The Partners: Franklin Energy and Energy Infrastructure Partners (EIP), a nationally certified minority-owned business with a leading-edge multifamily strategic energy management offering.
The Plan: Leverage decades of results-oriented strategic energy management (SEM) expertise to improve energy equity throughout the country by providing traditionally underserved multifamily households with clean energy opportunities while supporting growth for community-based minority-owned businesses.
The Goal: Generate billions of dollars in energy savings while providing energy equity to disadvantaged communities, advancing community-level workforce development goals, reducing carbon emissions, and driving beneficial electrification. See the full press release for partnership details here.
Strategic Energy Management programs are prevalent in the US and Canada, but multifamily and low-to-moderate-income sectors have especially not been a target. We aim to change that.
Why Multifamily SEM works:
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In this country, income tends to correlate with other important social factors like race and ethnicity and these communities of color have traditionally been left out of the greening of our economy.
Low- to moderate-income households face a substantially higher energy cost burden than the rest of the country and reducing carbon and energy bills is of growing concern for multifamily owners, operators and occupants.
EIP and Franklin Energy bring strategic energy management and a diverse perspective to deliver energy equity to an underserved segment of the multifamily housing community along with workforce development opportunities to serve disadvantaged communities.
Our partnership extends directly to residents through collaboration with local community action agencies that already have deep-rooted relationships in these communities.