Renewal of energy management contract follows successful implementation of Ecova’s energy efficiency program
Spokane, WA — December 11, 2017 — Ecova, a leading energy and sustainability management company, has been selected by Hyatt Corporation to provide comprehensive energy management services for the company’s new headquarters that opened in August 2017. Hyatt has also renewed its existing contract with Ecova to continue delivering intelligent energy management strategy options/recommendations for hotels within its select service portfolio.
Ecova understands that many businesses, particularly those in the hospitality industry with hundreds of sites, are challenged to identify trends for energy, water, waste, and telecommunications expenses. Ecova maintains the largest database of utility data for the hospitality market, which drives robust benchmarking for organizations. In concert with Ecova, Hyatt leverages this global data to compare multiple sites and drive significant efficiencies across its portfolio.
Similar to the services delivered under the prior relationship, Ecova provides Hyatt’s corporate headquarters with several energy and expense management services, including utility bill processing, site specific utility service management, and monitoring monthly financial information to help optimize budgets. Hyatt can access these analyses through Ecova’s Energy and Sustainability Management Platform, a single intuitive source of data and insights that will assist in setting companywide benchmarks, identify performance outliers, and prioritize facility improvements.
“Ecova has helped Hyatt avoid significant costs through negotiated deregulated utility rate savings and analytics,” said Vincent Manier Chief Financial Officer of Ecova. “From our deep expertise helping hoteliers improve efficiencies in their high-energy-usage facilities, we will continue to serve Hyatt by providing data for its sustainability program and ensuring the company’s energy expenditures are managed effectively.”
Hyatt’s relocation of its global headquarters to a state-of-the-art facility in Chicago brings together approximately 1,000 employees previously based in two buildings. The new facility at 150 N. Riverside Plaza is a 53-story, 1.2 million-square-foot office tower located in the West Loop along the Chicago River. Ecova helped Hyatt manage the transition with its utility vendors, providing energy supply negotiations and ensuring utility billing remained accurate throughout the move.
“In working with Ecova, we’re creating a more energy efficient, sustainable environment to contribute to a greener Chicago and in the communities where we do business worldwide,” said Ted Lorenzi, director of facilities, Hyatt. “Sustainability is a priority around the globe, which is why we are continuing to use Ecova’s technology platform and services to better manage our utility and energy spend across our portfolio.”
Ecova makes businesses and utilities more successful through energy and sustainability management. Ecova blends data and technology, with people and insight, to drive powerful results for their clients. Using insights based on consumption, cost and carbon footprint data spanning thousands of utilities, hundreds of thousands of business sites and millions of households, Ecova provides fully managed, technology-optimized solutions for saving resources, which in turn increase returns, lower risks and enhance reputations. Ecova is a wholly-owned subsidiary of ENGIE, a worldwide, global energy player. For more information, visit the company’s website www.ecova.com, on LinkedIn, or follow Ecova on Twitter at @EcovaInc.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 13 premier brands. As of September 30, 2017, the Company’s portfolio included 739 properties in 57 countries. The Company’s purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to create value for shareholders, build relationships with guests and attract the best colleagues in the industry. The Company’s subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences and vacation ownership properties, including under the Park Hyatt®, Miraval®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Andaz®, Hyatt Centric®, The Unbound Collection by Hyatt®, Hyatt Place®, Hyatt House®, Hyatt Ziva™, Hyatt Zilara™ and Hyatt Residence Club® brand names and have locations on six continents. For more information, please visit www.hyatt.com.