Narrative Description: Energy efficiency will always be the low hanging fruit in the VI, but our lack of statistical benchmarking data in all sectors has made it difficult to find funding and for us to reach our efficiency goals and potential. Finding sources of private investment for efficiency efforts in the USVI will be critical to successfully meeting the efficiency goals. This funding will ensure USVI has the capacity to maximize the impact of limited public funds by providing up to date energy efficiency analysis and benchmarking.
Energy Efficiency and Benchmarking Pilot Program
Statement of Need: This project is necessary to demonstrate that the USVI can rely on local resources, rather than imported fossil fuels, when it makes investment decisions. While EDIN provided high-level estimates of energy conservation that could be achieved in the USVI, this project would enable the USVI to determine the maximum cost-effective reductions in energy consumption that can be achieved in a specific large construction project. The U.S. Virgin Islands Comprehensive Energy Strategy, prepared in part by VIEO, identifies benchmarking strategies as components that contribute to energy efficiency programs. The Strategy recognizes that by tracking building energy usage, benchmarking offers significant energy saving opportunities. Additionally, the U.S. Virgin Islands Energy Alliance Program Initiative similarly implements long-term sustainability changes through energy efficiency and conservation methods. The Energy Alliance Program conducted preliminary energy evaluations and audits and implemented energy conservation measures in select government, large commercial and industrial, small business and residential facilities. However, to date, no formal benchmarking system has been established to assess total energy consumption and costs incurred by these facilities over time. A critical step toward improving our territory's best practices can follow the EPA ENERGY STAR Strategic Guidelines to Energy Management. Having been adopted by thousands of organizations, governments, and service providers, these guidelines are considered industry best practice. The guidelines build upon the executive level support to benchmark energy consumption and cost.
Detailed Project Timeline(s):
Phase 1: Gap analysis – 6 months
Phase 2: Defining market segments and collecting market intelligence – 6 months
Phase 3: Benchmarking up to seven buildings within an identified market segment (e.g., small hotels) – 6 months
Phase 4: Investment-grade audits for chosen buildings – 6 months
Phase 5: Review of different approaches to encourage investment in efficiency – 3 months
Phase 6: Efficiency program design tool – 3 months
Phase 7: Policymaker training – 3 months
Phase 8: Policy design support – 3 months