EEB Hub looks to continued growth during second year

May 25, 2012

The Energy Efficient Buildings Hub (EEB Hub) recently entered into its second year of operation, as the Department of Energy-designated leader in the sector will look to build on the growth achieved during the past year.

The project draws from the brightest minds from several sectors, as it is a consortium of 22 partner institutions from academia, government, energy development companies and the private sector. Led by Pennsylvania State University, the EEB Hub is working to transform the building stock of Philadelphia.

Various Monks reported that the EEB Hub has defined a number of objectives for the upcoming year. These include the creation of a modeling platform to integrate construction, design, commissioning and operation and advocating for policies that would help the building industry in the Greater Philadelphia region move forward with and adopt more energy efficient retrofits.

The organization defined these new objectives as a way to continue the progress it has had over the past year. The EEB Hub, reliant on data from a report by Econsult, noted that retrofitting the more-than-half commercial buildings in the region that are eligible for the energy efficient renovations would help to spur $600 million in local spending and create more than 23,000 jobs in the area.

Philadelphia is in dire need of a retrofitting push, as the same report outlined how the city's commercial buildings have energy costs nearly 30 percent higher than the national average.

Moving forward, Various Monks reported that the effort is looking to expand on the recent Electricity Price Ticker Partnership, which tracks the real time price for wholesale electricity in the area. The EEB Hub is also hoping to continue to participate in demonstration projects that highlights the importance of and test energy efficient building systems and tools.

Making the energy efficient buildings sector profitable and sustainable is a challenge that the EEB Hub accepted, and the organization is looking to expand on its goals in the coming years.

An article in the Huffington Post recently highlighted how important the marketing of energy efficient and green technologies is to the sustainability of the market.

According to the article, Washington, D.C.-based initiative is also hoping to impact the market, as the Institute for Market Transformation whose mission is based on "addressing market failures that inhibit investment in energy efficiency and sustainability in the building sector."