Bright Power Featured in IMT Study on Energy Disclosure and Job Creation
In Cities Across the U.S., Bright Power and Other Pioneering Companies Succeed by Helping Building Owners Reduce Energy Use
New York, NY – March 28, 2012 – Bright Power is featured as a pioneering business in a new report on energy disclosure and job creation by the Institute for Market Transformation (IMT), a nonprofit in Washington, DC. The report, Energy Disclosure and the New Frontier for American Jobs, profiles business leaders in the emerging field of building energy management who are adding jobs and expanding their client rosters.
The report shows how a new kind of energy policy is creating skilled, export-proof jobs in cities across the United States. Under this type of policy, called building energy rating and disclosure, owners of large buildings track exactly how much energy their properties use. Armed with this information, they can make changes that reduce their utility bills and those of their tenants—helping everyone’s bottom line.
Five cities and two states have already adopted such policies. If there were a national policy, IMT research finds, 23,000 net new jobs would be added in 2015 and 59,000 jobs in 2020.
When buildings’ energy use is made transparent (given a grade that is published online or shared in a real estate transaction), it’s like an MPG sticker for buildings. Americans can shop for office space or a new apartment with an eye on how much it will cost them in utilities. That, in turn, spurs owners to make their buildings more efficient, creating demand for specialists who can help reduce energy use.
ABOUT IMT: The Institute for Market Transformation (IMT) is a Washington, DC-based nonprofit organization dedicated to promoting energy efficiency, green building, and environmental protection in the United States and abroad. Much of IMT’s work addresses market failures that inhibit investment in
energy efficiency. For more information, visit www.imt.org.