By Nick Gilbert
The renewable energy division of the Libra Group, Greenwood Energy has signed a $50 million commitment with the U.S. Department of Energy to be a part of their ‘Better Buildings Challenge’, which integrates retailers, large-scale property owners, and universities with financial partners to start energy efficiency projects.
The Better Buildings Challenge raises awareness and seeks involvement from university presidents, business leaders, and government ministers to commit towards ensuring energy efficiency in buildings around the country. The U.S. Department of Energy provides the necessary support in the form of ready-to-use energy efficiency models, technical aid and public acknowledgement for fulfilling the commitment of energy and cost savings.
Camilo Patrignani, Greenwood Energy's Interim CEO, said that being a part of the Challenge will reinforce the company’s position as a promoter of distributed energy generation projects in North America. The $50 million commitment only adds to the company’s consistent focus on assisting large property owners to maximize on the benefits of projects that ensure cost savings, energy independence and reduction of their carbon footprint, he added.
Some of Greenwood Energy’s initiatives include:
- Greenwood Energy handled a clean energy generation project for the Millennium Hilton Hotel, NY city to install the first heat and power combined unit this March.
- Greenwood Energy signed a power contract with Central Connecticut State University in New Britain, Connecticut after it purchased an efficient 1.4 MW Direct FuelCell power unit from FuelCell Energy, in October last year.