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Case Study
Graham BuildingPhiladelphia, PA
Project Overview
Total Contract Price: $622,610
Utility Company Rebate: $156,400
Annual Energy Savings: $208,000
Internal Rate of Return 45%
Investment Recapture
Period
2.2 yrs.
10 Year Positive Cash Flow $1,622400
Graham Building Project Scope
25 Story Office Building built in 1985 located in downtown Philadelphia across from city hall – Theproject consisted of introducing free-cooling to an existing fresh air chase to greatly reducemechanical cooling costs in the winter. The building has a perimeter heating system with very littleautomated control which overheated tenant spaces. Rich Energy Solutions installed 6 large 6’x 8’louvers in the fresh air chase to greatly reduce the electrical consumption in the winter time.Installed two new modular Camus 2,000,000 BTU condensing boilers to modulate the boiler waterbased on outside air temperature to reduce overheating. New premium efficiency motors for thecondenser and hot water heating pumps with variable frequency drives will provide capacity basedon demand.
A complete LED Lighting retrofit of the building was performed utilizing more than 5000 the newPhilips InstantFit LED T8 lamps. Significantly reducing energy costs while greatly improving the
quality of light and comfort of the tenants. Retro-commissioning of the building HVAC systemsintegrated the two existing Building Management Systems with a Tridium overlay into one newgraphic user interface allowing for easy scheduling, setbacks and the collection of trend data.
PHONE (609) 407-2800 RICHENERGYSOLUTIONS.COM
“We hired Rich Energy Solutions to provide aturn-key solution to our building and energyconservation needs. We reduced ourtenants’ electric cost by more than 35%,received a large rebate, we wouldrecommend Rich Energy to every building inPhiladelphia!”
-David Grasso,Owner of Grasso Holdings(Graham Building Owner)
Case Study
Argosy Casino
Riverside, MO
Argosy Casino Project Scope
Casino consisting of a 350 room hotel tower,100,000 square feet of gaming floor, severalrestaurants, meeting and convention space.The property is owned by Penn NationalGaming from Wyomissing, PA. Rich EnergySolutions (RES) implemented Phase 1 of theenergy efficiency retrofit in November of 2014.The project included demand based ventilationcontrols for the 6 large – 100 ton AAON energyrecovery units serving the casino floor, a Del
PHONE (609) 407-2800 RICHENERGYSOLUTIONS.COM
Ozone laundry solution to greatly reduce the hot water for the on-premise laundry and ashowcase of more than 15,000 Philips LED lights. RES is currently implementing Phase 2 of theproject with a completion of January of 2016 for $563,000.
Penn National Gaming - Backlog
RES has completed more than 20 casinoenergy retrofit projects for Penn NationalGaming over the past 5 years. Based oncurrent projects underway, the 10 yearcash flow will exceed 30 million dollarsthis year. Cap Ex approvals have newprojects scheduled through 2017.
Energy Efficiency Overview
Total Completed Contracts: $10,282,961
Rebates and Incentives: $1,675,086
Annual Energy Savings: $3,777,568
Internal Rate of Return 44%
Investment Recapture Period 2.3 yrs.
10 Year Positive Cash Flow $29,288,404
Project Overview
Total Contract Price: $1,165,680
Rebates and Incentives: $444,000
Annual Energy Savings: $396,490
Internal Rate of Return 55%
Investment Recapture Period 1.8 yrs.
10 Year Positive Cash Flow $3,251,218
Case Study
Genesis HealthcareKennett Square, PA
Completed ECM Overview
Completed Project Value: $6,954,060
Rebates and Incentives: $1,798,620
Internal Rate of Return: 35%
Simple Pay Back: 2.7 yrs.
10 Year Positive Cash Flow $13,724,00
Genesis Healthcare Project Scope
Rich Energy Solutions (RES) has completedmore than 120 energy retrofit projects forGenesis Healthcare over the past seven years.Genesis Healthcare, based in Kennett Square,PA they own, manage and operate over 550high-quality long term care facilitates acrossthe United States. RES has provided laundry,LED lighting, wireless controls, mechanical andventilation solutions with an internal rates ofreturn that exceeded the company standardsfor all required capital expenditure projects.
PHONE (609) 407-2800 RICHENERGYSOLUTIONS.COM
Current “EME” Projects 9 Centers
Project Values: $870,539
Rebates and Incentives: $195,080
Internal Rate of Return: Infinite
Annual Energy Savings $184,770
10 Year Positive Cash Flow $2,748,850
Today, Genesis Healthcare is reducing theirutility cost and operating expense by using theenergy savings to pay for the energy efficiencymeasures. Rich Energy Solutions introducedConstellation Energy (an Excelon company –Fortune 125 company) to implement theEfficiency Made Easy (EME) program, wherethe cost of the energy upgrade measures areincluded in the already budgeted monthlyenergy bill. This program gave Genesis theability to upgrade several facilities at the sametime with cap ex expenses.
No Cap Ex – Infinite Return on Investment!
Case Study
AtlantiCareAtlantic City, NJ
AtlantiCare Regional Medical Center Project Scope
AtlantiCare Regional Medical Center operates over a hundred locations including hospitals, behavioraltreatment centers, urgent care, fitness and local patient treatment facilities in the greater South Jerseyarea. Rich Energy Solutions developed an detailed property roster of their facilities and aggregated thepurchase deregulated energy for all of their facilities saving AtlantiCare over 15% on their utility costs.
Rich Energy Solutions has performed several energy retrofits over the past 10 years for Atlanticare:
1. Kessler Hospital, Hammonton, NJ – RES working with Atlanticare management developed aconcept to separate an entire two floor patient wing with emergency room in a fully operatinghospital from the central steam boiler and chiller plant when the main campus facilities wereclosing. RES designed and installed a Hydrotherm condensing boiler plant to replace steam hotwater heat exchanger, a McQuay high efficiency chiller to displace the steam absorber chiller, newhigh efficiency gas domestic hot water and retrofitted the existing lighting in the facility.
2. Healthplex, Atlantic city, NJ – RES replaced the original packaged rooftop units with hot waterheating coils feed from an inefficient boiler plan. Engineered and installed new state of the artMcQuay packaged rooftop units and building management controls. These new units requiredintricate steel framing around the main lobby atrium and existing screen walls on the roof. Theoperating efficiency of the new equipment combined with the control upgrade reduced theoperating expense by over 20% and fixed a problem that existed for 10 years. This upgrade allowedthe antiquated boilers to be reduced in size and replaced with modular condensing boilers thefollowing year.
3. Healthpark Office Complex, Egg Harbor Township, NJ – RES conducted lighting retrofits in thecorporate offices and operation buildings. The projects received New Jersey Smart Start incentivesand the internal rate of return for these projects was 39%.
4. Currently, Rich Energy Solutions is surveying several new locations to provide a special offer fromPhilips LED Lighting. More than 50 locations will be retrofitted over the next 18 months.
PHONE (609) 407-2800 RICHENERGYSOLUTIONS.COM
Case Study
The Claridge HotelAtlantic City, NJ
The Claridge Hotel Project Scope
500 Room boutique hotel (former Casino) on the Boardwalk in Atlantic City - RES installed ademand based ventilation to convert 13 larger air handing units formally sized for a casino withCO2 sensors and variable frequency drives to greatly reduce capacity based on occupancy. RESinstalled new domestic water booster pumps with variable frequency drives to deliver water upthe tower only when needed.
PHONE (609) 407-2800 RICHENERGYSOLUTIONS.COM
Project Overview
Total Contract Price: $1,280,540
Utility Company Rebate: $365,710
Annual Energy Savings: $376,210
Internal Rate of Return 41%
Investment Recapture Period 2.4 yrs.
10 Year Positive Cash Flow $2,859,196
A complete LED lighting retrofit throughout the property including common areas, bars,restaurants, guest rooms and back of the house areas was performed.
Occupancy based guest room thermostats with scheduling capability using a cloud basedtechnology assures heating and cooling is only on when needed. The intelligent controls providesignificant cost savings without sacrificing guest comfort.
RES recently completed Phase 2 of the energy upgrade installing 55 aluminum salt waterprotected modulating dampers in the larger air handling units to introduce free cooling to thehotel greatly reduce monthly energy costs.
Recently RES was hired to upgrade all of the antiquated pneumatic controls with state-of-the-art DDC controls and Intelligent software to manage the entire building.
“Rich Energy Solutions has been a greatpartner to the Claridge. They have saved ussignificant money over the past couple ofyears!”
-Brian DeWinne,CFO Claridge Hotel
Case Study
Mark 70 CondominiumCherry Hill, NJ
Project Overview
Total Contract Price: $534,000
NJ Clean Energy Rebate: $255,306
Annual Energy Savings: $82,869
Internal Rate of Return 30%
Investment Recapture Period 3.4 yrs.
10 Year Positive Cash Flow $546,935
Mark 70 Condominium Project Scope
22 Story condominium complex located on Route 70 and I-295 in Cherry Hill, NJ – The project qualified for the New Jersey Pay for Performance (P4P) Clean Energy rebate program.
Rich Energy Solutions hired a third party engineer to develop a detailed Energy Reduction Plan(ERP) that would capture the largest bonus incentive ever awarded to a client for a multi-familycomplex in New Jersey. The rebate received and paid to Mark 70 was 48% of the contract price.The building has enjoyed huge energy savings over the past couple of years and recently did notneed to create an assessment for necessary building upgrades due to a surplus in the operatingbudget from energy savings.
PHONE (609) 407-2800 RICHENERGYSOLUTIONS.COM
The building is now outfitted with two2,000,000 BTU Camus condensing boilers forheating and two 2,000,000 BTU Camuscondensing water heaters for domestic hotwater. These units are over 95% efficientand modulate down to 400,000 BTU whendemand is low. The domestic hot waterstorage has been reduced by over 50%because these units provide nearlyinstantaneous hot water when needed. AYork state-of-the-art 400 ton chiller and BACcooling tower with VFD’s were installed forair conditioning. A common area and BOHLED lighting retrofit was performed and newhigh efficiency rooftop HVAC units wereinstalled for the resident hallways.