Keeping you up-to-date on the latest in renewable energy and sustainability.
Welcome to the November issue of the GEMM Energy Monthly Newsletter. We aim to keep you updated on the newest developments in renewable energy, sustainability initiatives, spotlight GEMM's ongoing initiatives, and offer insights that contribute to a better future.
Grid Resilience and Innovation Partnerships (GRIP) Program:
On Oct 18th, the U.S. Department of Energy unveiled the ambitious GRIP Program, getting up to $3.46 billion into 58 pivotal projects. This initiative is meant to improve the resilience and overall reliability of the electric grid. This would help lay a solid foundation for sustainable energy transitions. The GRIP Program is set to play a crucial role in ensuring a steady energy supply across the nation, thereby supporting economic stability and our collective stride toward a sustainable future
Industry Energy Efficiency Efforts:
A study released on October 29, 2023, says there is significant potential for global industrial sectors to enhance energy efficiency. From 2030 onward, industries have the potential to save an estimated $437 billion annually while simultaneously achieving a substantial reduction in carbon emissions through the adoption of energy-efficient measures. This will mark a win-win in the economic and environmental realms. The study helps show the tangible benefits of energy efficiency, not only as a cost-saving strategy but also as a critical step towards a sustainable future, showcasing smart business.
NYC LL97 Adjustments:
Building owners in New York City can now request adjustments to their building emissions limits under Local Law 97 if they qualify for special circumstances. The deadline is January 1, 2025.
Operational Energy Use: Buildings with specific operational characteristics that lead to increased energy use may apply for an adjusted emissions target for 2024-2029.
Healthcare Facility Provision: Not-for-profit healthcare facilities are eligible for adjusted emissions levels based on their 2018 reported data, supporting their critical services while advancing sustainability goals.
GEMM Energy's Initiatives in Urban Sustainability:
GEMM has been actively engaged in enhancing urban sustainability and compliance with emerging environmental regulations in New York City. One such initiative includes working with owners of affordable housing buildings throughout NYC to prepare for the upcoming changes and penalties associated with Local Law 97 (LL97). This law is part of the city's ambitious climate mitigation strategy aiming to significantly reduce greenhouse gas emissions from buildings, which are the largest source of emissions in NYC.
With LL97 taking into effect soon, GEMM is establishing partnerships that not only serve as a fine avoidance mechanism but also provide building owners with opportunities to fulfill various energy and wellness objectives, aligning with our goal to preserve the beauty of this world one building at a time.
We invite you to engage with us on our mission toward a better future. Follow our LinkedIn and subscribe to our newsletter for updates on our projects and the latest in renewable energy. Thank you for being a part of our community and joining us in our quest towards a sustainable future. We look forward to bringing you more updates in the coming month.
We're excited to continue this journey with you, by sharing news and insights on renewable energy, and charting our path toward a sustainable future. Stay tuned for our newsletter next month.
Nabil Rezqui GEMM Energy