Burlington, Ontario, 08-March-2011 – Energy Advantage Inc., a leading energy and sustainability management provider, today announced that Morguard has selected Energy Advantage to help them establish and operate a comprehensive energy and environmental data management solution for their commercial and retail properties across Canada.
Morguard is one of Canada’s largest integrated real estate companies with a diversified portfolio of more than $10 billion in properties owned or under management. With a corporate-wide sustainability initiative underway Morguard recognized the importance of establishing a comprehensive energy and environmental data foundation in order to track and manage their portfolio’s carbon footprint, energy consumption, and other related environmental building data metrics with the highest degree of operational efficiency and confidence.
“We greatly appreciate the opportunity to work with one of Canada’s leading integrated real-estate companies and help them bring their sustainability strategy to life”, says Chris Ridabock, President and COO, Energy Advantage Inc. “The real estate industry is a key focus area for our Company and the opportunity to work with an industry leader like Morguard further reinforces our commitment to this important Canadian business sector”.
Energy Advantage’s data management solution will collect, track, analyze and report on Morguard’s portfolio-wide energy and environmental data in a manner which supports building operations management and corporate information needs alike. The data management solution is complemented by Energy Advantage’s total energy use life-cycle and related environmental expertise including the understanding of complex utility bill information. This total solution approach will help Morguard identify cost savings and provide them with the transparency and accuracy they require to confidently report their energy and environmental data to major stakeholders.
“We were looking for a solution that was scalable, flexible and easily adaptable to our business and reporting structures”, says Neil Pegram, Morguard’s Corporate Sustainability & Responsibility Manager. “This solution not only has to track our carbon footprint and energy consumption at an individual property but at a regional and portfolio level. Energy Advantage’s data management solution provides this level of detail for us and, most importantly, is further enhanced by their overall expertise in energy and environmental management. This expertise will help us analyze our data to make informed decisions in support of our sustainability strategy”.
About Energy Advantage Inc.
Energy Advantage has a proven track record in delivering comprehensive energy and environmental management solutions to large-scale, multi-facility North American organizations. As a fully independent organization that sits on its ‘customers’ side of the table, Energy Advantage provides managed data services, analysis and solutions which help its many longstanding customers make informed business decisions to achieve improved risk management, lower costs and reduced environmental impact. Energy Advantage has helped its customers across the commercial, industrial and institutional sectors reduce their energy costs by up to 20%, representing $10’s of millions in tangible benefits. For more information visit www.energyadvantage.com.
Morguard is one of Canada’s leading fully integrated commercial real estate firms. With more than $10 billion in assets owned and under management, Morguard provides a comprehensive range of investment, property management, acquisition, development and leasing services. Morguard’s diversified portfolio includes over 50 million square feet of office, industrial, retail, residential and mixed-use properties. For more information visit www.morguard.com.