NORWELL, Mass.--(BUSINESS WIRE)--Bluestone Energy Services, LLC, a leader in energy conservation engineering and project development services for industrial and commercial clients, announced today that its lighting project for the 495 Business Center will provide an 800,000 kWh reduction in annual electrical consumption – exceeding original savings estimates.
Working with the property’s management company, Genesis Management Group, Bluestone Energy designed and implemented a lighting retrofit for the entire 495 Business Center facility, securing a $58,900 incentive from National Grid. The project has a one-year ROI and the facility’s annual energy bill will be reduced by $94,000.
“Not only did Bluestone Energy provide us with significant energy savings and allow us to reduce our carbon footprint, they also completed the job within four weeks, ensuring that we met a critical deadline to qualify for the utility incentive,” said David Ridge, Property Manager, 495 Business Center. “We look forward to partnering with Bluestone Energy on many more energy-efficiency and sustainability projects in the future.”
“We are thrilled with the results and significant energy savings from this project,” said Gabriel Andreson, Director of Lighting Services at Bluestone Energy. “This project accomplished substantial success in three major areas: cutting energy costs, earning a substantial utility incentive grant and reducing environmental impact.”
The 495 Business Center, formerly belonging to Wang Laboratories, is a 722,000 square-foot facility located in Tewksbury, Massachusetts. The building is owned by Austin, Texas-based Capital Commercial Investments, Inc., a real estate investment firm that specializes in locating and purchasing undervalued commercial investment properties throughout the United States.
About Bluestone Energy Services
Norwell, Massachusetts-based Bluestone Energy Services, LLC, a division of OpTerra Energy Group, provides professional engineering and project development services for utilities and corporate clients. Bluestone is a leader in demand-side management (DSM) programs for large commercial and industrial organizations. Bluestone has secured millions of dollars in utility incentives for its clients by developing and implementing hundreds of HVAC, lighting and process energy-conservation projects. Bluestone has worked with a wide array of companies including Boston Properties, Cabot Corporation and Stop & Shop Supermarket Company. Additional information on Bluestone can be found at http://www.bluestoneenergy.com.
About The Genesis Management Group
The Genesis Management Group is a full-service real estate investment management and development company. The Genesis Management Group’s devoted team offers expertise in development, permitting, management, construction, accounting and financial planning. The partners and employees of Genesis possess an unparalleled depth of knowledge and commitment to excellence. Additional information on the Genesis Management Group can be found at http://www.genesismgtgroup.com.