55 Wall Street Embarks on $8.3 Million Project to Cut Energy Costs, Consumption and Emissions

The Cipriani Club Residences, located at 55 Wall Street in Lower Manhattan, is making an $8.3 million investment in a multifaceted energy efficiency and cogeneration project which, once completed, stands to reduce the building’s energy consumption and related emissions by 42% as well as cut energy costs in half – saving $900,000 annually.

“This project is being financed with a $6.75 million loan from the New York City Energy Efficiency Corporation (NYCEEC), a non-profit that develops financing solutions for clean energy projects,” said Chris De Weaver, a managing director for FirstService Residential who helped to orchestrate the project. “The loan is being provided as a ‘no upfront cost’ solution, not requiring any project-level investment by the building.”

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