TradingMarkets.com
My name is Anthony E. Malkin, I am president of Malkin Holdings, and I run the Empire State Building. Seated behind me are Empire State Building Team leaders Paul Rode of Johnson Controls and Dana Schneider of Jones Lang LaSalle.
At ESB we created the first replicable, nonproprietary, open source, quantitative process to give transparent economic justification to energy efficiency retrofits in the existing built environment. Our work is guaranteed by the balance sheet of Johnson Controls to reduce our watt and BTU consumption by 38.4%. Our contract only guarantees 90% of our projected savings, so our actual savings will be in excess of 40%. Our payback period is three years.
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