Energy cost savings to drive HVAC innovation
New York City — Innovation in heating, ventilation and air-conditioning will be driven by cost savings from more efficient energy use and pressure to reduce greenhouse gas emissions, according to a recent from Pike Research.
The study, “Energy Efficient HVAC Systems,” found that energy addition, regulatory shifts, including more stringent codes and LEED (Leadership in Energy and Environmental Design) will enable emergent HVAC technologies, which in some cases have been available for many years, to achieve market traction at last. Advanced HVAC innovations can achieve energy cost savings of well over 50% by assembling commercially available components in unconventional arrangements, Pike Research reported.
“The next generation of energy efficiency will come through incremental improvements to existing HVAC technologies,” said research analyst Eric Bloom. “But there is a great deal of untapped potential for innovation and the adoption of new technologies, such as geothermal heat pumps, that will transform the way buildings function.”
While technologies such as building energy management systems, thermal energy storage, underfloor air distribution, geothermal heat pumps, and evaporative cooling for rooftop units occupy only a small portion of the present market today, Pike Research expects their growth to accelerate over the next few years.
Revenue from ice-based thermal energy storage systems on rooftops, for example, will expand at a compound annual growth rate of 84% between 2010 and 2015, reaching almost $171 million. The spread of these innovative technologies will enable building owners to actively manage energy cost as an asset, rather than a fixed cost, Pike reported.
An executive summary of the report is available for free download at www.pikeresearch.com.
Ikea goes solar with Gloria Solar in Covina, Calif.
Covina, Calif. — Ikea officially plugged-in the solar energy system installed at its store in Covina, Calif. The 57,000-sq.-ft. photovoltaic array consists of a 451-kW system, built with 2,002 panels.
Ikea contracted with Gloria Solar, the U.S. operating group focused on the photovoltaic business within the family of E-Ton Solar Group, for the development, design and installation of this customized solar power system
This investment by Ikea to purchase its solar photovoltaic energy system with Gloria Solar modules, and to install and operate it atop the Covina store it owns, will lower the carbon intensity of the electrical grid. It represents the 12th completed solar energy project for Ikea in the United States. Additional installations currently are underway at eight more locations in the Eastern United States.
The new system will produce approximately 651,800 kWh of clean electricity annually, the equivalent of reducing 495 tons of carbon dioxide, eliminating the emissions of 88 cars or powering 55 homes yearly.
J.C. Penney to renovate, expand Rock Hill Galleria store
Rock Hill, S.C. — The developers of Rock Hill Galleria, in Rock Hill, S.C., said Tuesday that the 470,000-sq.-ft. regional mall will initiate a comprehensive renovation and expansion of mall anchor J.C. Penney.
Construction will begin soon and is scheduled for completion in fall 2012.
J.C. Penney has been a key department store anchor at Rock Hill Galleria since 1991. The expansion will increase the store’s size from 51,600 sq. ft. to more than 83,000 sq. ft. and will move the department store retailer into its latest design format.
Rock Hill Galleria is also anchored by Belk and Sears, and features retailers such as Victoria’s Secret, Aeropostale, Hot Topic, Yankee Candle, rue21, Kay Jewelers and Bath & Body Works.