Investment Bank Headquarters

Fast Facts

Industry: Financial Services Industry
Location: New York, NY
Early Success: 182 Implemented Measures
Annual Savings: Approximately $1.92 Million

A major investment bank with more than 60,000 employees across six continents turned to EnerNOC’s energy intelligence software to optimize operations, reduce costs, and maximize energy efficiency for its 1.3 million square-foot headquarters located in Manhattan. Based on the success of the program, the firm has since extended the agreement to its second- and third-largest buildings in the New York area. 

The Challenge

In 2009, the company invested in a large retro-commissioning project, identifying a number of opportunities for energy savings, such as changes to its fan system and modulation schedule. Going forward, however, the company knew that the positive impacts of retro-commissioning are all but lost after five years as building use evolves, settings are re-programmed, and equipment ages. Without careful persistent attention, the energy efficiency gains could be lost and operations would drift back to pre-retro-commissioning levels, costing the company thousands in wasted energy. 

To address this concern proactively, the company deployed EnerNOC’s Energy Intelligence Software (EIS) at its headquarters. EnerNOC’s facility optimization platform—a key capability of EnerNOC’s EIS solution— continuously monitors building data, meter-level energy data, weather, and other key inputs, collecting and analyzing more than 9,000 data points in the facility daily. EnerNOC’s software analyzes this data to ensure that the building is running at maximum efficiency, that all previously implemented measures continue to run as scheduled and remain properly implemented, and automatically surfaces recommended actions for the company’s operations teams to improve comfort and reduce energy, operational, and maintenance costs. 

Early Successes

EnerNOC’s software integrated seamlessly with the company’s existing systems, resulting in quick time to value. Within the first 18 months of EIS deployment, the operations teams implemented 182 measures surfaced by the EnerNOC platform—80% of which required little to no capital investment—for a total savings of $125,000, underscoring how valuable real-time visibility and analytics are to maintaining building health, even shortly following thorough retro-commissioning projects. A few examples of implemented measures include adjusting night-time set points on the company’s busiest operating floors, optimizing the sequencing of chillers, and making heating/cooling and lighting adjustments. 

“The technical challenges were complicated by the sophistication of our IT infrastructure and regulations,” according to the company’s engineering operations director. 

“The EnerNOC team helped to make sure that the firm was meeting the demands of IT security requirements while still being able to flow the amount of information needed. EnerNOC was accommodating and patient with the process, ensuring that everyone was comfortable with how our data would flow.” 

Long-Term Strategy

Today, the company continues to work with EnerNOC to improve its energy efficiency, optimize building performance, and capture savings over time. EnerNOC’s software provides a single platform to view baseline performance, energy consumption, and granular, real-time trend data, as well as advanced reporting and dashboards. Both site-level personnel and the EnerNOC team can customize how they organize and access relevant data in order to identify new opportunities for energy and maintenance savings. 

These insights facilitate ongoing dialog between EnerNOC and the chief engineer who operates the building, helping the company to understand how they are using energy and how small operational changes can make an impact on energy consumption. 

Beyond lending technical expertise to facility engineers, EnerNOC routinely communicates with executives about the strategic direction of their company, including how possible capital investments (e.g. new chillers) and technical adjustments can drive positive business results. 

The Results

EnerNOC’s ability to deliver meaningful savings within the first six months helped the company understand the opportunity and embrace EIS as a game-changing tool for better energy management. 

“These results made us confident that there would be opportunities for additional energy savings through-out the building,” the company’s engineering operations director said. 

To date, EnerNOC’s EIS has generated over $1.92 million in cost savings while streamlining the company’s ability to communicate and coordinate energy management efforts across teams and departments. 

Automated Recommendations for Operational Efficiency

Specifically, the EnerNOC platform’s ability to automatically identify and notify the operations teams of measures to improve operational efficiency delivers significant value to the firm. By continually improving building efficiency and maximizing operations, the company is able to reduce energy use and limit maintenance issues, ensuring their investments in commissioning efforts continue to provide value. 

“The roll-up view of total kilowatts saved gives us the high-level view,” the engineering operations director says. “But we can also drill down into the details about specific areas, equipment, and possible changes. This detailed data gives us the insights we need to make informed decisions about which energy efficiency changes to pursue.” 

Clear Communication for Improved Productivity 

The ability to access in-depth energy and operational data enables the firm’s senior leadership, site-level facilities teams, and building management provider to align on an effective strategy to improve energy efficiency, better manage operating costs within budget, and reduce capital expenses by extending the average lifespan of critical equipment in the building. 

Operational staff are better equipped to prioritize and carry out projects to improve efficiency, while senior leadership can track the financial impact and return on investment in building optimization tools and commissioning equipment. 

The Future 

Based on the success of EnerNOC’s software at headquarters, the company expanded the scope of its partnership with EnerNOC by deploying EIS at two additional buildings. These sites represent the three largest properties that the company owns and occupies in the New York area. 

Looking ahead, the company is rapidly identifying additional buildings in its portfolio to implement EnerNOC’s software. Leveraging the platform, the firm has the tools and data to execute a long-term strategy for maintaining operational efficiency.