Octus and Quantum projects include 60% energy savings through a smart lighting project for a hospitality chain, which is expected to generate projected annual savings 231,191kWh and a carbon reduction of 162.5 metric tons; and 67% energy savings through a smart lighting project for a retail shopping mall, resulting in a 93% ROI, a payback period of 1.1 years, annual savings 231,778kWh, and a carbon of 162.5 metric tons.
The other two projects include 56% energy savings through a smart lighting project for a church and school, resulting in a 1.4-year payback, annual savings of 58,068kWh, and a carbon reduction of 40.82 metric tons; and a smart energy project for a national hospitality chain employing multiple measures and a rebate from a local utility company, generating 53% ROI and a simple payback period of 1.9 years.
Chris Soderquist, CEO of Octus said: “ Smart energy measures generate significant savings, reduce an organization’s carbon footprint, and enhance the amenity and quality of facilities.
“These projects are solid, diverse examples of how Octus and Quantum can help fiscally prudent, environmentally conscious organizations achieve a triple bottom line: Do good, save money and improve the operation of their buildings. In short, we make energy smart.”
On October 4, 2009, Octus and Quantum announced a joint venture to commercialize Octus’s proprietary Smart Energy Platform (OctusSEP) and collaboratively pursue a deep pipeline of energy-efficiency and alternative energy projects. The four smart energy projects represent the initial collaborative engagements between Octus and Quantum.
