The Neiman Marcus Group is advancing their sustainability journey even further – installing two, 500-ton water-cooled Trane chillers at their iconic Bergdorf Goodman’s Women’s Store, located in the heart of New York City’s famed retail district.
Implemented in partnership with Trane by Trane Technologies, a global climate innovator, this environmentally-friendly makeover of the historic, 94-year-old building utilizes innovative, energy efficient, decarbonizing technology – enabling the retailer’s elimination of natural gas use and electrification, transition to renewable energy use and carbon footprint reduction.
The move will also help contribute to New York City’s goal of reaching net-zero greenhouse gas emissions by 2050, while keeping shoppers cool and comfortable.
Collaboration
- The Neiman Marcus Group has committed to 100% renewable energy use by 2030, and are working with Trane® by Trane Technologies to operationalize their decarbonization plans through capital and operating investments in four key areas: renewable energy, electrification, energy efficiency and refrigerant management.
- As the Neiman Marcus Group works to reduce Scope 1 (direct) and 2 (indirect) emissions across their real estate portfolio, including the flagship Bergdorf Goodman Women’s Store in New York City, improvements are also being made to their stores in Dallas, Austin, San Francisco, Troy, Michigan, Pinnacle Point, Texas, Sunrise, Florida and more.
- These improvements include upgrades to buildings’ automation systems, rooftop units, LED lighting and other energy conserving fixtures, and the introduction of improved air quality technology.
Key Figures
- The Bergdorf Goodman Women’s Store project replaces the building’s outdated, inefficient HVAC equipment with two 500-ton, water cooled, energy efficient Trane chillers – with next-generation, low GWP refrigerant. The building has also been upgraded with Trane controls, optimizing the on-site chiller plant to better manage the system’s run time.
- Additionally, the installation of these chillers will result in:
- an annual reduction of 642 metric tons of carbon – equivalent to the greenhouse gas emissions from 138 gasoline-powered passenger vehicles driven for one year
- nearly $61,000 in annual energy cost savings
- the elimination of natural gas use in the facility, made especially noteworthy when considering:
- in April 2021 the NYMEX natural gas price was $2.854/MMBtu, compared to $5.336/MMBtu in April 2022 – a nearly 2x increase. Natural gas pricing is rising quickly, increasing savings for the Neiman Marcus Group even more significantly, and mitigating their price risk.
