Newmark Energy Solutions, LLC has formed strategic relationships with Newmark Knight Frank, UTC Power Corporation (UTC) and Austin Energy Partners Solutions, LLC (AEP) to market, deliver, maintain and warranty UTC fuel cells to commercial real estate markets across the United States.
Newmark Energy Solutions is exclusive distributor of UTC Power stationary fuel cell units in the United States for key market segments. In this capacity, Newmark Energy Solutions energy program will permit, design, finance, construct, and operate a fleet of UTC fuel cells targeted to grow at a rate of 20MW installed capacity per year.
Under the strategic relationship with Newmark Energy Solutions, UTC will provide fuel cell product and support, Newmark Knight Frank, the world’s largest independent commercial real estate services firm, brings client relationships, marketing and project management, and AEP will deliver development, operating and commodity risk management expertise.
UTC fuel cells have been installed at more than 300 locations worldwide with more than 9.6 million hours of operation and 1.6 billion of kWh of operating experience. The technology is being used at One World Trade Center (Freedom Tower), currently under construction in Lower Manhattan.
The distributed generation units—measuring 8 feet by 28 feet—can be provided under an Energy Service agreement or Power Purchase agreement from Newmark Energy Solutions on a kilowatt hour basis. In this way, property owners pay a fixed charge for their energy over 10 years, can extend for an additional 10 years, and house the unit in their building or campus. The cost for electricity from fuel cell technology is consistent with current-day prices for utility electricity and expected to be better in the future. It also has the advantage of pricing control and benefits to the environment.
The technology, scaled for a building, provides 25-30% improved electrical efficiency with double the life-span of a micro turbine. This technology also enables thermal integration for either heating or cooling, providing total energy efficiency as high as 80% or more. Thermal integration further improves the control a customer has over their total energy cost.