{"id":1004472859,"date":"2020-08-23T16:06:32","date_gmt":"2020-08-24T00:06:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004472859"},"modified":"2020-08-24T10:59:54","modified_gmt":"2020-08-24T18:59:54","slug":"industrial-real-estates-slow-steady-steps-toward-electrification","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/industrial-real-estates-slow-steady-steps-toward-electrification\/","title":{"rendered":"Industrial Real Estate\u2019s Slow, Steady Steps Toward Electrification"},"content":{"rendered":"
\"\"

Paul Wellener, Vice Chairman & U.S. Industrial Products and Construction Leader Deloitte. Image courtesy of Deloitte<\/em><\/p><\/div>\n

Fully half of manufacturing leaders have targeted electrification of space and water heating by 2030, while 70 percent of respondents reported that they had agreed to move toward the electrification<\/a> of industrial processes, according to a recent executive survey by Deloitte.<\/p>\n

\u201cWe expect that there will be a continued transition toward electric sources for space and water heating in the coming decade,\u201d <\/em>said Paul Wellener, Deloitte vice chairman & U.S. industrial products and construction leader, and author of a research study titled \u201cElectrification in Industrials.\u201d Wellener added that the confluence of electric-powered facility heating and cooling systems and the rise of smart, connected building management systems are \u201ca powerful combination\u2014one that could be a catalyst for using electricity to optimize industrial spaces, including factories, warehouses, and offices.\u201d<\/em><\/p>\n

Further, sustainability-minded companies that have made commitments to reduce their carbon footprint in the properties they occupy are a catalyst for change. Improvements are most likely to be found in the retrofits than in all-electric new construction, with the speed of the overall market conversion being driven by clients, according to Wellener.<\/p>\n

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READ ALSO:<\/strong> Public-Private Collaboration Targets Decarbonization<\/a><\/p>\n

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So far, more than 1,600 industrial manufacturing projects globally have achieved LEED certification, 90 percent of them for new construction, according to the U.S. Green Building Council. The U.S. leads in LEED certifications, followed by Canada and China.<\/p>\n

State-Level Action  <\/strong><\/h2>\n

While the federal government has largely taken a back seat on climate leadership, many states are taking ambitious actions to reduce greenhouse gas emissions.<\/a> Fifteen 15 states and territories have taken action so far to adopt 100 percent clean electricity policies and greenhouse gas reduction programs. <\/p>\n

The New York State Energy Research and Development Authority (NYSERDA) states that electrifying the industrial real estate sector is a key component of the a statewide electrification program that aims to reduce greenhouse gas emissions 40 percent by 2030.<\/p>\n

As part of the initiative, NYSERDA is currently funding studies over the next three years and demonstration projects over the next two to five years to establish innovative solutions for electrifying the sector. Simultaneously, the state is encouraging the use of heat pumps, which have proven to be highly efficient and cost-effective for buildings with high cooling loads and for those without access to natural gas.<\/p>\n

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READ ALSO:<\/strong> Speeding the Transition to Renewable Power<\/a><\/p>\n

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Ed Rightor, Director, Industrial Program at The American Council for an Energy-Efficient Economy. Image courtesy of ACEEE<\/em><\/p><\/div>\n

Industry, transportation, and real estate each account for about a third of emissions and society\u2019s goal should be to keep Earth’s temperature from rising more than 1.5 degrees centigrade to 2 degrees centigrade. So says Ed Rightor, director of the American Council for an Energy-Efficient Economy\u2019s Industrial Program and an author of a recent ACEEE research report titled \u201cBeneficial Electrification in Industry.\u201d As such, companies, states, and communities are setting targets to reach those goals.<\/p>\n

Electrification from renewable energy sources can be useful in reducing greenhouse emissions. The report calls for \u201cconsiderable investment in electric infrastructure, energy storage, and interconnections to make electrification a viable beneficial pathway,\u201d <\/em>the key factors to achieving net-zero greenhouse gas emissions by 2050. <\/p>\n

Electrification Efforts<\/strong><\/h2>\n

Regional planning boards and states should find more ways to incentivize building owners and developers to focus on energy efficiency. That goal can be achieved by expanding incentive programs, as well as encouraging collaboration among utilities, grid owners and technology providers to increase adoption of efficient technologies like electric heat pumps and boilers, Wellner contends.<\/p>\n

\u201cThese electrification efforts should positively contribute to ESG goals for owners and operators, assuming that the changes are made as part of a deliberate initiative guided by a road map that targets a specific return on investment,\u201d<\/em> he said.<\/p>\n

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Francisco Acoba, Managing Director & National Practice Lead, Deloitte. Image courtesy of Deloitte<\/em><\/p><\/div>\n

According to Francisco Acoba, managing director & national practice lead for real estate and location strategy at Deloitte and an author of the report, grid-interactive efficient buildings are expected to have an increasing role. \u201c(They) use smart controls to flatten their load, manage energy to maximize onsite and offsite renewable energy use and optimize interactions with the grid by providing and monetizing flexibility as a grid service,\u201d<\/em> Acoba said.<\/p>\n

Grid-interactive buildings, retrofitting, or deploying new HVAC systems and installing new energy management systems may be challenged by the pandemic<\/a> across commercial real estate.<\/p>\n

But energy transitions take time. Over the last several hundred years, energy sources have evolved from wood to coal and petroleum-based products. The next transition, to renewables, is now in process, Rightor noted. \u201cIt’s not going to be fast, it’s not going to be easy,”<\/em> he noted. “And it’s going to require coordination across many different segments\u2014industry, vehicles, and buildings\u2014all three of those areas,\u201d <\/em>he concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"

The manufacturing sector\u2019s shift toward an all-electric future is documented in new studies by Deloitte and ACEEE.<\/p>\n","protected":false},"author":887,"featured_media":1004472865,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,23891,21786],"tags":[35311,32782,48758],"class_list":["post-1004472859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-national","category-sustainability","tag-aceee","tag-deloitte","tag-nyserda"],"acf":[],"yoast_head":"\nIndustrial Real Estate\u2019s Slow, Steady Steps Toward Electrification - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/industrial-real-estates-slow-steady-steps-toward-electrification\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industrial Real Estate\u2019s Slow, Steady Steps Toward Electrification\" \/>\n<meta property=\"og:description\" content=\"The manufacturing sector\u2019s shift toward an all-electric future is documented in new studies by Deloitte and ACEEE.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/industrial-real-estates-slow-steady-steps-toward-electrification\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-24T00:06:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-08-24T18:59:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Environment-industrial-abstract.-Image-via-Pixabay.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sibley Fleming\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/industrial-real-estates-slow-steady-steps-toward-electrification\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/industrial-real-estates-slow-steady-steps-toward-electrification\/\",\"name\":\"Industrial Real Estate\u2019s Slow, Steady Steps Toward Electrification - 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