Reduce greenhouse gas emissions 20 to 50% from existing buildings — which globally account for nearly
40% of greenhouse gas emissions — in the Washington DC region through a collaborative partnership.
Concept
Businesses, banks, local governments and energy services companies are committing resources through
a proven model that guarantees financing for building retrofits and the means to repay costs from
accrued energy savings over time. The public, the building owners and the financial institutions all
benefit from this innovative model.
Education, Research and Outreach
Founding partner Virginia Tech, an unbiased facilitator, works to develop
program momentum and governance, while using this partnership as a platform for creating hands-on learning tools
for students, civic groups, and industry practitioners, and identifying long-term cross-disciplinary research
opportunities around the theme of energy efficiency.
Core Partners
Hannon Armstrong has committed $500 million in
financing for building retrofits over the first five years of the initiative.
Pepco Energy Services performs energy audits and
provides retrofit materials and labor.
Virginia Tech contributes unbiased facilitation, leadership
and awareness-building, educational
outreach, and research in support of partnership goals.
Associate Partners
Associate partners each bring additional capabilities to the
partnership, helping to identify buildings for retrofitting, enhancing
civic awareness, developing retrofit architecture and infrastructure,
providing organizational space and support, and conducting outreach
activiites.
The 20 Now Challenge, April 23, 2008, at the Meridian International Center An action forum: Innovative Financing, Regulations & Technology Solutions for Energy Efficient Buildings.
Pilot Launch, October 15, 2007, at the National Building Museum —
Virginia Tech and partners announced this initiative with a $500 million commitment from Hannon
Armstrong.