MIT Save Big through Energy Efficiencies

The Massachusetts Institute of Technology (MIT) in the U.S. is saving big on energy and hence money all through an ambitious project to reduce electricity use across its sprawling campus.

MIT are collaborating with local utility company NSTAR and have exceeded their first-year energy savings goal of their Efficiency Forward programme by 30 percent.

Efficiency Forward set a first-year goal of achieving campus-wide energy savings of 10 million kilowatt-hours but the actual reduction amount for the first year came in at an impressive 13 million kilowatt-hours.

Tom May, NSTAR Chairman, President and CEO said:

“We’re delighted with today’s announcement of our strong progress towards MIT’s energy efficiency goals. When MIT launched Efficiency Forward last year, they set aggressive goals for confronting climate change and establishing energy efficiency as their ‘first fuel’.”

The programme will see investment of nearly $14 million over three years, with an innovative funding strategy that leverages funds from MIT, NSTAR incentive payments, and reinvestment of energy savings.

“We’re delighted with today’s announcement of our strong progress towards MIT’s energy efficiency goals,” said Susan Hockfield, MIT President.

“Efficiency Forward is demonstrating the rapid efficiency gains we can achieve by inspiring broad participation across our community.”

MIT has committed to a goal of reducing annual electrical use on campus by at least 34 million kilowatt-hours within three years – equal to 15 percent of MIT’s current electricity use and approximately the same amount of electricity used by more than 4,500 Massachusetts homes each year.

The university hopes to cut its energy use by 34 million kilowatts within three years, or 15 percent of its overall electricity use, for a savings of $50 million.

In the first year of the Efficiency Forward initiative, MIT undertook numerous steps toward reducing energy use on campus. Since May, when the program was initiated, MIT has created a campus-wide lighting retrofit project, implemented a project to reduce a dorm’s fan energy by 40 percent and completed two high-performance, low-energy-use capital projects.

Picture by nouknouk

Wednesday 12th January 2011

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