Expansion, Green Design

IFC, a member of the World Bank Group, has become an anchor investor in BHG S.A.- Brazil Hospitality Group, with a $25 million equity investment during the company's recent successful public offering of approximately $200 million. The hospitality group will adopt sustainable green building design and construction practices in its new hotels that could help cut save energy use by 20 percent and water use by 40 percentFull story

InsideIQ Building Automation Alliance Firm Completes $23 Million Performance Contract for Pennsylvania School District

Improved facility efficiency, occupant comfort, financial management and environmental protection are among the long-term expected benefits of the project.  Full story

Electrical Vehicle Charging Infrastructure Poised for Rapid Expansion in Asia-Pacific, According to Study
Japan, South Korea and Taiwan are conducting research on faster charging systems at lower costs, and will commercialize the resulting products after 2015. 
Full story
WegoWise Partners with Los Angeles Better Buildings Challenge
The partnership will reduce building energy use across 30 million square feet of Los Angeles buildings. LABBC is one of the largest BBC programs in the nation and the first to offer the WegoWise platform to all participants free of charge, enabling building owners and managers to easily track utility data and accelerate progress towards the program goal of reducing energy use 20% by 2020.  Full story
MARCH 2013

Deal Provides $6M for Energy Efficiency Upgrades
The Maryland Clean Energy Center (MCEC) has closed on the first of its Maryland Clean Energy Capital (MCAP) transactions benefitting Coppin State University to finance six (6) energy efficiency upgrades on campus. 
Full story

Philips Creates the World's Most Energy-efficient Warm White LED Lamp
Researchers developed a tube-lighting (TL) replacement TLED prototype that produces a record 200 lumens per watt of high-quality white light (compared with 100lm/W for fluorescent lighting and just 15lm/W for traditional light bulbs. The prototype is twice as efficient as predecessor lamps, basically halving the energy used.  Full story

Regen Energy Inc. Establishes Strategic Agreement with Carrier
The HVAC maker will offer REGEN Energy’s patented Swarm Energy Management solutions to customers through its distribution network. 
Full story
John Mandyck, the company’s chief sustainability officer will help expand the organization's commitment to the green building movement around the globe.  Full story

Ecotality and Kroger Expand EV Partnership
The multimillion expansion includes over 200 level 2 (quick charge) charging stations, and 25 DC Fast Chargers, to be installed across key markets, bringing the grocer’s installed based to almost 300 charging stations. 
Full story

InsideIQ Building Automation Alliance Introduces Energy Dashboard
The dashboard is scalable to support any size building, but it is especially useful for small to midsize property managers who would normally not be able to afford this type of tool to collect information about their facility. 
Full story

Solar Wind Energy Tower, Inc. and Providence Energy Corporation Develop First Downdraft Energy Tower
The tower will provide clean renewable energy at a cost more favorable than nuclear plants with no negative impacts to the planet. 
Full story

The Smart City: Paris and San Francisco Select Inria and CITRIS to Conduct Research
The research program aims to foster both environmental and social sustainability by bringing together Inria and CITRIS researchers to study relevant enablers that span: sensing, measurement, integration and analysis, citizen engagement and communication within cities. 
Full story

PG&E Ranked Among Top Utilities For Sustainability Efforts
The utility has been named one of the nation's three most sustainable large utilities by Target Rock Advisors, and has also been included in Target Rock's 2013 Sustainable Utility Leaders Index (SULI).
Full story
Digital Lumens Closes $10M Investment Round to Support Continued Expansion    On the heals of a 150% growth in its customer based in 2012, Digital Lumens has raised an additional $10 million from investors Black Coral Capital, Flybridge Capital Partners, and Stata Venture Partners to support the company’s expansion in LED lighting. Full story
The DOE announced16 new Partner employers – including Bloomberg, the Coca-Cola Company, Dell and Facebook, to its Workplace Charging Challenge, which aims to expand the availability of workplace charging for American workers – increasing the convenience of plug-in electric vehicles (PEVs) and providing drivers with more options.  Full story
The report highlights that there are a large number of compelling benefits from green buildings received by different stakeholders throughout the life cycle of a building.  Full story

First Green Property Indexes Due to Go Live at End of March  
The indexes, currently in the final stages of implementation before customer use, will give investors a structured and disciplined way to measure and model the risk and reward profile of green property, using the first codified, transparent definition of listed green property.  Full story

Wells Fargo Invests in Leading Water Innovation Accelerator                        
Imagine H2O, a nonprofit supporting entrepreneurship and innovation in the water sector, is receiving a three-year philanthropic investment from Wells Fargo to expand its program offerings, including its annual business plan competition for water innovation and the Imagine H2O Accelerator Program, which helps participating entrepreneurs turn their plans into real-world solutions.  Full story

Car Charging Acquires Beam Charging                                                                  
The combined entities operate the majority of all EV charging points throughout New York City, and have existing agreements with Central Parking, Icon Parking, and Simon Properties.  Full story
In addition to the lift supplied by general construction activity, continuing consumer interest in environmentally friendly products will increase the market share of most green building materials relative to non-green alternatives.  Full story
The project, which was paid for by the property ownership, was undertaken to reduce the firm’s reliance on nonrenewable sources of energy and to reduce the overall cost of electric power at the property.  Full story

Energy Improvement Corporation Issues RFP for Credit Services 
The Energy Improvement Corporation (EIC) has issued a Request for Proposals (RFP) seeking to establish low-cost lines of credit ranging from $1 to $10 million to help property owners save money and use clean energy.  Full story

The funding, from Aster Capital, the Venture Capital unit of Siemens Financial Services, and Paladin Capital, will be used to accelerate growth and execute energy efficiency projects for a growing pipeline of commercial buildings in North America and Australasia.  Full story

Nissan Partners With NRG Energy To Build First Fast-Charge Network In Washington D.C. Area
Nissan's strategy is focused on a three-prong approach to increase the number of available fast chargers though its dealer network, workplace campus charging and opportunities within local neighborhoods that help interconnect communities where drivers spend the bulk of their time and do the majority of their driving.

The Green Grid Explores Energy Efficiency Gains And Economic Benefits For Data Centers                                           
The white paper offers an extensive look into how Eco Mode can improve data center efficiency and overall Power Usage Effectiveness (PUE) when appropriately deployed, and makes recommendations regarding other power distribution equipment to ensure a reliable power system. Full story

Pennvest to provide $7 Million in Low Interest Loan Funding for Lancaster Green Infrastructure
The funding comes from a combination of state funds approved by voters, federal grants to Pennvest from the Environmental Protection Agency and recycled loan repayments from previous Pennvest funding awards. Full story
Tamra-Tacoma Capital Partners Launches $500 Million Alterantive Invesment Firm  Led by a team that includes former Bain consultant Yoav Bergman, renewable energy fund manger Matthew Brown, real estate professional and former investment bank Patrick Donovan, the firm’s mandate is to deliver value investments in renewable energy and commercial real estate as well as filmed entertainment and digital media. Full story
Jaxon Love will be responsible for running Shorenstein’s comprehensive in-house sustainability program, which includes the company’s corporate operations as well as all properties under management.  Full story

Beazley Launches Environmental Cleanup Costs Insurance for Brownfield Projects
The product, written through Beazley's syndicates at Lloyd's, is available nationwide and protects contractors and their clients against additional expenses and cleanup costs incurred during remediation projects where the remediation budget is $3 to $10 million.  Full story

Green Teams Help U.S. Postal Service Save $52 Million
The U.S. Postal Service saved more than $52 million in 2012 by reducing energy, water, consumables, petroleum fuel use and solid waste to landfills, and generated nearly $24 million in revenue by recyclingFull story
ADA with Help from EPA Launches New Energy Ally Program to Help Car Dealerships Reduced Energy                                         
The National Automobile Dealers Association and the Environmental Protection Agency are encouraging dealerships to complete a brief survey that will give the agency a benchmark to better compare the energy usage of dealerships across the country and allow certification of those dealerships that perform well. Full story


Property Group Partners Acquires Fee Interest for Development of $1.3B Project in Washington DC
The 2.2 million square-foot mixed-used LEED Platinum development known as Capitol Crossing is cleared to begin with the development of the first office building to start this year. Full story

DIRRT Secures $20M Investment from Kayne Anderson, and a Banking Partnership with Comerica

The investment will be used for growth capital as the interior wall construction company pursues opportunities in North America and internationally and in vertical markets such as healthcare. Full story

IFC Launches Sustainable Banking Network for Regulators to Share Green-Credit Expertise 
IFC, a member of the World Bank Group, has launched the Sustainable Banking Network to help bank regulators in emerging markets develop green-credit policies and environmental and social risk- management guidelines by sharing knowledge and technical resources. Full story

Park Hyatt Chicago has completed a new installatoion of TeIknet’s Energy Management Technology

The technology is a programmable, controllable thermostat with over 125 configurable settings used to control the efficiency of a property’s heating, ventilating and air conditioning systems. Full story
The EESCC will hold its inaugural plenary on January 22-23rd in Arlington, VA to move the process forward. Full story
LG has pledged to participate in a broad array of EPA environmental stewardship programs with technical assistance and support from the EPA. Full story
The Ratkovich Company Bolsters Commitment to Sustainability at Two Notable  Los Angeles Properties
The Los Angeles-based developer achieved LEED certification for The Alhambra, a 45-acre mixed-use property in the City of Alhambra outside Los Angeles, and 5900 Wilshire – both well-known properties in the Los Angeles real estate community. Full story

ProLogis Signs Two Leases Totaling 740,000 Square Feet in New Jersey Development Project

The leading developer of industrial real estate is converting a former New Jersey landfill site into a LEED-certified logistics property. An additional 140,000 square feet of speculative space will also e developed. The company acquired the 50-acre site in 2008.  Full story

Prologis HQ To Finance Energy Improvements through PACE Bonds

The 20-year, low-interest bond was purchased by Clean Fund of San Rafael Calif., a specialty PACE finance provider and will be paid off through a special property tax assessment.  Full story

CODA Energy, Stem Deploy Smart Energy Systems at InterContinental Hotels

The Stem system includes a Coda Core of lithium-ion batteries and BMS technology integrated with Stem’s energy optimizations solution.  Full story

Building Owners Invest in Cost-effective Energy Programs as Evidence of Financial Value Mounts

The vast majority of commercial real estate owners have spent money on green strategies in the past year, but most have avoided making large capital investments requiring financing, according to the latest Global Sustainability Perspective report from Jones Lang LaSalle.  Full story

IBM to Assist UK Defense Ministry in Greening $36 Billion Property Portfolio

IBM analytics and smart building software will help provide a new level intelligence to how the defense ministry manages its 45,000 buildings and 55,000 houses.  Full story

Retroficiency Names New Strategic Advisory Board
The remote energy analytics company’s board includes Bill Richardson, Ron Weidner, Paul Dickerson, and Eric Teichholz, whose expertise spans several strategic market segments.  Full story

Green Building Accelerates Globally Through Economic Downturn, According to New Study

The study indicates a shift in the global construction market, now viewing green as a business opportunity rather than a niche market.  Full story

MACH Energy, Cassidy Turley Sign Agreement for Energy Management Platform
The national services agreement allows Cassidy Turley to offer properties in its 455-million-square-foot property management portfolio the MACH Asset Manager software service to initiate and generate significant energy cost savings through improved efficiencies in building operations.  Full story

Lunera Lighting, Lutron Electronics to Offer Integrated LED Fixtures

The collaboration will yield greater benefits for customers, including lowered installation costs, simplified commissioning, guaranteed compatibility, increased energy savings, and even greater control for occupant comfort.  Full story

MGM Resorts International Properties Lead in Green Meetings
Green Key Global, an international certification body evaluating sustainable hotel operations, has awarded the prestigious “5 Green Keys” rating to four MGM Resorts International properties for its Green Key Meetings Program.  Full story

San Diego and Major Jerry Sanders Unveil Completed Solar-to-EV Project at Balboa Park
The 90-kilowatt solar photovoltaic canopy directly charges electric vehicles in the San Diego Zoo parking lot.  Full story


Senate Bill Would Spur Energy Efficiency Retrofits
An extension and improvement of a federal tax deduction would leverage vast sums of private sector investment for technology-neutral, performance-based retrofits of commercial and multifamily buildings.  Full story

HERO Financing for Energy Efficiency Improvements in CA’s Western Riverside County hits $50M in Approvals

The Program is developed around the principles established by AB 811, which allows private property owners to pay for permanently affixed energy and water efficient products and renewable energy systems over time through their property taxes.  Full story

Report Says Energy Efficiency, Green Measures and Supportive Policies Intensify Demand for Building Automation in North America

The need to increase energy efficiency and savings while implementing green and sustainable measures is driving the uptake of building automation systems. Full story

BOMA Launches Lighting Energy Efficiency in Parking (LEEP) Campaign

The goal is to have 100 million square feet of parking structure or lot space to use roughly one-third less energy than ASHRAE Standard 90.1-2010.  Full story

Green Initiatives Expected to Spearhead Economic Development and Revitalization in Asia Pacific
A new study identifies green technologies, particularly in the environmental and building sector, as long-term catalysts of economic growth in the region.  Full story

Groundbreaking Information for Energy Efficiency Guidance

Four new data center classes that can enable fulltime economizers for a number of applications in many climates are contained in the latest edition of the principal book in the ASHRAE Datacom Series of publications.  Full story

New Alternative Compliance Paths Now Available for International LEED Projects

Global consistency and a regional approach mean providing flexibility in referenced standards while ensuring that LEED certification signifies the same level of excellence worldwide, according to the USGBC.  Full story

Life Technologies Moves Off the Grid with Clean Energy Fuel Cells

The Carlsbad, CA-based life sciences company, a leader in enterprise-wide sustainability, hopes to reduce carbon emissions by 30 percent and increase energy reliability while delivering cost savings. 


New York Enacts Legislation Authorizing Real Property Exemptions for Green Buildings
Under the authorizing statute, the exemption would apply to construction projects beginning on or after January 1, 2013. Full story
Green Building Market Shift Driven by Over $4 Billion in Venture Capital
Companies like Tridium, Encelium Technologies, and SAGE Electrochromics have grown their businesses from seed-stage rounds to hugely successful exits and acquisitions by giants, and this early wave promises to keep growing. Full story

Energy Efficiency is a Tale of Bottom Line Versus Brand Image
85 percent of companies claim that electricity cost reductions are essential to staying financially competitive, nearly an equal majority (81 percent) believe they are critical to brand building. Full story
Honest Buildings Financing Led by RockPort Capital and Mohr Davidow Ventures
The real estate network connecting professionals to new business opportunities and information for buildings across the U.S. has completed its first round of financingFull story

Sears Holdings To Compete In 2012 Energy Star Building Competition
The retailer has been selected to participate in the U.S. Environmental Protection Agency's (EPA's) Energy Star National Building Competition: Battle of the Buildings, which is designed to help improve the energy efficiency of commercial buildingsFull story

Zipcar and the City of Houston Launch First of Its Kind Municipal Electric Vehicle Car Sharing Program
The program is designed to help the City of Houston improve efficiency, promote sustainability and save money—all without sacrificing employee mobility.  Full story

BMW Group Launches ParkNow Mobile Parking Service in San Francisco

With an estimated one-third of all downtown traffic on weekdays due to vehicles searching for a parking spot, the service, a joint venture with Urban Mobility, is designed reduce traffic congestion and promote smarter, greener parking systems. Full story

Tower Companies First to Earn Multifamily LEED Gold EBOM under Residential Campus Program
The development is located on a 27-acre eco-progressive live-work-play community located on a mixed-use urban campus in downtown Silver Spring, Maryland, that was an infill and previously developed site.  Full story

JUNE 2012

Green Campus Partners, Citi Facility to Fund Energy Efficiency and Renewable Energy Projects

The facility will enable the implementation of potentially hundreds of millions of dollars in energy conservation and renewable power generation measures. Full story

Greenwood Energy Commits $50 Million to DOE Better Buildings Challenge

"The commitment will further strengthen Greenwood's position as a driver of distrubuted energy generation projects throughout North America," said Greenwood Energy's Interim CEO Camilio Patrignani.  Full story

New Jersey Utility Helps Hospitals Save Energy

PSE&G's program helps hospitals reduce the fiscal burden associated with making capital improvements that can reduce energy costs. It allows hospital leaders to make energy efficiency upgrades without distracting them from their core mission of providing quality healthcare.  Full story

USGBC launches California Best Buildings Challenge

The six inaugural commitment participants include Genentech, Google, Prudential Real Estate Investors, Adoble, Zynga and SAP.  Full story

New 385-Unit Transit-Oriented Housing Community Moves Forward

Canyon-Johnson Urban Fund (CJUF) has made a $25.7 million equity investment in a joint venture with an affiliate of GLJ Partners for the acquisition and development of a fully entitled 15.4 acre infill site in Montclair, Calfifornia.  Full story

Build-to-Suit to Meet Dallas Green Building Program Standards
Prologis, Inc., a leading global owner, operator and developer of industrial real estate, has signed a build-to-suit agreement for 398,000 square feet with Prime Distribution Services in Dallas, Texas.  Full story

Green Button: 15 Million Households to Have Tools to Cut Their Energy Bills
Nine major utilities and electricity suppliers will commit to providing more than 15 million households access to data about their own energy use with a simple click of an online “Green Button."  Full story

Marriott, OPIC Partner to Develop Sustainable Hotels in Emerging Markets
The partnership will support new environmentally sustainable hotel development in growth markets in the Middle East, Africa, Latin America and the Caribbean.  Full story

Particiation in Florida PACE Program by City of Delray Beach to Benefit Property Owners

The new PACE program will serve as the sustainability incentive within the newly implmented Delray Economic Development Fund. Full story

MAY 2012
Global Consortium of Institutional Investors Integrate ESG Factors Into Real Estate Investments 
The Global Real Estate Sustainability Benchmark intends to make reporting on economic, environmental and social performance in global real estate standard practice. Full story
Essess Closes $6M Series A Round from Vocap Venture and DFJ Athena
The company’s high-resolution thermal imaging technology allows for the capture, identification and quantification of energy loss profiles for millions of buildings per month. Full story

Helen Gurfel Named Executive Director of ULI-Greenprint Center for Building Performance
Gurfel, a veteran of GE Capital Real Estate’s global sustainability group, will manage the real estate industry-led initiative to measure individual building and portfolio performance for energy consumption, carbon emissions and other environmental factors. Full story

Green Globes Rating System Better Aligned Than LEED with Federal Building Sustainability Requirements, Says GSA

The GSA study evaluated and compared 180 third‐party green building certification systems for new construction, taking into account criteria outlined in the Guiding Principles for Federal Leadership in High Performance and Sustainable Buildings. Full story

ABB Completes Acquisition of Thomas & Betts

The acquisition will expand the firm’s reach with 6,000 distributor locations and wholesalers, and provide greater access to ABB low voltage products. Full story

Appraisal Institute Issues Guidance on Green Real Estate Valuation

Billing analysis, identification of equipment and components, and examination of results from engineering simulations are among the methods appraisers should use to assess energy cost and energy performance in buildings, according to a guide issued in May. Full story

HonestBuildings.com Aims to Create a Hub of Transparency in the Commercial Market that Accelerates Sustainability

The startup has released information for over 250,000 commercial and mixed-use buildings in New York City, representing more than 4 billion square feet, as it focuses on the real estate capital of the country to roll out its beta platform. Full story

Cornerstone Realty Advisors Enlists Lime Energy to Bring Clean Energy Savings to Property Portfolio

The firms signed a master service agreement to bring comprehensive energy efficiency lighting solutions to Cornerstone's portfolio of office, hotel, industrial, retail and residential assets across the U.S.  Full story

Golder Associates Ltd. to Anchor bcIMC's New Leed Gold Office Building at Broadway Tech Centre, Vancouver
Construction of the new 196,000 sq. ft. four-story office building, the eighth building at Broadway Tech Centre at 2920 Virtual Way, is scheduled to start later this month. Full story
APRIL 2012

ICC’s New Code Baseline Complements LEED

The 2012 code will increase energy efficiency of structures while providing governments direction and oversight of green design and construction.  Full story
Tarlton Properties Completes Twelve-Office Building Energy Retrofit
The 500,000-square-foot retrofit in Menlo Park, CA used a lighting control system from Enlighted. Other participants included Pacific Gas and Electric Company, EnerNOC, Global Energy Partners and Progressive Lighting & Energy Solutions.  Full story

SCIenergy Completes Acquisition of Transcend Equity

The acquisition of the energy efficiency finance firm will leave intact pre-existing capital commitments to Transcend Equity by Mitsui & Co. Full story

JCI Energy Efficiency Initiative in Milwaukee Expected to Improve Property Values

The Me2 Clean Energy Financing Program leverages funds received from the American Recovery and Reinvestment Act to provide up to $60 million of enhanced private sector financing for building owners.  Full story

Vigilent Closes $6.7 Million Investment Led by Accel Partners
The company, a provider of energy management systems for data centers, telcom facilities and larger buildings, will use the investment to expand its portfolio of energy management products, move into new geographic regions and expand staffing.  Full story

Changes Related to Data Centers Proposed to ASHRAE/IES Energy Standard
Recognizing the limits to energy efficiency of building equipment alone, the changes recognize the role that system efficiencies can play in reducing energy consumption.  Full story

L.A. Property Developer Extends Energy Services Contact with Veolia Energy

The deal reinforces Veolia’s commitment to provide clean and more efficient energy sources to property owners in downtown Los Angeles and Century City.  Full story

IKEA is Unveiling A New More Energy Efficient Store in Canada

The Richmond, British Columbia store is the first of a new wave of stores designed to be 40% more efficient. It includes a geothermal installation, rainforest harvesting, and solar power. Full story

NTS Begins ZigBee Building Automation Certification Testing Services for Commercial Market

The certification testing may increase potential adoption of the wireless mesh network standard for commercial buildings.  Full story
MARCH 2012
AXA Roll Out Green Leases in Germany
The commitment follows the French firm’s successful implementation of the innovative lease format in its home country. Full story
Jonathan Rose Companies, Citi Launch Green Cities Fund
The $75 million fund will make investments in multifamily affordable housing in the Eastern U.S.
Real I.S. Gruppe Launches Green Office Fund
The real estate investment arm of Bayern LB, is looking to raise $400 million in equity capital to invest in European office buildings that are green-certified or suitable candidates for retroactive certification.
FirstFuel Software Raises $10 Million in Series A Financing

The financing round, led by Rockport Capital, will support expansion of the commercial building energy analytics company, which claims to have the capability to benchmark energy consumption without the need for onsite audits. Full story

Performance Contracts Drive Double-Digit Growth in Energy Management Services Market
Drivers of the growth include the economic crash, the widespread implementation of regulations for energy efficiency, and an increase in financial incentives.  Full story

Siemens Acquires Energy Services Provider Pace Global

Acquisition of the U.S.-based company will substantially expand Siemens’s portfolio of sustainability and energy management services for companies and cities. Full story
Green Offices Become Standard as Absorption Triples in Germany
Savills latest green office bulletin reports that both leasing and investment market demand for green office space has risen significantly in the last couple of years. Full story

New Guidelines to Build Transparency in the Construction and Real Estate Sector

The Global Reporting Initiative has included contaminated land and sub-contracted labor practices in its latest sector guidance. Full story

Zipcar Unveils Metropolis Index to Measure and Rank Sustainable Cities

The Index’s first foray in the market measured the 36 largest U.S. cities by population and ranked them according to sustainability, vibrancy, efficiency and livability. San Francisco topped the list for 2012. Full story

Greenprint, ULI Join Forces to Reduce Carbon Emissions and Improve Building Performance
The Greenprint Foundation’s activities and assets will be rolled into the newly formed ULI Greenprint Center for Building Performance.  Full story

Forum Eyes Advancing Data Center Resource Efficiency
The Green Grid Forum will showcase emerging tools, metrics, best practices and case studies that enable stakeholders to improve efficiency without sacrificing performance.  Full story

BASF Venture Capital Invests $5M in Solidia Technologies

The investment in Solidia Technologies, a company focused on the next generation of sustainable buildings and construction materials, is part of a $27M financing round that included Kleiner Perkins, BP Ventures and Bright Capital.  Full story

New Frontier: Zero-energy Buildings

A new report on zero-energy buildings from sees solid growth for the small, yet potentially large market for buildings that produce as much energy as they consume.  Full story

CA’s Santa Clara Valley Installs Solar Power Systems at its Three Bus Yards
The Valley transportation authority (VTA), in partnership with SunPower Corp, Joint Venture Silicon Valley and Wells Fargo, installed solar canopy parking systems using a power purchase agreement that will save the authority $2.7M over 20 years. Full story

New IFMA Guide Details How to Implement Sustainable Practices at Facilities
The publication offers a comprehensive, practical approach to making sustainability improvements to public- and private-sector properties based on federal government guidelines.  Full story

U.S. Venture Capital Investment in Cleantech Steady at $4.8B Despite Tough Economy
The energy and electricity generation segment led investments with the solar sub-segment receiving the lion’s share of capital in Q4 with $285M or 91% of the segment’s total investment.  Full story

XL’s Environmental Team Unveils Enhanced Real Estate Portfolio Protection

The coverage, which addresses pollution, is aimed at property owners, managers, developers and REITs across all the major asset classes.  Full story

Lighting Science Group Becomes N. America’s Largest Producer of LED Light Bulbs
The firm produced 4.5 million light bulbs in 2011, an increase of 450% compared to 2010 numbers. Full story

SL Green Advances Sustainability of Its Manhattan Portfolio

Seven buildings in the investors NYC Portfolio received the EPA’s Energy Star Label bringing the firm’s total number of Energy Star buildings to fifteen.  Full story

Commercial Building Retrofit Market Seen as Key to Green Growth

The report from the World Economics Forum recommends government-mandated, energy consumption reporting and efficiency rating system for buildings. Full story

Transcend Equity and New York City Energy Efficiency Corporation Close Transaction to Fund Energy Efficiency Retrofit

The retrofit project uses an innovative structure for funding energy efficiency in which project costs are repaid only through energy cost savings generated by the retrofits. Full story

Forest City, Jones Lang LaSalle Participate in Better Buildings Challenge
Both companies have affirmed their commitments to reduce energy consumption across their portfolios. Full story

Siemens Acquires Pace Global Energy Services

The acquisition is seen as a strategic commitment by Siemens to enhance enterprise value for its global clients by optimizing energy and resource efficiency. Full story

Redwood Systems Selected to Design Campus of the Future Prototype
The EdCampus prototype is intended to set the standard for education institutions in the areas of energy efficiency and building performance. Full story

Horne Engineering and Eris Technologies to Provide Energy Efficiency Services to NRF Healthcare Facilities
The initial assignment requires completion of studies for four of a total of 80 independent and assisted living facilities. Full story

Kimberly Clark Installs Major Rooftop Solar System at CA Distribution Center
One of the largest single rooftop solar power installations in the country, the 4.9 megawatt installation covers 350,000 square feet of roof space. Full story

People in the News

Schaefer in Development Role at Clean Urban Energy, Smith to Bolster Environmental Practice at Crowell Moring, PaceNow Announces Initial Advisory Board, USGBC Names New Board. Full story

Global Market for Energy Efficient Buildings to Supass $100B by 2017

The ESCO market represents the largest segment of the enery efficiency buildings industry with revenues expect to more than double from $30.1B this year to $66B worldwide in 2017. Full story
Energy Analytics Segment Shoots to Top of Smart Building Technology Market
The software in this segment provides sophisticated dashboards that meet the demand for data visualiziation to display the relevant and often dispate data for each stakeholder in the smart building management effort. Full story

Obama and Clinton Recognize Real Estate Roundable Members’ Participation in Better Building Challenge

RER hopes to continue work with both the Administration and Congress on policy changes needed to increase the number of energy retrofits. Full story

Investments Target TOD and Environmental Sustainability

Community Capital Management’s CRA Qualified Investment Fund has bought a portion of the city of Portland, Oregon Interstate Corridoor Urban Renewal and Redevelopment Bonds. Full story

COPT Selects Mach Energy as Energy Efficiency Platform

The office REIT will use Mach's management tool, which combines data collection and analytics, to drive and measure energy savings.
Full story

Forest City Will Lead TOD Project in Atlanta

The CRE owner/developer is partnering with Cousins Properties Incorporated and The Integral Group to master plan a 119-acre site, which will become a new multi-modal transportation hub downtown.
Full story

Black Named SL Green’s Director of Sustainability, Halter Joins SCIenergy Board and Building IQ Hires Builds New Executive Team.
Full story

JLL Launches First Global Cloud-based Portfolio Management Solution

The platform leverages technology from Pacific Controls to enable real-time monitoring and control to deliver energy reduction solutions to CRE portfolios worldwide.
Full story


Strong Growth Seen in Property Investments Weighting ESG Criteria
Environmental criteria were also predominant among alternatives such as private equity and venture funds, with $68.9 billion of total assets incorporating an environmental theme. Full story

JLL Highlights Trends in Corporate Energy and Carbon Reporting
The emergence of international guidelines on sustainability reporting for real estate companies is one of several key global trends in corporate and responsibility reporting.  Full story

Shorenstein Sees $1.7 Million in Energy Savings Across Real Estate Portfolio
The energy saving strategies achieved a payback period of just six months and reduced the 33-building portfolio’s energy bill by 5%. Full story

Serious Energy Acquires Agilewaves

The acquisition will expand Serious Energy’s customer base for users of building energy management technology. Full story

Solaire Generation to Provide Solar Carport for GE/Innovateus Partnership

Under the partnership, Inovateus Solar, a national solar power distributor and integrator, will be the original equipment manufacturer for integrated solar carport charging stations using GE EV chargers, solar balance of system components, and electrical distribution equipment. Full story

Lighting Science Group Surpasses $100M in LED Lighting Orders
The milestone represents more than a 100% increase from 2009. The company expects exponential growth over the next couple of years. Full story

PaceNow Names Board of Advisors

In a sign that the property assesses clean energy movement still has legs after suffering setbacks at the federal level, the non-proift has selected a board of advisors that includes Beau Engman VP Commercial Energy Solutions, Johnson Controls and Jigar Shah CEO of Richard Branson’s Carbon War room. Full story

NASA Deploys Wireless Pneumatic Thermostat to Save Energy, Reduce Costs

The device was installed in fourteen buildings in 3 months and is expected to pay back its $850,000 upfront cost in 18 months. A retrofit with traditional direct digital control technology would have taken more than a year and cost over $4 million.  Full story

GRI Issues New Guidelines to Build Transparency in the Real Estate Sector

The Global Reporting Initiative willl help developers, investors and contractors by assisting the measuring, reporting and monitoring of construction activities.  Full story

Income Fund to Help Colleges Increase Energy Efficiency

The green fund is designed to begin providing returns within 12 months, unlike other ventures of this kind that typically have longer investment periods, delayed returns and longer overall payback timeframes.  Full story

Greener Capital Completes First Close of Venture Fund

The firm invests in clean technology companies that touch the built environment.  Full story

Caribbean Hotels to Become More Energy Efficient with IDB Grant

The Inter-American Development Bank approved a $2 million grant to finance energy audits for hotels in participating counties that want to cut operation costs through greater energy efficiency.  Full story

Deutsche Bank Partners with City of New York on Energy Efficiency Initiatives

The bank made a commitment to the New York City Energy Efficiency Corporation, a multi-stakeholder partnership of real estate interests formed earlier this year to find ways to reduce carbon emissions through private-sector energy-efficiency investments.  Full story

GE Leads $22M Investment in Project Frog

The funding round will help the maker of energy-efficient building systems to expand its sales pipeline and execute on orders.  Full story

First Automated DR Project Unveiled for Commercial, Industrial Facilities in Europe
The pilot project of Scottish and Southern Energy (SSE) will utilize Honeywell technology in an effort to reduce or shift energy use when overall demand spikes.  Full story

Johnson Controls Aims to Overcome Cost, Skill-Set Barriers to Building Efficiency

A new approach to building efficiency called Panoptix makes it easier and more affordable for owners and operators of any size facility to achieve better building performance. Full story

Poll Reveals Majority Supports Federal Investment in Green Schools

Three out of four Americans support federal investment in school building improvements, focused on creating healthier learning environments, saving tax dollars or lowering carbon emissions.  Full story
Simon Property Is Sole Real Estate Firm on Carbon Disclosure Leadership Index
The large retail developer and owner earned a score of 96 out of 100, giving it the tenth best score among the 500 reporting companies, which averaged a score of 69.  Full story



Clean Fund Completes First Private Commerical PACE Financing
Codding Enterprises has received $1.6 million in funding from Clean Fund to pay for a solar electric system allowing the developer’s 200-acre LEED-Platinum community to cover 100% of its electric needs from onsite renewable power. Full story

U.S. Real Estate Firms Show Strong Ranking on Environmental Performance

Leading real estate companies reduced their annual energy consumption by nearly 3 percent in 2010 and are taking steps to integrate environmental management into their daily operations, according to a prominent foundation. Full story

Saint-Gobain Gets New U.S. Chief, ARXX Adds Bench Strength To Sales Team, Pitcher Joins Serious Energy
The three firms are positioning resources to capitalize on growing interest in sustainability in the built environment. Full story

EBL&S Eyes Equity Financing for Mixed-use Transit-Oriented Development
The 12-acre San Mateo, CA infill development, which is fully entitled and includes about 600 units of multifamily and 60,000 square feet of office, expects to line up financing by the end of the year. Full story
Jones Lang LaSalle to Advise Financial Services Firm KeyCorp
The real estate advisor will develop and implement an enterprise-wide sustainability program, including property-focused strategies such as energy management, carbon footprint measurement and reduction, and sustainable workplace initiatives. Full story

Canada’s Oxford Properties Joins GRESB Foundation
Joining the foundation, which analyzes the environmental performance of 340 of the world’s largest real estate companies and funds, the real estate firm hopes to identify opportunities to improve and measure sustainability performance across its $16 billion global real estate portfolio. Full story
States Empowering New, Innovative Green Building Policy
From energy efficiency finance and investments in high-performance schools, to incentives for green manufacturing facilities and minimum codes, states are taking action to transform the market, despite a struggling economy, according to a new report released by the USGBC. Full story

Kema Selects Green Energy Corp for Smart Grid Interoperability Lab
The advanced test facility will validate compliance of low-voltage automation devices, meters, and consumer products with evolving smart grid standards. Full story





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For subscription, advertising information and charter subscriber discounts, please call 818-665-6180 or email us at info@greenrealestatenews.com


© 2007-2016 Green Real Estate News. An information service of Green Real Estate Media, LLC 




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