CHICAGO- (January 10 2017) — The Federal Reserve Bank of Chicago’s Detroit Branch recently earned the U.S. Environmental Protection Agency’s (EPA) ENERGY STAR® rating. This certification validates that the building performs in the top 25 percent of similar facilities nationwide for energy efficiency, while meeting strict EPA-regulated energy-efficiency performance levels.
"We are pleased to accept EPA’s ENERGY STAR® certification in recognition of our energy-efficiency efforts,” said Thomas Woodbury, Detroit’s Building Manager. "Through this achievement, we have demonstrated our commitment to environmental stewardship while also lowering our energy costs.”
Commercial buildings that earn the EPA’s ENERGY STAR® certification use an average of 35 percent less energy than typical buildings and also release 35 percent less carbon dioxide into the atmosphere. The Detroit Engineering staff improved its energy performance by managing energy strategically, as well as making cost-effective improvements to its building.
In order to earn the ENERGY STAR® rating, Detroit’s engineering staff added a more energy-efficient boiler to improve the system of large boilers installed during the building’s initial construction. The team also replaced older lighting with LED fixtures and modified the control systems to maximize energy-efficiency. These improvements reduced an amount of greenhouse gas emissions that is equal to what would be generated by the annual electricity use from 306 households.
EPA’s ENERGY STAR® energy performance scale has helped organizations assess how efficiently their buildings use energy since 1992. Today, the ENERGY STAR® label can be found on more than 65 different kinds of products, 1.4 million new homes, and 20,000 commercial buildings and industrial plants.
Federal Reserve Bank of Chicago Background
The Federal Reserve Bank of Chicago is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up the nation’s central bank. The Chicago Reserve Bank serves the seventh Federal Reserve District, which encompasses the northern portions of Illinois and Indiana, southern Wisconsin, the Lower Peninsula of Michigan, and the state of Iowa. In addition to participation in the formulation of monetary policy, each Reserve Bank supervises member banks and bank holding companies, provides financial services to depository institutions and the U.S. government, and monitors economic conditions in its District.
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