SL Green furthers commitment to energy efficiency with Seesmart LED lighting

LED lighting manufacturer Seesmart Technologies Inc. (SEST) announced today that it has been selected by SL Green Realty Corp. (SLG), New York City's largest commercial property owner, to install it's industry leading LED lighting products throughout 21 commercial office properties, as part of one of the nation's largest LED lighting efficiency projects.SL Green is furthering their commitment to energy reduction and sustainability by replacing over 16,000 fluorescent, incandescent and halogen light bulbs with energy efficient Seesmart LED lighting solutions in 21 of their NYC properties.
In March, SL Green installed 7,500 LED units within 16 suburban division (Reckson) buildings, totaling more than 2.5 million s/f in its Westchester & Fairfield County portfolios including 360 Hamilton Ave. and 140 Grand St. in White Plains; 200 & 500 Summit Lake Dr. in Valhalla; and 680/750 Washington Blvd. and Landmark Sq., in Stamford, Ct.Financial savings are estimated to be in excess of $630,000 annually while providing a superior quality of light and a significant improvement in the longevity and performance compared to their existing lighting. The project will also generate an additional $125,000 in labor and material savings. The combined annual savings will be in excess $745,000.
In a recent interview with Kenneth Ames, CEO of Seesmart Technologies Inc., he said, "Seesmart is pleased to support SL Green Realty Corp., to utilize our cutting edge LED lighting products to maximize energy efficiency and savings throughout its portfolio. The selection of Seesmart is a testament to the market leading efficiency, quality and service we provide to our customers"Lighting represents approximately 25 to 30 percent of total energy cost in the commercial real estate industry. By implementing Seesmart LED lighting solutions, SLGreen will reduce energy costs by more than 50 percent and extend lamp life by as much as 10 times the average life of traditional lighting products equating to about 8 years.
Jay Black, sustainability Director at SL Green said, "LED equipment allows us to significantly impact life-cycle costs, affecting energy use and lamp life, 90% of lighting's life-cycle costs, will yield a project payback of only three years, providing $4.5 million in total life-cycle savings."According to John Barnes, senior VP and senior director of Reckson, a division of SL Green, "Through our market-leading program, the LED retrofit is the latest example of how we are utilizing sustainability to improve our business. It saves both SL Green and our tenants money, reduces energy waste and contributes to our best in class experience."With the latest massive LED lighting retrofit utilizing Seesmart LED lighting solutions I wanted to understand how a leader in sustainability with numerous citations for energy reduction determines the best energy efficient products and services from all the competitors emerging in the marketplace today.