Friday, August 10, 2012

Sterling Planet Completes Nation's First White Tags® Transaction

Sterling Planet Completes Nation's First White Tags® Transaction Tube. Duration : 6.52 Mins.


(3BL Media) Harrison Township, MI - June 14, 2012 - Sterling Planet, the nation's leading retail provider of renewable energy and other carbon-reduction assets, and Michigan's Selfridge Air National Guard Base announced today that they have together made history. The nation's first transaction in the emerging market for White Tags® energy efficiency certificates has been completed, with Sterling Planet purchasing Selfridge's 2011 White Tags. White Tags® are innovative trading instruments, available only through Sterling Planet, that recognize the meter-measured, performance-based results of recent projects to increase energy efficiency. Each White Tag represents either 1 MWh of electricity savings or 1 MCF (thousand cubic feet) of natural gas savings. Selfridge achieved its 2011 energy savings mostly through lighting, HVAC upgrades and changes in energy-use behaviors. Now the base is considering ways to reinvest proceeds from this initial White Tags sale into additional projects to increase efficiency, including use of LED lights and Energy Star appliances. "We are so proud that Selfridge Air National Guard Base is the first federal facility in the nation to generate White Tags® and earn additional revenue that we can then put back into operations to create more White Tags," said Shannon Bergt, energy manager at Selfridge. "This keeps the new revenue stream flowing and allows us to be better stewards of taxpayer dollars." When compared with traditional programs to reward ...