by Rebecca Walker — April 18, 2011—Newmark Energy Solutions, LLC, a provider of sustainable energy for commercial real estate, has formed strategic relationships to market, deliver, maintain and warranty advanced fuel cells to commercial real estate markets in the United States.
The relationship, which includes UTC Power Corp., Newmark Knight Frank, and Austin Energy Partners Solutions, LLC. was announced by Paul Frischer, CEO of Newmark Energy Solutions.
As the exclusive distributor of UTC Power stationary fuel cell units in the United States, Newmark Energy Solutions will permit, design, finance, construct, and operate a fleet of UTC fuel cells that will grow at a rate of 20MW installed capacity per year.
The Newmark Energy Solutions platform provides the following benefits for property owners: cost reductions of 20 to 30 percent over a 10-year period, a 50 percent reduction in a property’s carbon footprint, and significant cost reduction for heating and cooling through the provided cogeneration. In addition, under a Power Purchase agreement or Energy Service agreement there is no upfront capital investment.
UTC fuel cells have been installed at over 300 locations worldwide with more than 9.6 million hours of operation and 1.6 billion of kWh of operating experience. The technology is being used at One World Trade Center (Freedom Tower), currently under construction in Lower Manhattan.
The distributed generation units — measuring 8 feet by 28 feet — can be provided under an Energy Service agreement or Power Purchase agreement from Newmark Energy Solutions on a kilowatt hour basis. In this way, property owners pay a fixed charge for their energy over 10 years, can extend for an additional 10 years, and house the unit in their building or campus. The cost for electricity from fuel cell technology is consistent with current-day prices for utility electricity and better in the future. It also has the advantage of pricing control and benefits to the environment.
For more information, see the Web site.
