Bright Power Celebrates Two Decades of Driving Decarbonization Efforts in the Built Environment
Bright Power's Impact on a Sustainable Future
For two decades, Bright Power has been at the forefront of promoting a low-carbon agenda in the built environment. Their unwavering mission has been to empower building owners and developers to achieve a zero-carbon future through comprehensive energy and carbon reduction solutions. Recently, Bright Power proudly announced that it has successfully reduced an impressive 667 million pounds of CO2, translating to the removal of 71,000 cars from the road or the planting of five million trees. This remarkable achievement underscores the company's commitment to decarbonization.
Transforming the Built Environment
Bright Power's initiatives extend to optimizing building performance across over 2.9 billion square feet of real estate, which accounts for more than 10% of U.S. apartments. They offer extensive data-driven consulting services, helping property owners identify energy savings and channel resources effectively. Their transformative work has included conducting energy audits in over 2,500 properties, strategizing on capital planning, and implementing cost-effective energy improvements.
One notable accomplishment is the collective $285 million saved by building owners in utility costs, showcasing the financial viability of sustainability. Additionally, Bright Power has supported 559 projects in achieving green building certifications including EGC, LEED, Energy Star, and Passive House, ensuring developers can meet rigorous sustainability standards.
Future Focus: Compliance and Electrification
As the company looks to the future, it aims to pioneer efforts to help buildings in New York City comply with Local Law 97. This critical regulation mandates a 40% reduction in emissions by 2030 and aims for net-zero by 2050, requiring approximately 50,000 buildings to adhere to its standards. With the first reporting deadline approaching in 2025, building owners must act swiftly to meet these compliance requirements, a need that Bright Power is prepared to address by providing energy audits, emissions reporting, and consultancy.
Additionally, with an increasing shift towards electrification in buildings, Bright Power is dedicated to offering the necessary expertise to help real estate owners and developers adopt sustainable solutions that promise real long-term returns on investment. By collaborating with architects and developers, Bright Power ensures that new constructions adhere to high performance standards while being energy-efficient and comfortable.
Long-term Vision
Bright Power's vision extends beyond immediate emissions reductions; they aspire to contribute to a robust, healthy community infrastructure. CEO Andrea Mancino emphasizes the holistic approach of producing resilient buildings—not just for cutting carbon emissions, but for fostering strong communities and ensuring long-lasting financial stability. Their work is directed towards mitigating risks associated with climate change and extreme weather events.
Looking ahead, Bright Power plans to drive a 900 million pounds reduction in CO2 emissions over the next 30 years, equivalent to the annual energy consumption of 54,824 homes. Their ongoing commitment is that equitable decarbonization becomes the norm across the multifamily housing sector, aiming for sustainability not just as an option but as a standard.
About Bright Power
Founded two decades ago, Bright Power has consistently positioned itself as a premier provider of energy and water management services. Renowned for its dedication to achieving high-performance building designs and energy efficiency, Bright Power has made significant strides in delivering strategic energy solutions to owners and operators in the multifamily sector.
With nearly 2 million residential units managed across over 2 billion square feet of property, Bright Power continues to set benchmarks in sustainability, ensuring that the built environment plays an integral role in combatting climate change.
For press inquiries or further information about Bright Power, please contact:
Stephanie Driscoll
Chameleon Collective
Tel: 781-535-8489
Email: [email protected]
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