Partner Energy – LABJ#23 Fastest Growing Private Company

Partner Energy, Inc. a nationwide energy-efficiency engineering company, was named the No. 23 Fastest Growing Private Company in the Los Angeles area in the annual top 100 ranking published by the Los Angeles Business Journal (LABJ).

Partner Energy, Inc.’s two-year revenue growth rate of 100 percent, placed the company in the top quarter of the list.

“We have seen strong growth the past few years, particularly in our Green Lending services and Green Certification consulting. We’ve been engaged by many new clients and expanded the services we provide to many of our current customers,” said Kelsey Shaw, Director and Senior Client Manager. “This reflects our company’s responsiveness to the changing energy-efficiency industry and mirrors the growth seen in Green financing across the country.”

Founded in 2009, Partner Energy, Inc. is an industry leader in the energy efficiency industry.  Partner Energy is known for its expertise in the areas of green financing opportunities, regulatory compliance, building portfolio services, and rebate/incentive programs.

“We are honored and excited to be recognized by the LABJ as one of the fastest-growing privately-held companies in the Los Angeles area. I believe a key to our growth and success has been our unrelenting commitment to our client’s needs and dedication to providing them with quality services that match their efficiency, sustainability and financial goals. As our company continues to grow, we strive to maintain our customer focus and always provide tremendous value to our clients,” stated Partner Energy President and founder, Tony Liou.

About Partner Energy, Inc.

Partner Energy, Inc. is a nationwide provider of energy efficiency and sustainability consulting services for existing buildings and new construction. Our dedicated team of professional engineers, architects, and certified sustainability professionals provide energy audits, benchmarking studies, , green certification and design consulting, and commissioning and retro-commissioning services for thousands of properties around the country each year. We work with building owners and users to increase asset values, lower ownership costs, and promote environmental stewardship. Partner Energy, Inc. is a Small Business Enterprise and a Minority-Owned Business.

About the Rankings

The Los Angeles Business Journal annually ranks the top privately held companies headquartered in the greater Los Angeles area based on percentage revenue growth.  The LABJ released the final rankings at their 22nd annual Fastest Growing Private Company awards held on November 7th at The Reserve in downtown Los Angeles.

FHFA RELEASED NEW GREEN LENDING REQUIREMENTS FOR 2019

The Federal Housing Finance Administration (FHFA) just released new requirements for the 2019 Fannie Mae and Freddie Mac Green Lending Programs. The new requirements may increase the implementation cost of these loans for some borrowers. However, with careful consideration of the type and quantity of energy-saving and water-saving measures implemented, this cost can be minimized.

Partner Energy believes that even with these new requirements, the interest savings offered by Green Loans means they are still a favorable financing choice for most clients.

CURRENT 2018 FHA REQUIREMENTS

The 2018 FHFA requirements state that borrowers must achieve EITHER a 25% reduction in energy consumption OR a 25% reduction in water consumption. Most borrowers met this requirement in the most cost-effective way by implementing only water-saving measures – typically upgrading shower heads, faucets, toilets and at times, improving irrigation systems or landscaping.

NEW 2019 FHA REQUIREMENTS

The 2019 FHFA requirements state that borrowers must achieve an overall 30% reduction in energy AND water consumption with a minimum of 15% this reduction coming from energy consumption. Obviously, this means that both energy-savings measures and water-savings measures will need to be implemented to meet lending requirements. Furthermore,  FHFA requires that the borrower engage a third party to help collect and process utility data for use in energy star portfolio manager prior to loan close.

IMPACT TO BORROWERS

The old requirements favored the implementation of water-savings measures alone to meet the 25% consumption reduction requirement. The typical cost of implementation was approximately $300-$500 per unit. A significant amount of that cost usually came from replacing a toilet and the remaining from upgrading shower heads and faucets. Since the new requirements require that at least 15% energy savings is achieved, we anticipate that most borrowers will shift away from toilet replacement ($200-$400 unit) and use those cost-savings to make interior and exterior lighting upgrades (which tend to be the most cost-effective and high-impact energy-saving measure to implement).  While lighting upgrades may be slightly more expensive than toilet upgrades, in the $250-$500/unit range, this increase will be mitigated somewhat by the cost savings of not replacing existing toilets. If it is impossible to achieve a 15% energy savings by only upgrading interior and exterior lighting, borrowers will need to consider other energy-savings measures such as replacing appliances, hot-water heaters, or HVAC systems. Since energy and water savings measures do not have to be implemented in every unit, your energy consultant can advise you on the quantity of units that need to be upgraded to meet the minimum requirements.

SUMMARY

Partner Energy believes that for most borrowers, FHA Green Loans are still a favorable financing opportunity despite the more stringent requirements now in place. That being said, it is more important than ever that borrowers consult with their energy consultant to determine the most cost-effective ways to meet the new requirements for FHA loans given each property’s condition and upgrade budget.

New York City Local Law 87

Energy Audits and Retro-Commissioning for Building Owners and Managers

As part of New York City’s Greener, Greater Buildings Plan (GGBP), Local Law 87 (LL87) mandates Energy Audits and Retro-Commissioning every ten years for all buildings over 50,000 square feet. LL87 provides building owners and managers insight into energy consumption and building performance with the goal of improving sustainability and decreasing energy waste.

 

Step 1: Energy Audit

A Partner Energy engineer will collect building energy data and catalog baseline HVAC systems, lighting and envelope conditions. The auditor will then identify capital improvements and/or system replacements that will save energy, along with measure-specific installation costs and energy cost savings. Typical measures include:

  • Lighting upgrade (e.g. fluorescent to LED)
  • Boiler replacement
  • Roof insulation

 

Step 2: Retro-Commissioning

A Partner Energy retro-commissioning agent will identify opportunities for tuning and repairing infrastructure that affect the building energy use. The City prescribes Retro-commissioning focus areas, which generally consist of low-cost measures such as:

  • Optimizing HVAC controls
  • Testing, sealing, and balancing ventilation systems
  • Ensuring or installing adequate pipe insulation

Building owners must implement corrections identified in the Retro-Commissioning study. These low cost modifications often result in significant savings with quick paybacks. Partner Energy has extensive experience working with property management staff to implement fixes, which improves performance and extends the useful life of existing systems.

The Energy Audit report identifies significant capital improvements and/or base system replacements if needed. However, the building owner does not have to act on improvements identified in the Energy Audit report.

 

Step 3: Energy Efficiency Reports

In the final step of LL87 compliance, Partner Energy finalizes and submits the Energy Audit and Retro-Commissioning reports to the NYC Department of Buildings to attain compliance.

 

When do I have to comply?

Buildings must comply with LL87 every ten years based on its Borough, Block and Lot number. The last number of the tax lot number is the compliance year. (e.g. if the building’s Block number is 01228, compliance forms must be submitted in 2018, 20128, etc.)

Forms are due by December 31st of the compliance year.

 

What is the penalty for non-compliance?

Non-compliance results in a $3000 fine issued for the first year and a $5000 fine for every subsequent year. LL87 Reports will only be accepted once all fines have been paid in full.

 

Partner Energy helps building owners and managers to identify, capitalize and implement accretive energy efficiency, renewable energy and sustainability projects nationwide. For more information about Partner Energy’s services, please contact the sales team at (888) 826-1216 or via email at sales@ptrenergy.com.

Partner Energy Ranked Among Top 100 Minority-Owned Businesses in LA County

For the second year in a row, Partner Energy, Inc. (Partner Energy) has made LA Business Journal’s list of Top 100 Minority-Owned Businesses in Los Angeles County.  Partner Energy ranked #71 on this list, which ordered companies in terms of 2017 revenue.

As noted in the LA Business Journal article, Los Angeles County “is home to the largest cohort of minority-owned businesses in the United States.” Partner Energy was founded by Tony Liou, a Chinese-American entrepreneur, who currently serves as the company’s President.  The company is proud to be featured on this list among  corporations like Forever 21 Inc. (#1) and Panda Restaurant Group (#2) – both of which employ over 30,000 personnel.

Partner Energy Opens Newark, NJ Office

Newark office will provide on-the-ground support for New York and New Jersey clients and expand ability to meet the increasing demand for energy efficiency and sustainability services.

NEWARK, N.J. – April 6, 2018 – Partner Energy, a nationwide provider of energy efficiency engineering and sustainability consulting services, has opened a new office in Newark, New Jersey. Located on the 19th floor of One Newark Center, their local team is minutes away from New York City and the greater metropolitan area.

With its headquarters in Los Angeles and an expanded East Coast presence, Partner Energy is well positioned to offer a wide array of energy efficiency and sustainability solutions nationwide.

“Demand for energy efficiency engineering and sustainability consulting services has substantially increased in the New York and New Jersey area because of the prominence of real estate loan programs offered by HUD, Fannie Mae, Freddie Mac, low income tax credits and municipal requirements for energy audits and benchmarking. Partner Energy expanded our presence in the New York and New Jersey area to better support our clients and the local market,”

 

Tony Liou, President of Partner Energy.

 

https://www.prlog.org/12700098-partner-energy-opens-newark-nj-office.html

Partner Energy works with building owners and managers to identify, capitalize and implement accretive energy efficiency, renewable energy and sustainability projects, including:

  • Regulatory Compliance (LL84, LL87 and NYC Energy Code)
  • Energy Audits
  • Feasibility Studies
  • Commissioning
  • Retro-Commissioning
  • Green Building Certifications (e.g. LEED and Energy Star)
  • Affordable Housing Sustainability Requirements (e.g. the new Integrated Physical Needs Assessment (IPNA) protocol)

For more information about Partner Energy’s services, please contact the sales team at (888) 826-1216 or via email at sales@ptrenergy.com.

NYC skyline view from Partner Energy's office

Pictured: NYC skyline view from Partner Energy’s office (courtesy of Kurt D’Angelo, Partner Energy)

Green Lending and Multifamily Incentives in the Greater NYC Area

Partner Engineering and Science’s, Melissa Dahl recently wrote an blog post encouraging borrowers to take advantage of green lending and multifamily incentives in the greater NYC area.

The multifamily green financing programs within both Freddie Mac and Fannie Mae have been extremely successful, with Fannie Mae closing on 500 green multi-family transactions through October 2017. Implementing green efficiency measures includes specific percentage reduction in water and energy use, benchmarking, and even air quality.

 

The demand for energy-efficient buildings in the commercial real estate market place is bigger than ever. There is a substantial shortage of energy-efficient properties, especially as more concrete data demonstrates the ROI of energy benchmarking and efficiency investments. This is resulting in more pressure from investors and tenants on pension funds and investment portfolios to have sustainable properties. There is more interest in improving existing stock: buildings certified as “green” or “efficient” increased from 5% in 2005 to 38% last year in the top 30 U.S. markets. There is even a new ASTM standard in the works for better energy efficiency in building roofs. Nowhere is this commitment towards efficiency more evident than in multifamily green lending programs. In their newly announced 2018 lending caps, Freddie Mac will be excluding Green Up and Green Up Plus loans, provided that energy and water usage are reduced by 25%. This is great news as Freddie’s green programs will not have to abide by the FHFA’s reduced lending caps and can therefore top their robust year in 2017.

 

Blog Post

Partner is a full-service engineering, environmental and energy consulting and design services throughout the Americas, Europe, and around the globe. Our team of engineers and industry professionals have a deep knowledge of agency lending requirements and can navigate any part of the process.

Developers are betting big on energy-saving buildings

Energy efficiency, green building, green financing

Tony Liou weighs in on the new role energy efficiency plays in Commercial Real Estate:

In the past, institutional investors would qualify managers by investments and returns, according to Tony Liou, president of Partner Energy.

“Now it is, ‘What is your sustainability plan?’ ” Liou says. “They want to know what you are going to do to make [a building] more sustainable.”

2017 Multifamily Green Building Primer:
How New Energy Codes, Green Policies, and Programs May Impact Your Properties

2017 Multifamily Green Building Primer

Please join us on Tuesday, February 21st for our 2017 Multifamily Green Building Primer Webinar!

We will be going over changes in:

  • CA T24 Energy Guide,
  • 2016 CALGreen
  • 2017 CTCAC Regulations
  • Agency Program Requirements (Fannie Mae, Freddie Mac, HUD)
  • Net-Zero (CA 2020 Goals) and More!

2017 Multifamily Green Building Primer:
How New Energy Codes, Green Policies, and Programs May Impact Your Properties.

Tuesday, February 21st, 2017 at 11 AM PST
RSVP Here

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Vermont Villas Wins Gold Nugget Award

Gold Nugget Awards
Partner Energy’s project, Vermont Villas was awarded the Grand Award at the 2016 Gold Nugget Awards presented by PCBC. The project won under the category Best Seniors Housing Community – Assisted Living/ Special Needs / CCRC. Located in Los Angeles, CA, the property provides supportive housing for special needs and Veteran seniors who are chronically homeless and those who may also be disabled.

The 53rd Annual Gold Nugget Awards recognize those who improve communities through exceptional concepts in design, planning, and development.

Working alongside Partner Energy are the builders for the project, Affirmed Housing and PATH Ventures, Withee Malcolm Architects, and planner Darsono Design Associates.

 

 

 

Partner Energy Ranked among Largest Environmental Engineering & Consulting Firms according to Los Angeles Business Journal

Partner Energy Los Angeles Business JournalPartner Energy is ranked #21 out of 30 companies on Los Angeles Business Journal’s list of largest Environmental Engineering & Consulting Firms in LA County. The comprehensive list is ranked by number of LA County employees and reflects companies that are ‘powering ahead of the competition’.

Ranked #1 is Tetra Tech Inc., which has 450 employees in the Los Angeles county area. Other notable companies include Arcadis, which has 400 LA County employees and Aecom, which has 150 employees. Partner Energy’s sister company, Partner Engineering and Science, Inc. is ranked at #5.