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MCEnergy prez Meg Carey
There’s a wind of change in the market encouraging owners and tenants to look at their energy usage. MCEnergy prez Meg Carey, who’s been working in the CRE energy arena for three decades, credits this to three trends: First, clients want to save. Even though energy prices have stabilized, there’s still chance for volatility, and the openness of the energy markets and possibility of carbon tax credits further incentivize companies. Second, NYC’s Greener, GreaterBuildings Plan is promoting submetering and benchmarking, since all buildings must have an Energy Star rating and carbon emission report by August 1. And lastly, there’s been a cultural change and shift in attitude for both public and private companies, who now want to focus on sustainability. (Thanks to Grand Central Terminal's Ahae exhibit for the perfect green backdrop).
100 Park Avenue, New York, NY
Meg works with numerous Fortune 500 companies and NYC landlords—many times, across entire portfolios—to assist in energy procurement and budgeting. She brokered a deal between Malkin Holdings and Green Mountain Energy Co to purchase 100% wind power for the Empire State Building; the two-year contract will help the iconic tower avoid nearly 100M lbs of carbon dioxide emissions each year, equivalent to nearly every house in the state shutting its lights off for a week. SL Green, which owns buildings like the LEED-EB Silver certified 100 Park Avenue (above) is another. One of her earliest clients to embrace sustainable practices was the Philadelphia Eagles, which she says was one of the first to purchase a green energy contract.