Trane New York / New Jersey
Event Archive:
Morgan Stanley Event
Purchase, NY, Jun 27, 2006
Morgan Stanley Uses Innovative Ice Storage System
New York State Energy Research and Development Authority provides assistance to help lower peak energy and natural gas use while improving site resiliency
Purchase, NY - June 27, 2006 Morgan Stanley, one of the worlds largest diversified financial services companies, was recognized today by State and County officials at its Purchase facility for installing the New York Metropolitan areas largest ice storage based air-conditioning system, which delivers dramatic energy savings.
Peter R. Smith, President and CEO of NYSERDA said NYSERDA offers financial and technical assistance initiatives to help with identifying and installing projects which address the energy efficiency needs of our partners in a way that improves the environment and lessens our dependence on foreign oil. Morgan Stanley took the initiative to form a partnership with NYSERDA, Trane, and CALMAC and an innovative solution to tackle the companys energy needs through the use of an ice storage system was developed.
The New York State Energy Research and Development Authority (NYSERDA) presented Morgan Stanley with a ceremonial incentive check in the amount of $300,000. NYSERDA provides technical and financial assistance to businesses that reduce their energy costs and improve the reliability of the states electrical grid, especially in the New York metropolitan area where peak load demand reductions have a strong impact.
Morgan Stanley engaged the Energy Services group of Tranes New York New Jersey offices to develop an energy-saving solution. Trane, with technical and financial analysis support from ECM, proposed a thermal storage solution that would shift the sites electrical load from day to night. Electricity is more plentiful, less expensive and is generated more efficiently during the night or off- peak hours...
[Read More]