besf building renewal_021815
TRANSCRIPT
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1 NORTHWEST ENERGY EFFICIENCY ALLIANCE
Building Renewal: Making the Business Case for Deep Energy Retrofits Building Energy Simulation Forum February 18, 2015
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Building Renewal: Making the Business Case for Deep Energy Retrofits
Building Renewal Tool An easy to use, integrated design technical and financial analysis that improves energy performance by over 35% Target Market Primarily leased commercial office buildings over 20,000 SF
Target Audience Building owners and property managers
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Building Renewal: Making the Business Case for Deep Energy Retrofits
Vision A value creation investment with compelling financial returns to gain competitive advantage
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Building Renewal: Making the Business Case for Deep Energy Retrofits
Value Proposition Repositioning (Non-energy) benefits: Increased occupancy rate (tenant comfort & health – less churn) Increased rental rates (tenant comfort & health – productivity) Total asset value (from all benefits)
Energy benefits: CUP downsized Reduced operational costs
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Building Renewal: Making the Business Case for Deep Energy Retrofits
Repositioning Obsolescence/Depreciation Curve-”avoided cost” Classification attributes § Location § Access (freeway, public transportation) § Parking § Nearby and/or on-site amenities § Ceiling heights § Floor load capacity
§ ------------------------------- § Value creation § (3 controllable parts)
1) Services § IT & backup power § Security and life safety § Elevator quantity and speed § HVAC capacity 2) Aesthetics Common Area Improvements
3) Tenant comfort & health
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Building Renewal: Making the Business Case for Deep Energy Retrofits
§ Future proofing
“Core Investment Duration”/ 10 year implementation/ Classification duration Intervention points POS Refinance Management contract expiration Major tenant leaving Low occupancy rate Major systems failure Major capital investment 30 year CUP lifespan 20 year caulking lifespan
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EBR Demonstration Buildings
§ Missoula 52,000 SF - 6 stories Energy savings = 67%
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EBR Demonstration Buildings
§ Boise
31,321SF - 3 stories Energy savings = 39%
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EBR Demonstration Buildings
§ Seattle
674,775 SF - 40 stories Energy savings = 42%
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EBR Demonstration Buildings
Portland – Lloyd 700 building
245,115 SF -16 stories Energy savings = 41%
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Building Renewal: Making the Business Case for Deep Energy Retrofits
Modeling Challenges § Model Existing Building with Deficiencies
§ Capture “Integrated Design” Performance
§ Model Integrated Measure Packages
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Building Renewal: Making the Business Case for Deep Energy Retrofits
Existing Buildings: Deficiencies
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Building Renewal: Making the Business Case for Deep Energy Retrofits
Existing Buildings: Deficiencies
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Building Renewal: Making the Business Case for Deep Energy Retrofits
Existing Buildings: Actual Operation
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Building Renewal: Making the Business Case for Deep Energy Retrofits
Existing Buildings: Actual Operation
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Building Renewal: Making the Business Case for Deep Energy Retrofits
Existing Buildings: Interval Meter Data
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Building Renewal: Making the Business Case for Deep Energy Retrofits
Existing Buildings: Interval Meter Data
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Building Renewal: Making the Business Case for Deep Energy Retrofits
Existing Buildings: Model Calibration
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Building Renewal: Making the Business Case for Deep Energy Retrofits
Existing Buildings: Model Calibration
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Building Renewal: Making the Business Case for Deep Energy Retrofits
Existing Buildings: Model Calibration
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Building Renewal: Making the Business Case for Deep Energy Retrofits
Existing Buildings: Model Calibration
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Building Renewal: Making the Business Case for Deep Energy Retrofits
Existing Buildings: Model Calibration
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Building Renewal: Making the Business Case for Deep Energy Retrofits
Integrated Design: Modeling Loads
Integrated design synthesizes climate, use, loads and systems resul5ng in a more comfortable and produc5ve interior environment, and a building that is significantly more energy-‐efficient.
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Building Renewal: Making the Business Case for Deep Energy Retrofits
Integrated Design: Modeling Loads
Annual and Peak Cooling Loads
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Building Renewal: Making the Business Case for Deep Energy Retrofits
Integrated Design: Modeling Loads
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Building Renewal: Making the Business Case for Deep Energy Retrofits
Integrated Design: Modeling Loads
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Building Renewal: Making the Business Case for Deep Energy Retrofits
Integrated Design: Modeling Loads
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Building Renewal: Making the Business Case for Deep Energy Retrofits
Integrated Design: Modeling Loads
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Building Renewal: Making the Business Case for Deep Energy Retrofits
Integrated Measure Packages
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Building Renewal: Making the Business Case for Deep Energy Retrofits
Integrated Measure Packages
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Building Renewal: Making the Business Case for Deep Energy Retrofits
Integrated Measure Packages
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Building Renewal: Making the Business Case for Deep Energy Retrofits
Integrated Measure Packages
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Building Renewal: Making the Business Case for Deep Energy Retrofits
Demonstration project teams, included: § NEEA staff § Mike Hatten, Solarc § Integrated Design Lab (UW & UI) staff § Molly McCabe, HaydenTanner
(commercial real estate consultant) to deliver comprehensive technical and business analysis to support investment in building renewal
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Building Renewal: Making the Business Case for Deep Energy Retrofits
Demonstration project teams delivered
§ detailed audits and analysis § project solutions, based upon in depth
understanding
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Building Renewal: Making the Business Case for Deep Energy Retrofits
§ Challenge - going beyond the demo projects
§ Take lessons learned from demonstration projects (and collective team experience)
§ Develop a unique, user-friendly project tool, able to quickly estimate the value created by a building renewal project
§ Provide enough credible information for building owners to take the next steps
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Building Renewal: Making the Business Case for Deep Energy Retrofits
§ Challenge - Tool Deliverables § A business case/investment roadmap
§ Deep retrofit project scope and estimates of § Project cost § Energy savings § Energy expense savings § O&M savings § Rent differential § Investment returns
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Building Renewal: Making the Business Case for Deep Energy Retrofits
§ Solution – Tool Concept § Limited set of efficiency measures with wide
applicability and the most significant energy savings § Integrated design orientation § Measure intent, performance criteria and design
considerations—support project team creativity § Prototype buildings to facilitate application of the
measures § Promote deep retrofit best practices: O&M practices,
commissioning, tenant purchasing, M&V protocols
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Building Renewal: Making the Business Case for Deep Energy Retrofits
§ Solution – User-Friendly Front End § QuickScreen process, to rapidly address the real
estate strategic fit of building renewal § Essential questions about the building, including
current energy use, building characteristics and retrofit preferences
§ Necessary questions to estimate building renewal value creation: vacancy, lease rollover, rents and potential rent differential, targeted investment returns
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QuickScreen Questions
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QuickScreen Report
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QuickScreen Report
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Building Renewal: Making the Business Case for Deep Energy Retrofits
§ Solution – Tool Analysis and Outputs § Comparative analysis
§ baseline building § the chosen package of energy efficiency measures, and § a package of measures to maximize deep retrofit savings
§ Provide estimates of EUI, percentage energy savings, energy expense savings and percentage, and project cost
§ Slider controls to adjust certain project parameters, such as rent differential and project soft costs
§ An 8 page report will be generated, downloadable and printable as a PDF, providing a summary description of the proposed project and its value creation potential
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Comparative Analysis
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Report Excerpt – The Opportunity
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Report Excerpt – Project Scope
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Report Excerpt – Key Indicators
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Building Renewal: Making the Business Case for Deep Energy Retrofits
§ Solution – Supporting Materials § The tool will generate a package of project-specific
measure descriptions, for use by a project team § Detailed descriptions of best practices essential to
achieve and maintain project performance § A building renewal web site to inform development of
a project specific building renewal strategy and support use of the building renewal tool
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Building Renewal: Making the Business Case for Deep Energy Retrofits
§ Thank you!
§ Attendees, BESF, ETO, AAT
§ NEEA Building Renewal Tool
§ Rob Curry (NEEA) – Vision, Value proposition, and EBR Pilot’s
§ Mike Hatten (Solarc) – Building energy computer simulations
§ Jeff Cole (Konstrukt) – BR Tool overview
§ Questions and answers