BofA To Cut Energy Costs 50% With Energy Management System

July 31, 2008

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Bank of America announced it’s investing in Field Diagnostics Services and will deploy the firm’s energy management system in 3,300 of its branches in the U.S.

The move is expected to save the bank 50 percent in energy costs and HVAC energy consumption, compared with using standard building control technologies, reducing the bank’s annual GHG emissions by an estimated 14,000 tons per year.

BofA says the move is part of the bank’s $20 billion, ten-year environmental commitment to promote sustainability in its operations.

FDSI is currently developing an upgraded enterprise software solution that can optimize energy costs and reduce onsite servicing by using data captured from networked heating and cooling units to automatically detect energy waste.

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