Insurance Firm

Business Activity: Personal and Commercial Insurance
Location: Nationwide
Project: Management Services, Energy Efficiency

A Fortune 100 insurance company with over $1 billion in property assets sought to reduce its considerable energy costs. The firm hired Sieben Energy Associates (SEA) to identify energy efficiency opportunities at 120 of their corporate locations and develop a practical management strategy to achieve their energy cost reduction goals. They also enlisted SEA to evaluate energy purchasing options across their portfolio.

The SEA energy management team created a custom database to analyze historical energy information from each of the 120 target locations. SEA worked with the client to prioritize sites in terms of energy efficiency need. SEA’s engineering team performed on site energy audits at high-priority locations. Audits were conducted with facility staff from the remaining locations via telephone. SEA concentrated the necessary resources on each site and moved the project forward efficiently. This twofold approach made sure that each site’s energy savings potential was realized and maximized the client’s return on investment.

SEA used data from the energy audits to develop custom energy management plans and recommendations for each facility. In addition, SEA delivered an energy performance-tracking tool to meet the client’s distinct needs. This tool gauged progress toward each site’s energy cost reduction goals and facilitated internal report generation. SEA benchmarked the client’s portfolio-wide energy data to gauge energy efficiency relative to similar buildings. The client also engaged SEA to provide due diligence analysis on potential portfolio acquisitions, ensuring properties’ energy costs were accurately accounted for prior to investment.

The project produced impressive results thanks to SEA’s expertise and the client’s engagement in the project. The client achieved annual energy savings of greater than 10% at the audited facilities, and the payback period for all implemented efficiency measures was less than one year. The demonstrated energy reduction at some properties also led to a significant increase in the sites’ asset value. Overall, the project produced significant energy savings with an ideal return on investment. SEA’s energy management team provided the client with the ongoing tools and services to continue optimizing energy use portfolio-wide.