HomeSmart BuildingsAutomationRudin uses Nantum OS to reduce strain on NYC energy grid

Rudin uses Nantum OS to reduce strain on NYC energy grid

Rudin Management Company, which owns and manages one of the largest privately owned commercial and residential property portfolios in New York City, recently answered New York grid operators New York Independent System Operator (NYISO) and ConEd’s call asking CRE landlords to help beat the summer heat. A string of 90-plus degree days strained the grid as New Yorkers lowered their thermostats, leading grid operators to warn that high electricity demand could outpace supply.

Both CRE owners and tenants can help maintain the electric grid by reducing electricity demand during peak periods of stress. Demand Response (DR) programs ask power customers to voluntarily decrease their energy demand in exchange for financial incentives for a certain period. Recently, new technologies and automation have helped utilities and power customers more reliably take part in these programs.

Rudin Management participated in the summer’s first week of New York City’s DR events through Prescriptive Data’s Nantum OS, a platform that optimizes a building’s operational performance while saving energy, reducing carbon emissions and lowering costs without sacrificing occupant health or comfort. With Nantum, the building’s energy use fell far below the curtailment targets.

“Rudin Management is at the forefront of adopting advanced building technologies that utilize automation for grid flexibility as well as energy reduction,” said Cindy Zhu, Director of Grid Services at Prescriptive Data. “As climate change causes summer temperatures to soar, our electric grid is feeling the strain more than ever. There has never been a more urgent time to seize opportunities to reduce energy load during times of grid constraints to improve grid reliability. We’re proud Nantum enables building operators to maximize on these opportunities while providing benefits to the grid.”

Sustainability needs ROI

Rudin enlisted Prescriptive Data’s expertise to participate in the NYISO’s Special Case Resources (SCR) program and Con Edison’s Commercial System Relief Program (CSRP) and Distribution Load Relief Program (DLRP) during the summer DR season.

“Buildings that interact with the grid create new opportunities to maintain grid reliability during peak energy usage periods and to reduce costs for building owners and operators and utility companies during critical times in New York City’s power supply,” said Gene Boniberger, SVP of Operations of Rudin Management Company. “The ability to modify energy use depending on cost and carbon intensity ensures the grid supply stays balanced. It also optimizes renewable energy generation capacity and distribution within the grid at scale.”

Since Rudin is a Nantum OS customer, it can use Nantum’s free Automated Demand Response (ADR) application to curtail load automatically when called upon by the utility. The module shows a baseline calculation engine that is unique to every utility territory’s DR program. Building operators can use this calculation to measure their demand curtailment performance in real time so they can maximize the number of financial incentives they receive for decreasing the load.

Once enrolled and enabled, program participation is automated. After Nantum OS gets the signal, it automatically prioritizes energy curtailment measures that match the agreed-upon commitments.

Rudin’s building operators use the DR app to monitor performance in real-time against their DR commitments. Prescriptive Data enrolls Nantum DR customers into their programs of choice while allowing customers to keep 100 percent of their DR incentive revenue.

Rudin uses Nantum outside of DR events

 Rudin’s energy management efforts are not limited to demand response events. The company uses Nantum’s Automated Demand Management (ADM) to manage energy demand continuously, reducing peak demand spikes and saving roughly seven to 10 percent in demand charges monthly.

The Nantum ADM app uses machine learning algorithms to forecast a building’s energy load based on historical performance and local weather patterns. For example, if a building is expected to set a new peak within a monthly billing period, Nantum will trigger curtailment measures automatically to avoid resetting the peak. This will create a flatter, more predictable energy load and significantly reduced peak demand charges on utility bills.

Rudin said it uses Prescriptive Data’s Nantum OS to optimize energy consumption and demand at 14 of its New York office properties through smarter building operations. The platform saves the real estate firm thousands of dollars and shows how grid-interactive, energy-efficient buildings can generate revenue and reduce operational energy use and emission reductions by millions of tons.

“Nantum ADR and ADM put Rudin’s assets at the forefront of grid flexibility and drive profitability,” Prescriptive Data said. “While results vary, using Nantum and committing to demand response programs have been proven to earn between $27,000-$107,000 per building annually, totaling almost $800,000 per year for the portfolio.”

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