Energy Squared Hired to Perform 79
Energy Audits Throughout New Jersey

NORTH BRUNSWICK, NJ, (July 13, 2010) - Energy Squared, has been hired to perform 79 energy audits on residential buildings across New Jersey for a national real estate investment, development and management company. Energy Squared expects to produce substantial savings in each of the buildings, which range from garden style to mid and high rise residential complexes.

The specific scope of work for these multiple energy audits is a five step process. First, Energy Squared will perform an initial "walk through" of each property to gauge potential energy saving upgrades and evaluate those opportunities to determine which will have the greatest return on investment. The second step is a full blown energy audit, which is a detailed analysis that evaluates all mechanical, electrical and plumbing systems including boilers, chillers, HVAC, lighting, controls and major water consuming devices. After the energy audits are complete, Energy Squared will provide design specifications and contract administration for the energy saving measures chosen to be implemented. The last step is to perform final inspections and assist in the acquisition of local, state and federal rebates/incentives.

Starting the work this summer, the initial round of energy analysis services are projected to be finished by 2011. Already, Energy Squared has established means of reducing the energy consumption by 50% (approximately $250,000 per year) in two high rise towers located in Elizabeth, NJ.

"I am very excited for this opportunity to reduce energy consumption on such a large scale across the state of New Jersey," said Energy Squared Principal Michael Matzura, CEM, LEED AP. "As a Pay for Performance energy partner with the state of New Jersey, we also aim to maximize the rebates given to these 79 properties."