NYSERDA Funding Helps Regeneron Save Nearly $500,000 in Annual Energy Costs
January 03, 2013
The New York State Energy Research and Development Authority (NYSERDA) announced today that it has provided $765,000 to Regeneron Pharmaceuticals to support energy efficiency projects at Regeneron at the Landmark. As a result of projects at 735, 745 and 755 Old Saw River Road in Tarrytown, N.Y., Regeneron is expected to save nearly $500,000 in annual energy costs.
NYSERDA provided technical assistance to evaluate electric energy efficiency opportunities for the new buildings under its New Construction Program. NYSERDA’s $765,000 incentive leveraged the private investment needed to implement energy efficiency measures such as demand control ventilation, occupancy sensors and high efficiency rooftop units. The improvements will help Regeneron reduce its energy consumption, decrease demands on the power distribution system and increase occupant comfort.
Buildings 735 & 745 Old Saw River Road are expected to perform 20 percent above the New York State energy code requirements and at 755 Old Saw River Road 15 percent above code. For the three addresses, the energy savings – upwards of 1.2 million kilowatt hours – is equivalent to the amount of electricity consumed by approximately 180 single-family homes annually.
“Our commitment to sustainability provides the framework for the decisions we make around any of our new building projects,” said Regeneron Vice President Joanne Deyo. “Our success working with NYSERDA is measured not only by our ability to drive the efficiencies that support innovation across the company, but also by a number of other quantifiable corporate social responsibility metrics like decreased energy consumption, increased cost savings, improved employee safety, health and job satisfaction.”
“Regeneron’s commitment to energy savings helps position the company for a sustainable future while enabling it to cut costs,” said Francis J. Murray Jr., President and CEO, NYSERDA. “The State’s investment in energy efficiency highlights one way Governor Cuomo is making sure that New York supports business efforts to cut costs and improve environmental stewardship.”
The 735/745 Old Saw River Road project consisted of two commercial buildings, each with three stories, a basement and penthouse totaling approximately 229,643 square feet, and including office and conference room, laboratory and support space.
At 755 Old Saw River Road is a new 130,877-square-foot building, including offices, laboratories and space for mechanical and electrical equipment.
NYSERDA’s New Construction Program (NCP) provides technical support to design teams and financial incentives to building owners involved in the construction of new or substantially renovated structures in New York State. NCP is a first-come, first-served program available to commercial, institutional and industrial sector customers of certain utilities. NCP incentives are paid out upon project completion. The intent of the program is not only to improve energy efficiency and green building practices, but to effect a permanent transformation in the way buildings are designed and constructed throughout the state.
For more information, visit http://nyserda.ny.gov.
NYSERDA, a public benefit corporation, offers objective information and analysis, innovative programs, technical expertise, and funding to help New Yorkers increase energy efficiency, save money, use renewable energy, and reduce their reliance on fossil fuels. NYSERDA professionals work to protect our environment and create clean-energy jobs. NYSERDA has been developing partnerships to advance innovative energy solutions in New York since 1975.
Last Updated: 12/17/2013