Being able to upgrade the efficiency of existing equipment, potentially extending its life and delaying equipment replacement is huge for our customers, as is immediately reducing their energy spend.
Plano, Texas (PRWEB) April 21, 2015
NexRev Inc., experts in improving the energy efficiency and reducing utility costs for the country’s leading retailers, announced today a cost-savings milestone. Their installed base of their flagship HVAC retrofit product, DrivePak™, passed the $1.00 saved per second mark. At this pace, DrivePak will save NexRev customers over $30 million in 2015. Dollar value calculations are based the U.S. national average electricity price of $0.10 per kWh.
DrivePak is the preferred choice of Variable Frequency Drive (VFD) retrofit technology among the nation’s largest retailers and theatre chains. DrivePak VFD retrofit technology upgrades rooftop HVAC unit fans from constant full-speed operation to load-matching multiple speed operation. This upgrade provides a consistent reduction in total energy savings while improving, not decreasing, occupant comfort. These significant HVAC energy cost reductions are showing up as overall facility energy savings of 13-22% for many customers.
“This is a significant energy efficiency achievement for DrivePak. Our national accounts customer base has a true appreciation of the financial results from this optimization of their existing equipment,” Josh Riddle, NexRev Director of Operations, said. “Being able to upgrade the efficiency of existing equipment, potentially extending its life and delaying equipment replacement is huge for our customers, as is immediately reducing their energy spend.”
NexRev previously announced the milestone of installing its 25,000th DrivePak unit in Woodbridge, New Jersey.
About NexRev Inc.
NexRev Inc. is a Plano, Texas-based privately-held company dedicated to reducing energy usage and improving energy efficiency for multisite national and regional facilities. Since 1994, NexRev has partnered with major retailers, entertainment venues, data centers, banks, telecommunication hubs, power plants, restaurants, government and military installations. The company’s flagship HVAC retrofit product, DrivePak™, has enabled these customers to reduce their total electrical usage up to 20 percent, and the Freedom energy management solution meets the unique needs inherent with integrating and managing hundreds or even thousands of locations.