$100M in savings is a significant milestone for NexRev as it reinforces the proven energy reduction technology behind DrivePak and its substantial contribution to our clients’ overall energy management strategies.
Plano, Texas (PRWEB) May 19, 2016
NexRev LLC, experts in improving energy efficiency and reducing utility and operational costs for retail, entertainment, commercial, industrial and institutional facilities, announced today the company’s flagship HVAC energy reduction solution—DrivePak—has saved customers $100 million since its introduction to the market in 2008. This amount represents a savings of nearly 1 billion kWh and 700,000 metric tons of carbon dioxide, the equivalent of removing 140,000 cars off the road for one year.
“$100M in savings is a significant milestone for NexRev as it reinforces the proven energy reduction technology behind DrivePak and its substantial contribution to our clients’ overall energy management strategies,” Josh Riddle, NexRev Vice President of Operations, said. “Since it first hit the market, DrivePak’s popularity has grown tenfold due to its straightforward savings potential and very attractive ROI.”
DrivePak is the preferred choice of HVAC retrofit technology among the nation’s largest retailers and theatre chains. DrivePak upgrades rooftop HVAC unit fans from constant full-speed operation to load-matching multiple speed operation. The disciplined application of DrivePak’s technology delivers consistent reduction in total energy savings while improving occupant comfort. These significant HVAC energy cost reductions are tracking an overall facility energy savings of 13-22%.
“DrivePak’s 30,000+ installs and solid patterns of energy reduction in the retail and entertainment sectors are the foundation for NexRev’s expansion into new markets and channels,” Rodney Anthony, NexRev Vice President of Business Operations, said. “As such, NexRev has a growing international customer base, and DrivePak is entering a variety of new markets at a local level via the NexRev Dealer Network.”
DrivePak’s performance contributes to improved operational efficiencies, reduced carbon footprint, and extended life cycle of costly mechanical equipment, oftentimes by many years.
About NexRev LLC
NexRev LLC is a Plano, Texas-based privately-held company dedicated to reducing energy usage and improving energy efficiency for multisite national facilities and to regional markets through a qualified network of authorized dealers.
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.