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NZero: Tracking Carbon Footprints for Building Owners in NYC

Image Credits: NZero
By: Headliners News / May 8, 2024

This year marks a pivotal moment for thousands of buildings in New York City as they gear up to slash their carbon emissions. But here’s the kicker: before they can take action, owners need a clear picture of just how much pollution their properties are churning out.

According to the U.S. Energy Information Administration, a whopping 60% of energy consumption in commercial buildings stems from electricity alone. While tools abound to translate electric bills into carbon emission estimates, many rely on rough approximations. With the rise of intermittent renewables like wind and solar, pinpointing not just how much but when electricity is used becomes crucial.

Enter NZero, an innovative tech startup on a mission to track carbon emissions. They’ve cooked up a new algorithm that dishes out reports estimating carbon pollution down to the hour for building owners.

Sure, some lucky owners with buildings kitted out with fancy meters and sensors already have this data on hand. But let’s face it, many don’t. Their team believes that better data equals better outcomes, but lack of data should not be a roadblock.

Enter the triple net lease, a darling of real estate investors. Here’s the catch: while the REIT (real estate investment trust) shoulders a building’s emissions responsibility, it often doesn’t foot the utility bills, leaving it in the dark about the building’s pollution footprint. They’re practically pleading with their customers for this data, however, they experience little success.

Armed with just the building’s address and a smattering of details like square footage and HVAC systems, NZero works its magic, conjuring up estimates that purportedly trump anything the owners had before.

But NZero isn’t content with just spewing numbers. Their software guides building owners on a journey to identify upgrades and retrofits that not only slash carbon emissions but also boast bang-for-buck cost-effectiveness.

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