06 Jul '17, 10am

Why Kilroy is turning buildings into batteries

Real estate owners know that they have to offer something better than the competitor across the street, and at a lower price, in order to attract and keep occupants. Owners who trade on their sustainability smarts face this pressure when they manage and price energy for tenants. For Kilroy Realty, a family-run real estate investment trust based in Los Angeles, a new deal with an energy storage startup could bring a new sustainable amenity to upscale commercial buildings. Kilroy, a real estate investment trust that owns roughly 12 million square feet in major West Coast markets, has started a process to install five Tesla-made PowerPack batteries in each of five office buildings in Southern California. The batteries run on software that detects when power from the electric grid is especially scarce, and switches to power that was stored at some other time, thus avoiding dra...

Full article: https://www.greenbiz.com/article/why-kilroy-turning-build...

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