Savanna Cuts Energy Costs 11% at 110 William St.
Savanna, a New York based real estate investment management company, has cut the energy bill 11% at 110 William St., an office tower in Manhattan’s Financial District.
Cortex Intel technology helped Savanna save on energy costs with a mobile app that help engineers run the building’s increasingly complex heating, ventilation and air conditioning systems. Savanna began to use the technology 18 months ago.
“We’ve already achieved significant financial benefit at 110 William through Cortex Intel’s platform, reducing annual operating costs by $250,000, which translates into a property valuation increase of about $5 million,” said Nicholas Bienstock, co-managing partner at Savanna.
Cortex is now in use at 10 million square feet of office space in New York City.
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