ESRT NYC Commercial Portfolio 2023 M&V March 2024
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ESRT NYC Commercial Properties 2023 Energy Savings
• Compared to the 2019 benchmark, annual energy consumption decreased by 22.4%. • Compared to the 2007/2009 benchmark, annual energy consumption decreased by 40.2%.
ESRT NYC Commercial Properties 2023 CO2e Emission Savings
• Compared to the 2019 benchmark , annual CO2e emissions decreased by 14.2%. • Compared to the 2007/2009 benchmark, annual CO2e emissions decreased by 47.1%.
High Level CO2e Emission Percent Savings Breakdown
In 2023, the ESRT NYC Commercial Properties generated 32,893 tCO2e emission per year compared to 38,336 tCO2e emissions in 2019. Overall, CO2e emissions were reduced by 14.2% compared to 2019 baseline through the following impacts: • Weather adjustments accounted for a 4.7% reduction in CO2e emissions . • Building emissions were negatively impacted by 10.3% through the worsening CLCPA projected annual electrical grid coefficients. • The building achieved a 19.9% reduction in CO2e emissions through implementation of energy efficiency and changing building operations.
ESRT NYC Commercial Properties 2023 Performance and Projections
As of 2023, the NYC Commercial Properties have reduced CO2e emissions by 14.2% compared 2019 baseline and 47.1% compared to 2007/2009 baseline. Utilizing 2023 operations and expected ESRT2.0 projects, the NYC commercial portfolio is expected to meet its LL97 2030 Limit, LL97 2035 Limit, and 80x35 Target.
2009 Emissions – The 2009 building CO2e emissions utilizing 2009 utility rates and 2009 eGRID emission factors. BAU (Static Grid) – The 2019-present building CO2e emissions without ESRT2.0 project integration. Future years utilize a constant, 2023 electrical grid coefficient projection. Actual Emissions (CLCPA) – Actual building emissions from 2019-present. Projected Emissions (CLCPA) – Future CO2e emission projections based on the planned ESRT2.0 projects. Future years utilize CLCPA projections for electrical grid coefficients.
LL97 2030 Limit – The LL97 building CO2e emission limit required to be met by 2030 to avoid fines. LL97 2035 Limit – The LL97 building CO2e emission limit required to be met by 2035 to avoid fines. 80x30 Target – The building CO2e emission target to achieve an 80% CO2e emission reduction from the 2007 baseline.
ESRT NYC Commercial + Multifamily Portfolio 2023 M&V
March 2024
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ESRT NYC Commercial + MF Properties 2023 Energy Savings
• Compared to the 2019 benchmark, annual energy consumption decreased by 21.4%. • Compared to the 2007 benchmark, annual energy consumption decreased by 32.7%.
ESRT NYC Commercial + MF Properties 2023 CO2e Emission Savings
• Compared to the 2019 benchmark , annual CO2e emissions decreased by 14.2%. • Compared to the 2007 benchmark, annual CO2e emissions decreased by 41.4%.
High Level CO2e Emission Percent Savings Breakdown
In 2023, the ESRT NYC Properties generated 36,460 tCO2e emission per year compared to 42,510 tCO2e emissions in 2019. Overall, CO2e emissions were reduced by 14.2% compared to 2019 baseline through the following impacts: • Weather adjustments accounted for a 5.3% reduction in CO2e emissions . • Building emissions were negatively impacted by 9.9% through the worsening CLCPA projected annual electrical grid coefficients. • The building achieved a 18.8% reduction in CO2e emissions through implementation of energy efficiency and changing building operations.
ESRT NYC Properties 2023 Performance and Projections
As of 2023, the ESRT NYC Properties have reduced CO2e emissions by 14.2% compared 2019 baseline and 41.4% compared to 2009 baseline. Utilizing 2023 operations and expected ESRT2.0 projects, the NYC portfolio is expected to meet its LL97 2030 Limit, LL97 2035 Limit, and 80x35 Target.
2009 Emissions – The 2009 building CO2e emissions utilizing 2009 utility rates and 2009 eGRID emission factors. BAU (Static Grid) – The 2019-present building CO2e emissions without ESRT2.0 project integration. Future years utilize a constant, 2023 electrical grid coefficient projection. Actual Emissions (CLCPA) – Actual building emissions from 2019-present. Projected Emissions (CLCPA) – Future CO2e emission projections based on the planned ESRT2.0 projects. Future years utilize CLCPA projections for electrical grid coefficients.
LL97 2030 Limit – The LL97 building CO2e emission limit required to be met by 2030 to avoid fines. LL97 2035 Limit – The LL97 building CO2e emission limit required to be met by 2035 to avoid fines. 80x30 Target – The building CO2e emission target to achieve an 80% CO2e emission reduction from the 2007 baseline.
Empire State Building 2023 M&V March 2024
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ESB 2023 Energy Savings Compared to 2007 and 2019
• Compared to the 2019 benchmark, annual energy consumption decreased by 22.6%. • Compared to the 2007 benchmark, annual energy consumption decreased by 49.3%.
ESB 2023 CO2e Emission Savings Compared to 2007 and 2019
• Compared to the 2019 benchmark , annual CO2e emissions decreased by 13.0%. • Compared to the 2007 benchmark, annual CO2e emissions decreased by 57.1%.
High Level CO2e Emission Percent Savings Breakdown
In 2023, ESB generated 13,732 tCO2e emissions per year compared to 15,779 tCO2e emissions in 2019. Overall, CO2e emissions were reduced by 13.0% compared to 2019 baseline due to the following: • Weather adjustments accounted for a 4.7% reduction in CO2e emissions . • Building emissions were negatively impacted by 11.4% through the worsening CLCPA projected electrical grid coefficients. • The building achieved a 19.6% reduction in CO2e emissions through implementation of energy efficiency and changing building operations.
ESB 2023 Performance and Projections
As of 2023, ESB has reduced CO2e emissions by 13.0% compared 2019 baseline and 57.1% compared to 2007 baseline. Utilizing 2023 operation and expected ESRT2.0 projects, the building is expected to meet its LL97 2030 Limit, LL97 2035 Limit, and 80x30 Target.
2009 Emissions – The 2009 building CO2e emissions utilizing 2009 utility rates and 2009 eGRID emission factors. BAU (Static Grid) – The 2019-present building CO2e emissions without ESRT2.0 project integration. Future years utilize a constant, 2023 electrical grid coefficient projection. Actual Emissions (CLCPA) – Actual building emissions from 2019-present. Projected Emissions (CLCPA) – Future CO2e emission projections based on the planned ESRT2.0 projects. Future years utilize CLCPA projections for electrical grid coefficients.
LL97 2030 Limit – The LL97 building CO2e emission limit required to be met by 2030 to avoid fines. LL97 2035 Limit – The LL97 building CO2e emission limit required to be met by 2035 to avoid fines. 80x30 Target – The building CO2e emission target to achieve an 80% CO2e emission reduction from the 2007 baseline.
ESRT Portfolio (ALL) 2023 M&V
March 2024
www.questenergy.com 480-467-2480
ESRT Portfolio (ALL) 2023 Energy Savings
• Compared to the 2019 benchmark, annual energy consumption decreased by 16.1%. • Compared to the 2007 benchmark, annual energy consumption decreased by 33.9%.
The three Multifamily properties The Victory, The Chesapeake, and 298 Mulberry were added to the portfolio in 2023. The two properties 10 Bank St and 500 Mamoraneck were removed from the portfolio in 2023.
ESRT Portolio (ALL) 2023 CO2e Emission Savings
• Compared to the 2019 benchmark , annual CO2e emissions decreased by 10.1%. • Compared to the 2007 benchmark, annual CO2e emissions decreased by 41.6%.
The three Multifamily properties The Victory, The Chesapeake, and 298 Mulberry were added to the portfolio in 2022. The two properties 10 Bank St and 500 Mamoraneck were removed from the portfolio in 2023.
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