Energy Reduction Plan
Size: 700,000 Sq. ft.
Market Segment: Hospitality
500 Room boutique hotel (former Casino) on the Boardwalk in Atlantic City - RES installed a demand based ventilation to convert 13 larger air handing units formally sized for a casino with CO2 sensors and variable frequency drives to greatly reduce capacity based on occupancy. RES installed new domestic water booster pumps with variable frequency drives to deliver water up the tower only when needed.
A complete LED lighting retrofit throughout the property including common areas, bars, restaurants, guest rooms and back of the house areas was performed.
Occupancy based guest room thermostats with scheduling capability using a cloud based technology assures heating and cooling is only on when needed. The intelligent controls provide significant cost savings without sacrificing guest comfort.
RES recently completed Phase 2 of the energy upgrade installing 55 aluminum salt water protected modulating dampers in the larger air handling units to introduce free cooling to the hotel greatly reduce monthly energy costs. Recently RES was hired to upgrade all of the antiquated pneumatic controls with state-of-the-art DDC controls and Intelligent software to manage the entire building.
“Rich Energy Solutions has been a great partner to the Claridge. They have saved us significant money over the past couple of years!”
CFO Claridge Hotel
Total Contract Price:
Utility Company Rebate:
Annual Energy Savings:
Internal Rate of Return:
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Size: Over 100 Locations
Market Segment: Healthcare
AtlantiCare Regional Medical Center operates over a hundred locations including hospitals, behavioral treatment centers, urgent care, fitness and local patient treatment facilities in the greater South Jersey area. Rich Energy Solutions developed an detailed property roster of their facilities and aggregated the purchase deregulated energy for all of their facilities saving AtlantiCare over 15% on their utility costs.
Rich Energy Solutions has performed several energy retrofits over the past 10 years for Atlanticare:
Market Segment: Long Term Care
Rich Energy Solutions (RES) has completed more than 120 energy retrofit projects for Genesis Healthcare over the past seven years. Genesis Healthcare, based in Kennett Square, PA they own, manage and operate over 550 high-quality long term care facilitates across the United States. RES has provided laundry, LED lighting, wireless controls, mechanical and ventilation solutions with an internal rates of return that exceeded the company standards for all required capital expenditure projects.
No Cap Ex – Infinite Return on Investment
Today, Genesis Healthcare is reducing their utility cost and operating expense by using the energy savings to pay for the energy efficiency measures. Rich Energy Solutions introduced Constellation Energy (an Excelon company – Fortune 125 company) to implement the Efficiency Made Easy (EME) program, where the cost of the energy upgrade measures are included in the already budgeted monthly energy bill. This program gave Genesis the ability to upgrade several facilities at the same time with cap ex expenses.
Completed Project Value: $6,954,060
Rebates and Incentives: $1,798,620
Internal Rate of Return: 35%
Simple Pay Back: 2.7 yrs.
10 Year Positive Cash Flow $13,724,00
Project Values: $870,539
Rebates and Incentives: $195,080
Internal Rate of Return: Infinite
Annual Energy Savings $184,770
10 Year Positive Cash Flow $2,748,850
Energy Efficiency Retrofit
Size: 620,000 Sq. ft.
Market Segment: Casino/ Entertainment
Casino consisting of a 350 room hotel tower,100,000 square feet of gaming floor, several restaurants, meeting and convention space.The property is owned by Penn National Gaming from Wyomissing, PA. Rich Energy Solutions (RES) implemented Phase 1 of the energy efficiency retrofit in November of 2014.The project included demand based ventilation controls for the 6 large – 100 ton AAON energy recovery units serving the casino floor, a Del Ozone laundry solution to greatly reduce the hot water for the on-premise laundry and a showcase of more than 15,000 Philips LED lights. RES is currently implementing Phase 2 of the project with a completion of January of 2016 for $563,000.
Penn National Gaming - Backlog
RES has completed more than 20 casino energy retrofit projects for Penn National Gaming over the past 3 years. Based on current projects underway, the 10 year cash flow will exceed 30 million dollars. Cap Ex approvals have new projects scheduled through 2017.
Total Contract Price: $637,620
Utility Company Rebate: : $234,000
Annual Energy Savings: $292,440
Internal Rate of Return: 72%
Investment Recapture Period: 1.4 years
10 Year Positive Cash Flow: $2,514,984
Total Completed Contracts: $8,192,816
Rebates and Incentives: $1,369,515
Annual Energy Savings: $3,100,250
Internal Rate of Return: 45%
Investment Recapture Period: 2.2 years
10 Year Positive Cash Flow: $24,133,387
NJ Pay for Performance (P4P) Clean Energy rebate program
Size: 140,000 Sq. ft.
Market Segment: Multi-Family
22 Story condominium complex located on Route 70 and I-295 in Cherry Hill, NJ – The project qualified for the New Jersey Pay for Performance (P4P) Clean Energy rebate program.
Rich Energy Solutions hired a third party engineer to develop a detailed Energy Reduction Plan (ERP) that would capture the largest bonus incentive ever awarded to a client for a multi-family complex in New Jersey. The rebate received and paid to Mark 70 was 48% of the contract price. The building has enjoyed huge energy savings over the past couple of years and recently did not need to create an assessment for necessary building upgrades due to a surplus in the operating budget from energy savings.
The building is now outfitted with two 2,000,000 BTU Camus condensing boilers for heating and two 2,000,000 BTU Camus condensing water heaters for domestic hot water. These units are over 95% efficient and modulate down to 400,000 BTU when demand is low. The domestic hot water storage has been reduced by over 50% because these units provide nearly instantaneous hot water when needed. A York state-of-the-art 400 ton chiller and BAC cooling tower with VFD’s were installed for air conditioning. A common area and BOH LED lighting retrofit was performed and new high efficiency rooftop HVAC units were installed for the resident hallways.
Total Contract Price: $534,000
NJ Clean Energy Rebate: $255,306
Annual Energy Savings: $82,869
Internal Rate of Return: 30%
Investment Recapture Period: 3.4 years
10 Year Positive Cash Flow: $546,935
Energy Reduction Plan
Size: 250,000 Sq. ft.
Market Segment: Office/ Commercial
25 Story Office Building built in 1985 located in downtown Philadelphia across from city hall – The project consisted of introducing free-cooling to an existing fresh air chase to greatly reduce mechanical cooling costs in the winter. The building has a perimeter heating system with very little automated control which overheated tenant spaces. Rich Energy Solutions installed 6 large 6’x 8’ louvers in the fresh air chase to greatly reduce the electrical consumption in the winter time. Installed two new modular Camus 2,000,000 BTU condensing boilers to modulate the boiler water based on outside air temperature to reduce overheating. New premium efficiency motors for the condenser and hot water heating pumps with variable frequency drives will provide capacity based on demand.
A complete LED Lighting retrofit of the building was performed utilizing more than 5000 the new Philips InstantFit LED T8 lamps. Significantly reducing energy costs while greatly improving the quality of light and comfort of the tenants. Retro-commissioning of the building HVAC systems integrated the two existing Building Management Systems with a Tridium overlay into one new graphic user interface allowing for easy scheduling, setbacks and the collection of trend data.
Total Contract Price: $622,610
Utility Company Rebate: $132,800
Annual Energy Savings: $208,000
Internal Rate of Return: 42%
Investment Recapture Period: 2.4 years
10 Year Positive Cash Flow: $1,590,200