2 min read

Client Spotlight: Liberty Science Center

By 5 on October 28, 2021

Liberty Science Center is a 300,000-square-foot learning center located in Liberty State Park on the Jersey City bank of the Hudson River near the Statue of Liberty. It houses 12 museum exhibition halls, a live animal collection with 110 species, giant aquariums, a 3D theater, live simulcast surgeries, hurricane- and tornado-force wind simulators, and the Western Hemisphere's biggest planetarium—the Jennifer Chalsty Planetarium and LSC Giant Dome Theater. More than 750,000 students, teachers, and parents visit Liberty Science Center each year, and tens of thousands more participate in the Center's off-site and online programs.

Proactively controlling energy expenses and consistently reducing energy usage has always been a top priority for Liberty Science Center. The facilities and operations staff have looked to the team at 5 as a trusted partner to advise on best practices for electricity procurement and the implementation of a purchasing strategy that takes their existing solar arrays into account. Through a competitive procurement process, electricity contracts were recently put in place that leveraged 5’s proprietary energy market platform to identify strategic purchasing opportunities. Liberty Science Center has also aggressively participated in Demand Response programs and taken steps to reduce electricity usage to parts of the museum during periods of peak demand, which has provided an additional revenue stream to the museum over the last decade.

Liberty Science Center has also relied on 5 to provide regular updates on regulatory issues that are shaping energy markets in New Jersey. 5’s advisory services have helped Liberty Science Center to take both regulatory and market forces into account as they plan and forecast their energy costs into the future. Paola Amato, Director of Facilities at the Liberty Science Center said, “At a nonprofit like ours, keeping energy use efficient and reducing costs is a big part of the job. 5 has always been a terrific partner in these efforts.” Additionally, Chief Engineer Ronald Taglieri said, “We have faced a lot of unpredictable challenges in the past two years. 5’s partnership as we navigated our institution’s future was invaluable.”

5 is privileged to support and partner with an institution that is committed to inspiring the next generation of scientists and engineers through the power, promise, and pure fun of science and technology.

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Topics: Clients Procurement Demand Response Sustainability Renewables
3 min read

How to Purchase Power in a Bull Market

By 5 on September 30, 2021

One of the most common questions clients ask when purchasing electricity or natural gas is, “How much money will this save me?” This was a reasonable question and for many years savings could be realized because energy prices had been trending lower. Figure 1 shows how the NYMEX has settled over the last 28 years. This chart shows that natural gas hit its peak in 2006 in the wake of Hurricane Katrina and Rita where gas prices approached $14/Dth.

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Topics: Markets Procurement Education Resiliency
2 min read

Buckle Up for RDM Charges in NYC

By 5 on September 30, 2021

Con Edison electricity customers have likely noticed a significant increase in delivery costs over the last 12 months. There are two specific variable components that have caused these rates to skyrocket in 2021:

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Topics: Markets Procurement Demand Response Education
1 min read

Client Spotlight: Celestial Beerworks

By 5 on August 31, 2021

The Celestial Beerworks taproom and brewery provides an otherworldly experience for visitors in more ways than one. Since its opening in 2018, the Celestial team has skillfully combined their favorite things: art, science, and delicious, fresh beer…and space. Their inspiration is manifested throughout each aspect of the company, from their wide variety of beers and meticulous obsession with hops to their masterpiece can-art and onsite décor. Bartenders are replaced by Startenders and flights of beers are ordered by their more Celestial name, Missions. Co-owners Molly and Matt Reynolds bring a wealth of knowledge and experience, including Matt’s history as a brewmaster for Malai Kitchen and his time making homebrews for his friends and family.

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Topics: Clients Procurement Demand Response Resiliency
1 min read

Go For The Gold by Partnering with 5

By 5 on July 30, 2021

In order to provide comprehensive energy advisory services to more clients in need, 5 is currently adding additional referral partners and strategic partners across the country. This is a perfect opportunity for anyone who is looking to help others while also receiving an additional source of income or possibly beginning their career in energy.

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Topics: Procurement
1 min read

Client Spotlight: The Washington Tennis & Education Foundation

By 5 on July 30, 2021

The Washington Tennis and Education Foundation’s (WTEF) mission is to build life champions, giving children and youth a safe environment where they can excel. WTEF empowers them to achieve their highest potential by developing meaningful values and critical skills that lead them to life-long success through a pathway of continual academic, life skills, and tennis instruction during after-school and summer camp hours.

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Topics: Clients Case Studies Procurement Sustainability Renewables Resiliency
1 min read

A Website Worth Experiencing

By 5 on June 29, 2021

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Topics: Natural Gas People Culture Videos Procurement Demand Response Sustainability Education Renewables Resiliency
2 min read

Client Spotlight: Redeemer Health

By 5 on May 25, 2021

Redeemer Health has a 95-year history of providing compassionate care and healing to the communities it serves in Pennsylvania and New Jersey through the vision of the Sisters of the Redeemer. From its modest beginnings, the Sisters' mission to care, comfort, and heal continues to grow through the many programs, services, and facilities that comprise Redeemer Health. With a long-held commitment to older adults, the Sisters built St. Joseph Manor, a home for older adults, in 1934 on a 45-acre farm in Meadowbrook, PA. In later years, the Sisters established Holy Redeemer Hospital and several retirement and independent living communities. Today, Redeemer Health is a comprehensive health care system comprised of over 40 facilities across the Greater Philadelphia area and Southern New Jersey.

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Topics: Clients Procurement Resiliency
2 min read

Client Spotlight: Hebrew Home at Riverdale

By 5 on April 29, 2021

The Hebrew Home at Riverdale by RiverSpring Living, located in New York City, serves older adults of all faiths through compassionate care and active community engagement. Guided by Jewish values for over 100 years, Hebrew Home is committed to healthy aging and the highest quality of life through innovative programs and services designed to meet the evolving needs of their residents. Hebrew Home is a nationally recognized long-term care facility that also provides specialized services, including elder abuse prevention and memory care to over 18,000 patients and residents.

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Topics: Clients Procurement Sustainability Resiliency
1 min read

Spotlight – Savings and Flexibility for International Auto Parts Manufacturer

By 5 on April 21, 2021

5’s client in Mexico provides customers around the world with automatic transmissions, the brain of automobiles. As a manufacturer of Continuously Variable Transmissions (CVT, hybrids) for automobiles, the client offers ecological products that maximize vehicle performance.

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Topics: Clients Case Studies Procurement Resiliency