Case Study Simcoe Place, Cadillac Fairview Making energy efficiency a competitive advantage Left to right: Victor da Rosa, Energy Expert, Toronto Hydro. Nathan Mordaunt, General Manager, Simcoe Place, Cadillac Fairview By the numbers Upgrades included lighting and controls, variable frequency drives, air conditioning and transformer optimization. 3,968,000 kWh/year ENERGY SAVINGS $584,300 INCENTIVE $555,000 TOTAL ANNUAL COST SAVINGS* 4 YEARS PAYBACK WITH INCENTIVE *Calculations are based on an average electricity cost of $0.14 per kWh. Built in 1995, Cadillac Fairview’s Simcoe Place was the only major office tower constructed between the recession and the subsequent real estate boom, establishing itself as a landmark in Toronto’s financial district. Today, thanks to award-winning conservation initiatives and an impressive energy management plan, it’s ranked in the 98th percentile among the most energy-efficient buildings in Canada. When it began to pursue energy savings as part of Cadillac Fairview’s “Green at Work Sustainability Strategy,” Simcoe Place worked with Enerlife Consulting to analyze its energy profile. Systematic reviews of trends and data identified where the building was consuming the most energy. “You can’t manage what you can’t measure,” says General Manager, Nathan Mordaunt. “We were able to calculate the building’s lighting and HVAC load right down to the square foot.” At any given time, Simcoe Place has up to five energy-efficiency projects underway – and more planned. While some projects are more comprehensive, it’s the simple, innovative solutions that Mordaunt finds most compelling. Take the example of a recent transformer optimization project that uncovered that only three of the building’s six transformers were really necessary. “It was a $10,000 project that yielded 400,000 kWh in electricity savings,” says Mordaunt. By cycling the transformers, the lifespan is longer, maintenance is reduced and there has also been a significant drop in cooling costs. “This building is now as efficient as any new LEED-certified building on the market. That’s how many efficiencies we’ve found.” Nathan Mordaunt, General Manager, Simcoe Place, Cadillac Fairview Another non-intrusive project had a big impact on the building’s lighting load. After discovering that lighting was at nearly double the required levels, Simcoe Place reduced T8 lamps from two down to one in thousands of fixtures. This pragmatic fix cut energy use automatically by 50% throughout the building. If some tenants were hesitant to move down to a single bulb, they were given the option to switch from two 32W T8 lamps to two 28W T8 bulbs. This reduced energy use by 12.5% without a noticeable change in lighting levels. Incentives made the business case feasible Simcoe Place is now saving close to $0.70 per square foot every year, which translates into about $555,000 a year in energy costs. Toronto Hydro worked closely with the team at Simcoe Place to identify savings opportunities, prioritize key projects and help secure funding. For Mordaunt, the incentives are part and parcel of every project. “The total savings and return can be compelling,” he explains. Get incentives to upgrade Contact our energy experts today – we know your business, your priorities and which technologies will help you cut costs in your building. We can also help you apply for incentives to strengthen your business case. Ask us how to combine multiple projects, such as lighting and occupancy controls, to maximize your return on investment. Energy efficiency is a competitive advantage For Mordaunt, maintaining a building to sustainable standards is expected from tenants, so much so that green initiatives are now a prominent part of Simcoe Place’s tenant retention focus. A green committee, facilitated with JLL, also regularly distributes collateral covering everything from energy conservation to recycling to green supplier procurement policies. “Energy efficiency has become a differentiator in our business,” he says. “It’s a new way to add value, especially for companies looking to attract top talent. And that’s a win for tenants and building owners alike.” Contact Us We’ll help create an energy action plan for your business 416-542-3388 [email protected] torontohydro.com/business Subject to additional terms and conditions found at torontohydro.com/business. Subject to change without notice. Save on Energy is powered by the Independent Electricity System Operator and brought to you by Toronto Hydro. OM Official Mark of the Independent Electricity System Operator. Used under licence. ®A registered trademark of Toronto Hydro Corporation used under licence. “Toronto Hydro” means Toronto Hydro-Electric System Limited. 7 4 1 0 8 5 2 . 9 6 3 C + =
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