M id A tlantic Real Estate Journal — Owners, Developers & Managers — August 2023 — 1C
www.marej.com
O wners , D evelopers & M anagers
By Jeff Hendler, Adam Blank, and Zohra Roy of Logical Buildings New Jersey implements new benchmarking law for buildings with 1 st deadline approaching this October
s part of the New Jer- sey (NJ) Clean Energy Act, beginning Octo- ber 1, 2023, buildings over 25,000 s/f are required to benchmark their building’s aggregate energy and water usage data to the NJ Board of Public Utilities (BPU) on an annual basis. Logical Build- ings is certified by the NJBPU to fulfill all the requirements of gathering, compiling, veri- fying, and submitting the necessary information and documentation for your prop- erties that are covered. Energy benchmarking is the process of measuring energy use performance and relative efficiency of a build - ing as compared to a prior time period and/or like build- ings in a given region. For the first time, whole-building ag - gregate energy consumption data will be made available to building owners/operators in New Jersey - via the utility companies - in order to com- ply with the benchmarking requirements. Benchmark- ing baseline energy use data for multifamily buildings,, commercial properties, and municipalities is the prereq- uisite step to identify where efficiency can be improved, thus lowering energy costs and carbon emissions. While benchmarking reporting data is critical, the goal of A
first step toward compliance and cost reduction. Once you can measure your building’s energy load, you can man- age it and lower expenses. Our team of certified energy experts can empower your facilities team with the right load-reduction technologies to execute your company’s path toward energy compli- ance and expense reduction. If you are interested in learning more about the New Jeff Hendler serves as the co-founder and CEO, Adam Blank is the head of ESG Solutions, and Zohra Roy holds the posi- tion of director of Prod- uct Marketing at Logical Buildings. MAREJ Logical Buildings: Your Partner for New Jersey Energy Compliance and Savings Jersey energy benchmarking law and how Logical Build- ings can help your building(s) comply, email us at learn@ logicalbuildings.com or book a demo with us.
Adam Blank
Jeff Hendler
Zohra Roy
the requirement is to pro- vide building owners with a measurable baseline to verify energy reduction initiatives. Logical Buildings provides building owners with pre- scriptive tools and strategies to lower energy use. The company’s energy manage- ment platform, SmartKit AI, rewards managers to run buildings more efficiently with a data-driven approach, saving money and lowering carbon emissions. Logical Buildings provides best-in- class training for O&M build- ing managers to minimize energy costs. The NJBPU’s new frame- work also focuses on goals, targets, a performance incen- tive mechanism, and energy savings carryover; building decarbonization start-up programs; and demand re- sponse programs. Through the incentives that will be offered by the utilities under this framework, the Board
seeks to maximize energy efficiency and energy conser - vation in buildings while also reducing emissions from the building sector, in line with the State’s new clean energy and electrification goals. The big news is NJ is mov- ing towards adopting de- mand response programs that pay owners/developers and residents/tenants for us- ing less energy when the grid needs relief. NJ utilities are completing their smart meter installations to support these programs. Future-proofing your new developments with smart thermostats, grid- interactive appliances, and electric vehicle (EV) charg- ing platforms will transform your properties into grid revenue-producing assets. The time to act is now, and while the benchmarking pro- cess can seem daunting, our team of NJBPU-certified en - ergy benchmarkers can help building owners take the
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