Through diligence and effective collaboration with NSTAR, MIT has exceeded the first-year energy savings goal of Efficiency Forward — a ground-breaking, multi-million dollar energy conservation and efficiency initiative launched by MIT and NSTAR in 2010 — by 30 percent. The first-year goal for the program was achieving campus-wide energy savings of 10 million kilowatt-hours. The actual reduction amount for the first year came in at an impressive 13 million kilowatt-hours.
“When MIT launched Efficiency Forward last year, they set aggressive goals for confronting climate change and establishing energy efficiency as their ‘first fuel’,” said Tom May, NSTAR chairman, president and CEO. “MIT surpassed the program’s first-year goal by taking aggressive action across their campus and utilizing every NSTAR energy-saving tool available to them.”
MIT Efficiency Forward is a first-of-its-kind program with a utility company and is the single largest energy-efficiency program NSTAR has developed with a customer. The program is investing nearly $14 million over three years, with an innovative funding strategy that leverages funds from MIT, NSTAR incentive payments, and reinvestment of energy savings.
“We’re delighted with today’s announcement of our strong progress toward MIT’s energy-efficiency goals,” said Susan Hockfield, MIT president. “Efficiency Forward is demonstrating the rapid efficiency gains we can achieve by inspiring broad participation across our community. In this effort, NSTAR has been a vital partner, and we hope the model of our on-going collaboration will spur other organizations to seize the opportunities of energy efficiency.”