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Rain McShane not easy bubble talk go going Green here in a moment since there's not much in the market talk about -- screen but one of the biggest and certainly best known buildings in the world is.
Going Green the Empire State Building right here in New York City and the guy in charge of the project would be Dave Myers is here in the studio president of building efficiency and Johnson Controls -- good morning glad to be there aren't so this is.
You know and I guess one of the ways to make people understand it would be this and we talk a lot about whether companies -- going Green what's their incentive to do so.
But many of us get.
Nor air conditioning -- and home I was thinking of it this way meaning essential air in the house you say the guy I know this is a lot upfront -- -- is gonna cost me a lot of money but -- won't be worth it for me.
On a grander scale how is it worth it financially for the apart stapled -- do what it's doing well the empire state buildings a great example it's an iconic building constructed in 1931.
And four years ago the under Anthony Malkin had a vision to say let's also make this one of the most efficient buildings in the world to Johnson Controls with a lot of partners -- focused on how we can make that happen.
And what they were able to do is put in a lot of energy efficiency techniques.
That delivered sound financial -- -- here we are one -- after the completion of the project having demonstrated.
The savings are tangible that was initiated the myself -- your contract was like twenty million dollars and not even sure of the duration.
Of that for twenty million dollars and how much do you save the empire state of and one of the financials -- -- in terms what you can disclose are our contract was twenty million dollars and what we've guaranteed.
There's a level savings in excess of 20% of their usage of energy.
Per year for fifteen years okay and in your wine we save 2.4 million dollars over and above a guarantee of 2.2 million dollars about console or a lot of other buildings Simon I know the answer is yes to -- to some extent but a lot of other buildings that exist that are old buildings like the apart -- -- here in new York and other cities are going this way -- what are the percentage -- went out this is a big build the skyscrapers -- in general here in New York what percentage of gone Green would you say.
Very very feel OK and what we wanted to do is demonstrate with Empire State Building that there is sound financial paid back to make energy efficiency investments.
We guarantee the outcome.
And what we've seen throughout the country as many examples of -- buildings anywhere from twenty to 70% savings have been achieved.
In energy use and in energy efficiency.
And done with south financial payback -- hope to sign up more bull headed back to talk about it but day thank you for coming in today should be -- you from my Johnson can.
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