Comverge Helps Times Square Become Energy Efficient

Comverge, Inc., a leading provider of clean energy through demand response and energy efficiency, announced today that it has completed an energy-efficient lighting project at the Times Square Arts Center, 300 West 43rd Street in New York City.

At the request of property owner, Times Square Arts Center, Comverge performed a lighting analysis on the renovated 84-year-old building, which is now the Times Square Arts Center. After completing its energy evaluation, Comverge replaced the lighting apparatus throughout the building with a more energy-efficient system, which is anticipated to provide the property owners significant annual energy and cost savings in addition to lowering their carbon footprint. A significant portion of the project cost was offset by incentives provided through Comverge’s administration of the Con Edison Targeted Demand Side Management Program, which provides financial incentives for energy efficiency projects in certain areas of Manhattan. Comverge was selected for its specific expertise, successful track record, and its unique program designed to reduce base load energy requirements of Con Edison’s commercial customers.

“Times Square has been undergoing a significant transformation for many years. As the renovation continues, it is refreshing to see the leaders of the revitalization take proactive steps to make Times Square environmentally friendly,” said Robert M. Chiste Chairman, president and CEO of Comverge. “We commend the owners of the Times Square Arts Center on this project, and hope other property owners throughout Manhattan will see that cost-effect energy efficiency analysis and low disruption replacement of less efficient lighting systems can have a positive and immediate impact, not only on their bottom line but also on the environment.”

The Comverge project will reduce energy usage at the facility by approximately 190,000 kWh and save more than 200,000 pounds of carbon dioxide emissions on an annual basis. The resulting estimated energy savings of $35,000 per year provides additional funds that the owners of the building presently intend to reinvest in the community.