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New York Eyes Technologies for Buildings’ Emissions Compliance

Sept. 21, 2020, 7:46 PM

New York City will support changes to its building code to include four private companies’ technologies as it rolls out its landmark law limiting greenhouse gases from buildings.

The city, in an announcement to formally be made Tuesday, also will consider offering technical support and “prioritized assistance” to help the technologies gain traction in the market, Andrew Rudansky, a spokesman with the New York City Department of Buildings, told Bloomberg Law.

  • Under Local Law 97, buildings larger than 25,000 square feet will have to reduce their carbon emissions by varying amounts or face fines, starting in 2024. Stuart Saft, a real estate attorney with Holland & Knight LLP, said the law’s targets are technologically unreachable.
  • The companies include Hydromx, Inc., of Maspeth, N.Y., which has developed a nanofluid for efficient heat transfer in cooling and heating systems; Radiator Labs, Inc., a New York City-based maker of a smart radiator cover networked to central boiler control systems; WexEnergy LLC, of Rochester, N.Y., which offers custom window insulation panels; and Zinc8 Energy Solutions, Inc., of Vancouver, B.C., which provides batteries using zinc and air as fuel.
  • Some New York property owners fear Local Law 97 will impose heavy costs they can’t afford, especially with the coronavirus driving commercial and residential tenants out of the city.
  • “Climate change is an existential threat to a coastal city like ours, and innovative technologies will help us meet this challenge head on,” said New York Buildings Commissioner Melanie E. La Rocca.

To contact the reporter on this story: Stephen Lee in Washington at stephenlee@bloombergindustry.com

To contact the editors responsible for this story: Anna Yukhananov at ayukhananov@bloombergindustry.com; Chuck McCutcheon at cmccutcheon@bloombergindustry.com

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