Economically Compelling Energy Savings

Andy BrydgesAccount Executive, Energy Efficiency

Eversource

Anthony ClarkAssociate Director, Commercial, Industrial, and

Institutional ProgramsCT Green Bank

Green Bank and Utility Introductions

Energy Efficiency Incentive Programs

Financing Opportunities for Efficiency &

Renewables

New Construction Approaches

Q&A

Agenda

Energy EfficiencyIncentive Programs

Eversource C&I Annual Savingsby End Use

Cooling7%

Heating3%

Lighting65%

Motor4%

Other1%

Process18%

Refrigeration2%

Annual Electric Savings

Domestic Hot Water

3%

Heating65%

Other0% Process

31%

Refrigeration1%

Annual Gas Savings

Shift Beyond Lighting

Promote HVAC Strategies

Deliver EE services to all Fuels

Tailor solutions to Market Segments– Trade Ally Networks– Turnkey solutions for small- to mid-sized

businesses that include on-bill financing

Lighting

LED C&I Market Adoption - US

Source: DesignLights Consortium (DLC); Energy Savings Potential of DLC Commercial Lightingand Networked Lighting Controls ; July 2018

LED C&I Savings Potential (Cumulative) - US

Source: DesignLights Consortium (DLC); Energy Savings Potential of DLC Commercial Lighting and Networked Lighting Controls ; July 2018

“Non-Energy” Value Propositions –Built Upon a Connected Lighting Platform

Lighting is ideal “powered platform”:add-on other features

“Non-energy” add-on features through NLC may be equally/more important than energy savings to customer– Space scheduling/ utilization– Indoor positioning and “way-finding”– Asset tracking and management

Economic payback may rely upon “non-energy” features customer wants/needs

Lighting Measures

Lighting Tier Requirements

Best High Performance Lighting Networked Lighting Controls

Better Enhanced Performance Lighting LED with Sensors

Good Standard Lighting LEDs without Controls

Possible Control

Strategies:

Occupancy Sensors

Daylight Harvesting

High End Trim

Gas Measures& Industrial Offerings

Gas Measures

New Equipment Controls Steam Systems Heat Recovery Building Envelope

Industrial Measures Air Compressors & Dryers Dust Collectors Forge Furnaces Variable Speed Controls Studies:

– Air Compressor Systems– Steam Systems– Investment Grade Engineering Study

Comprehensive Approach

Comprehensive Approach

End Uses

Heating Process

Cooling Domestic Hot Water

Lighting Refrigeration

Motor

Comprehensive Approach – The Tiers

Tier Project Must Include Incentives

Total Comprehensive

Incentive

Networked Lighting Controls, or At least 3 end uses (lighting must have

controls)

Up to 65% of project cost

Multi End Use or EMS

Lighting with controls, orEMS, or

At least 2 end uses (lighting at least dimmable)

Up to 45% of project cost

Single End UseLighting or dimmable lighting, or

Only 1 end useUp to 25% of project cost

Financing Approaches

CT Green Bank

Comprehensive Project Success

Green Bank C&I Offerings

Financing for Higher Energy Performance– Commercial Property Assessed Clean Energy

(C-PACE) for existing buildings and new construction

– Power Purchase Agreements for renewable energy

What is C-PACE

C‐PACE (Commercial Property Assessed Clean Energy) is an innovative financing solution from Connecticut Green Bank that makes upgrades that save energy accessible and affordable.

Enabled by State-level legislation, PACE is an public-private partnership, creating the first voluntary property tax assessment for optimizing building infrastructure.

With C-PACE, building owners can access 100% upfront, long-term financing to fund eligible improvements

C-PACE Basics

Energy project construction proceeds exactly as it typically would.

C-PACE is secured by a property assessment with repayment collected with and like any other property tax and assessment

PACE assessment survives sales, including foreclosures

PACE assessment in arrears is senior to mortgages - but only the past due assessment

Future PACE assessments are paid by future building owners

C-PACE Investment in CT

C-PACE Improvements in CT

C-PACE Impact in CT

Solar Power Purchase Agreement

CRE Case Study - I

CRE Case Study - II

New Construction Approaches

2 Program Paths for Efficiency

New Construction Program

Path 1:WBP & Zero Energy Modeling Program

Path 2:Prescriptive

Program

C-PACE New Construction

With C-PACE, developers can leverage utility incentives and:

Complete the capital stack affordable, long-term financing that may take the place of more expensive debt and equity. Up to 20 percent of eligible costs can be financed through C-PACE New Construction for terms up to 25 years.

Develop buildings that are higher performing, more cost-effective, comfortable, and competitive thereby boosting a project’s long-term sustainability and creating a more attractive investment.

Invest with confidence. The Green Bank’s Technical Administrator will conduct an independent review of the energy modeling and projected energy performance.

C-PACE New Construction In Use

Q & A

Thank YouAndy Brydges

Eversourceandrew.brydges@eversource.com

860-665-2733

Anthony ClarkCT Green Bank

anthony.clark@ctgreenbank.com

860-257-2888

Savings from Networked Lighting

Source: DesignLights Consortium (DLC); Energy Savings Potential of DLC Commercial Lighting and Networked Lighting Controls ; July 2018