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08/01/2008 08:50 AM
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BoA To Reduce Energy Costs 50% in Banking Centers
SustainableBusiness.com News
Bank of America (NYSE: BAC) is investing in Philadelphia-based company Field Diagnostic Services, Inc. (FDSI), and plans to deploy the firm's energy management system in 3,300 banking centers nationwide to reduce greenhouse gas emissions and cut energy costs.
Bank of America expects to save 50% in energy costs and reduce annual greenhouse gas emissions by 14,000 tons using FDSI's efficiency technologies.
FDSI offers software, handheld energy efficiency
diagnostic tools, and project management services that enable more
rapid and accurate servicing of heating, ventilation and air
conditioning equipment, decreasing energy and operational costs.
The compay is also developing a software solution that uses
data captured from networked heating and cooling units to automatically
detect energy waste, optimizing energy costs and reducing onsite
servicing.
The amount invested by Bank of America was not disclosed, but the investment is part of Bank of America's $20 billion, ten-year commitment to promote sustainability in its operations and through its lending, investing and new products and services, said Richard Cohen, who leads environmental investments for Bank of America's Strategic Investments Group.
Website: http://www.bankofamerica.com/environment
