Northern Trust Bank Cuts Energy Use with Electric City's EnergySaver(TM)
First Large Commercial Office Facility in Chicago to be Entirely Controlled By EnergySaver(TM) Systems
CHICAGO, May 31, 2001 /PRNewswire via COMTEX/ -- Northern Trust Bank (Nasdaq: NTRS chart, msgs) has the first large scale office facility in Chicago to be entirely controlled by EnergySaver(TM) technology supplied by Electric City of Illinois (Amex: ELC chart, msgs) and PST Corporation, Electric City's dealer. Every light throughout the entire five-story, 500,000 sq. ft. Northern Trust operations facility and its attached multi-level parking structure at 801 S. Canal in Chicago, is controlled by the EnergySaver(TM), substantially reducing the amount of energy consumed by its lighting systems. The level of savings achieved for the facility has been measured and verified at a steady state savings level of 22.8%, which is more than 700,000 kwh each year.
"Northern Trust will save over $50,000 annually on its electric bill due to the EnergySaver(TM)," said a senior level Northern Trust representative.
The EnergySaver(TM) is a transparent way to reduce energy consumption and save money. "All of our lighting systems, which are 277 volts, are now operating at 220 volts with no visible lumen loss," Northern Trust's head building engineer said.
Northern Trust had seven EnergySaver(TM) units installed in its Chicago facility that houses its data center and other business critical applications. Based on the results of this system, Electric City's dealer, PST is working with the company to evaluate installation of additional units at its other facilities.
"The Northern Trust application is another project where the EnergySaver(TM) has proven that it safely and effectively reduces energy consumption for lighting while maintaining appropriate lighting levels," said John Mitola, CEO of Electric City Corp. "The resulting energy savings by Northern Trust helps them reduce their bottom line, while it reduces demand on the ComEd utility grid, freeing electricity capacity for use by other customers. We're proud to be working with sophisticated customers like Northern Trust at one of their most critical office facilities. Northern Trust is representative of the many leading companies we enjoy as our most successful customers."
Typically, customers can expect a return on their EnergySaver(TM) investment within 18-24 months in just energy savings alone. When coupled with incentive payments frequently offered by utility companies for voluntary load reduction, the return can be even faster. An added bonus is that an Energy Saver(TM) system is extremely easy and quick to install "The installation at such a large facility like the Northern Trust operations center took less than one week and it did not disrupt workflow or require the changeout of any existing equipment," said James Stump, a partner in Diamac Electric, Inc., the local #134 IBEW contractor who installed the units at Northern Trust. "Combining the lighting loads of 24 panels from the buss duct risers made for a clean installation in the main switchgear room."
About Northern Trust Corp.
Northern Trust Corporation ( northerntrust.com ) is a multi-bank holding company with worldwide locations and is a leading provider of treasury management, master trust and custody, retirement, risk and performance, international and investment management services for corporations, large institutions, and individuals. As of March 31, 2001, Northern Trust had $1.65 trillion in assets under administration and over $337 billion in assets under management
About Electric City Corp.
Electric City is a leading developer, manufacturer and integrator of energy savings technologies and custom electric switchgear. The Company currently markets the EnergySaver(TM), the GlobalCommander, TP3 and custom switchgear. Electric City is based in Elk Grove Village, Illinois and is traded under the symbol ELC. Additional information is available at the Company's web site at www.electriccityeccc.com or can be obtained by contacting Glenn Akselrod at the Stockpage at 800-797-5683 or at glen@thestockpage.com and Tony Schor at Investor Awareness, Inc. at 847-945-2222 or www.investorawareness.com .
Statements made in this release may be construed to be forward-looking and are made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act of 1998. Electric City has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "should," "typical," "we are confident," or similar expressions. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, risks related to evaluation of additional installations for the customer discussed above, as well as other matters disclosed in documents filed from time to time by the Company with the U.S. Securities and Exchange Commission.
MAKE YOUR OPINION COUNT - Click Here
tbutton.prnewswire.com
Source: Electric City of Illinois
Contact:
Julie Shepherd of Accent28, 847-669-0633, or
jshepherd11@yahoo.com , for Electric City of Illinois
URL: northerntrust.com
electriccityeccc.com
News provided by
COMTEX User Agreement |
