A national coalition of UtilityAPI, Allectrify, and Sustainable Real Estate Solutions (SRS) and four nonprofit green banks, launched the Building Decarbonization In-A-Box (BDAB) program to rapidly scale up clean-energy tech across millions of small commercial and multifamily buildings.
To implement the BDAB, participating cities and counties will harness building permits, energy benchmarking and customer utility data to identify buildings that can benefit from the program and provide building owners with no-cost technical and financial assistance via proven software solutions from SRS, UtilityAPI, and Allectrify.
Six cities – Atlanta, Georgia; Fort Collins, Colorado; Milwaukee, Wisconsin; Philadelphia, Pennsylvania; Reno, Nevada; and San Antonio, Texas – and three counties – Los Angeles County, California; St. Louis County, Missouri; and Montgomery County, Maryland – will be the first to take advantage of the local government-driven BDAB program.
Buildings account for 40% of greenhouse-gas emissions globally and as much as 70% of the total emissions in cities. Existing decarbonization programs tend to overlook small commercial and multifamily buildings. These buildings are less than 50,000 square feet in size, account for 94% of U.S. commercial building stock, consume 44% of the overall energy used in buildings, and are often located in underserved communities.
Recommended Reading
Kissler: OPEC+ Likely to Buoy Crude Prices—At Least Somewhat
2024-03-18 - By keeping its voluntary production cuts, OPEC+ is sending a clear signal that oil prices need to be sustainable for both producers and consumers.
Canadian Natural Resources Boosting Production in Oil Sands
2024-03-04 - Canadian Natural Resources will increase its quarterly dividend following record production volumes in the quarter.
CorEnergy Infrastructure to Reorganize in Pre-packaged Bankruptcy
2024-02-26 - CorEnergy, coming off a January sale of its MoGas and Omega pipeline and gathering systems, filed for bankruptcy protect after reaching an agreement with most of its debtors.
Utility, Clean Energy Company Allete to Go Private in $6.2B Deal
2024-05-06 - The Minnesota-based utility said on May 6 it agreed to be acquired by a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners.
U.S. Shale-catters to IPO Australian Shale Explorer on NYSE
2024-05-04 - Tamboran Resources Corp. is majority owned by Permian wildcatter Bryan Sheffield and chaired by Haynesville and Eagle Ford discovery co-leader Dick Stoneburner.