Skip to content

Deal Spotlight

ESA Financing for Energy Effiency and Resiliency After Superstorm Sandy

$ 0
Annual cost savings
0 %
Projected energy savings
0 %
Projected GHG savings

The Building: 125 Maiden Lane

Building type

Building size
1 building
320,000 square feet

Year built

New York, NY

Project type
Energy efficiency

Building management systems, HVAC

NYCEEC loan product

9.5 years

Closing date
November 2011 & May 2014

The Project

SCIenergy provided a turnkey energy efficiency retrofit solution with a managed energy services agreement (ESA). The project was severely impacted by Superstorm Sandy with all of the new equipment flooded. In the post-Sandy rebuild, NYCEEC provided a $2.8 million loan to refinance the ESA structure and fund deeper energy efficiency improvements and resiliency measures including State-of-the-art digital controls, building management system, high-efficiency variable speed motors, floor isolation dampers, and district steam to gas conversion.

Total Project Cost

$3.8 M

Other Sources

$1 M


$2.8 M

Annual Savings


The Results

125 Maiden Lane is significantly improving its energy performance and resiliency at no initial cost. The project preserved the building’s cash reserves while reducing energy utilization by 19% and resulting in significant energy cost savings.