Mycor delivers over $100k in yearly savings to NYC property owner

Partners
Jack Resnick & Sons, NYSERDA
Building Type
Commercial
Location
New York City
Square Footage
563,391

Real-time data through the user friendly interface is the biggest benefit.

Project Outcomes

  • 480,000 kWh & over $100,000 saved annually

  • Through NYSERDA’s Real Time Energy Management program, Resnick & Sons received over $7,000 in incentives

  • Ability to immediately detect equipment malfunction to alleviate energy loss and costly emergency repair or replacement

  • Aided in Resnick & Sons’ continued investment in energy efficient projects such as lighting retrofits, upgrading building management systems and installing green roofs across its extensive building portfolio

Background

Jack Resnick & Sons, one of the largest private owners of residential and commercial office properties in New York City with more than 600 million square feet of building space, was interested in smart energy management to identify energy cost saving opportunities for improved building operations.

Solution

Resnick & Sons partnered with David Energy, a new kind of electricity provider who provides real estate portfolio managers and owners with one unified software platform to give customers transparency, simplicity and control over their energy bills.

A New York State Energy Research and Development Authority (NYSERDA) approved Real Time Energy Management (RTEM) program vendor, David Energy delivered its comprehensive energy operating system, Mycor, to Resnick & Sons’ 563,391 square-foot building. Through Mycor, David Energy helped Resnick & Sons monitor this building’s daily operations to deliver actionable recommendations and optimum setpoints to enable building engineers to develop better management practices.

The Energy Operating System That Does It All

Mycor is an easy-to-use, intelligent software platform that uses machine learning to coordinate Distributed Energy Resources (DERs) with local power markets to continually optimize a building’s supply contracts and overall energy system. It ensures efficient energy consumption, low-risk energy procurement and local law and demand response program compliance.

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