Kimco teams with utility company to study energy use at retail centers
Publish Date: June 14, 2013
Kimco Realty and Pacific Gas & Electric Co. are collaborating on an effort to identify energy-efficient improvements to leased retail spaces based on a pilot study of energy use at Kimco’s Westlake Shopping Center, in Daly City, Calif.
Kimco data show that upwards of 85 percent of the energy used in its shopping centers derives from tenant operations. Landlord-controlled common-area usage accounts for the rest. “As a real estate sustainability leader, our goal is to identify energy-efficiency improvements that will have the greatest impact, while developing investment models that will best serve the shopping center industry,” said Will Teichman, Kimco’s director of sustainability.
“PG&E is proud to partner with Kimco on this innovative project to reduce energy usage in their retail operations,” said Jess Brown, director of energy solutions and service for PG&E. “By expanding the focus beyond common areas in shopping centers to include tenant-occupied spaces, we will be able to help them achieve even greater energy savings.”
Kimco selected the 686,000-square-foot Westlake as a pilot site because of its location within PG&E’s service territory and because Kimco has already been implementing efficiency solutions at the property. These include installation of energy-efficient lighting and the introduction of a system for monitoring common-area electricity use. Westlake is set to introduce the San Francisco Bay Area’s first eVgo Freedom Station this month, offering both a standard 240-volt electric-vehicle charging device and a DC Fast Charger to provide a nearly full charge in about 30 minutes.