Grubb & Ellis and Serious Energy Bring Energy Efficiency Upgrades to Building Owners at Zero Upfront Cost

SUNNYVALE, Calif.--()--Serious Energy, Inc., a leader in energy efficiency solutions that increase the value of buildings, today announced it has retained the Clean Energy practice group of Grubb & Ellis Company, a leading real estate services and investment firm, to identify opportunities with occupiers and owners across the U.S. interested in making energy efficiency upgrades to their buildings. Grubb & Ellis will introduce Serious Energy’s building upgrade service at zero cost to building owners. SeriousCapital is a service that cuts energy and maintenance costs and creates more comfortable and efficient properties for building owners and tenants – at zero upfront cost.

Ken Di Scipio, managing director, Corporate Services, and member of the practice group at Grubb & Ellis, will lead the site selection process. “This is the type of project a number of owners and occupiers will find great value in, for their businesses as well as to the benefit of their employees,” said Di Scipio. “We’ve initially received strong interest since launching the project with Serious Energy and look forward to helping reduce energy costs at properties across the U.S.”

“We are happy to work with Grubb & Ellis to bring our building upgrade service to the commercial real estate market,” said Claire Broido Johnson, General Manager of SeriousCapital, Serious Energy, Inc. “We must make it simple for building owners to make improvements to their buildings and eliminate the roadblocks that have traditionally stood in the way of creating more comfortable, efficient, valuable properties.”

Grubb & Ellis’ Clean Energy practice group is dedicated to meeting the real estate needs of its clients by combining local real estate knowledge with specialized expertise in the alternative energy sector. The group closely tracks the ever-changing landscape of location incentives for renewable energy projects and works to leverage third party contacts to help clients make the best decisions.

Since its founding in 2002, Serious Energy’s suite of solutions have improved over 70,000 buildings and homes. In 2010, Serious Energy upgraded all 6,514 dual pane windows in the Empire State Building with its super-insulating SeriousGlass technology, a key element in reducing the overall energy cost in the iconic structure by 38 percent. The New York Stock Exchange recently called on Serious Energy to reduce energy use while improving year-round comfort in its 104-year-old historical landmark offices.

America’s buildings account for approximately 40 percent of total U.S. energy consumption, according to the U.S. Department of Energy, costing $400 billion annually. Commercial real estate alone accounts for 18 percent of all of the energy consumed in the U.S., more than cars and light trucks combined (16.5 percent). Experts generally agree that 30 percent or more of the energy in buildings is wasted or consumed inefficiently.

About Grubb & Ellis Company

Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies in the world. Our 5,200 professionals in more than 100 company-owned and affiliate offices draw from a unique platform of real estate services, practice groups and investment products to deliver comprehensive, integrated solutions to real estate owners, tenants and investors. The firm’s transaction, management, consulting and investment services are supported by highly regarded proprietary market research and extensive local expertise. Through its investment management business, the company is a leading sponsor of real estate investment programs. For more information, visit www.grubb-ellis.com.

About Serious Energy, Inc.

Serious Energy’s platform of products and services are designed to increase the value of buildings for both owners and occupants by combining real-time, connected building analytics and control with material science innovations. SeriousEnergy Manager is a cloud-based enterprise software system that monitors, optimizes, and controls building energy use using advanced algorithm technology. SeriousWindows and iWindow significantly improve building envelope energy performance, improving comfort and reducing heating and cooling. QuietRock delivers improved comfort through reduced-material patented soundproofing technology, enabling buildings to increase density and help improve productivity. With an advanced software development team, six manufacturing plants and a broad network of distributors throughout the U.S. and Canada, Serious Energy products have been installed in over 70,000 projects worldwide, including the Empire State Building. For more information, visit www.SeriousEnergy.com.

Contacts

Serious Energy, Inc.
Valerie Jenkins, 408-636-6329
vjenkins@seriousenergy.com

Release Summary

Grubb & Ellis will introduce Serious Energy’s building efficiency upgrade service, SeriousCapital, at zero cost to building owners.

Contacts

Serious Energy, Inc.
Valerie Jenkins, 408-636-6329
vjenkins@seriousenergy.com