- 0 Comments
- February 22, 2011
- by Nicole Bencomo
- Leave a comment
ATLANTA – February 22, 2011 – SERVIDYNE, INC. (Nasdaq: SERV), an energy efficiency and demand response company, today described the cost reductions and environmental benefits the Company estimates are now occurring as the result of an energy savings project it completed in 2010 for the Georgia Building Authority (GBA) as a subcontractor for another firm. Servidyne installed more than 20,000 energy efficient T8 lamps and premium high efficiency electronic ballasts at thirteen GBA-managed buildings in Atlanta, including the Georgia State Capitol and the Coverdell Legislative Office Building.
Servidyne estimates that the annual consumption of electricity in those buildings has been reduced by approximately 3,240,000 kWh as a result of its work, which is expected to save Georgia’s taxpayers approximately $260,000 a year in avoided utility costs. In addition, the Company estimates that these energy conservation measures have eliminated more than 5 million pounds of CO2 emissions from the atmosphere, equivalent to taking almost 325 cars off the road or saving nearly 660 acres of trees.
“As a Georgia-based company, we are particularly proud that we were selected to improve the energy efficiency of the historic Georgia Capitol Hill Complex, and thereby help our home state cut spending,” noted Todd Jarvis, Servidyne’s President and Chief Operating Officer. “This kind of initiative creates green jobs in local markets, and contributes to the State’s efforts to reduce the budget deficit by eliminating unnecessary annual expenditures.”
About the Georgia Building Authority (GBA)
The Georgia Building Authority (GBA) supports Georgia’s Capitol Hill Complex by providing comprehensive facility management services for the 48 buildings and various facilities located in in downtown Atlanta, including the State Capitol building, and the Governor’s Mansion in northwest Atlanta. GBA provides maintenance, renovations, housekeeping, landscaping, food service, event catering, recycling, parking, and building access services to state employees housed in GBA-managed facilities.
Established in 1925, Servidyne, Inc. is headquartered in Atlanta, Georgia, and operates globally through its wholly–owned subsidiaries. The Company provides comprehensive energy efficiency and demand response solutions, sustainability programs, and other products and services that significantly enhance the operating and financial performance of existing buildings. Servidyne enables its customers to cut energy consumption and realize immediate cost savings across their portfolios, while reducing greenhouse gas emissions and improving the comfort and satisfaction of their buildings’ occupants. The Company serves a broad range of markets in the United States and internationally, including owners and operators of corporate, commercial office, hospitality, gaming, retail, light industrial, distribution, healthcare, government, multi-family and education facilities, as well as energy services companies and public and investor-owned utilities. For more information, please visit www.servidyne.com or call 770-953-0304.