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OFFICE SPACE  I  BANKING

TPI EFFICIENCY + REGIONAL BANK

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THE CHALLENGE

 

This banking client, a rapidly expanding Virginia bank—ranked by Forbes as one of the “Best Banks in America” in 2019—was seeking ways to mitigate energy costs and help fuel their growth.

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With 42 banking offices spanning across the mid-Atlantic states, this bank is one of the largest banks headquartered in the Commonwealth of Virginia.

HOW TPI SOLVED THE PROBLEM

TPI Efficiency investigated the electricity contracts of 35 bank accounts, totaling over 5.5 million kWh. After qualifying all accounts as eligible GS-1, GS-2, and GS-2T rate codes, TPI fought to have each account removed from costly “brown energy” to 100% renewable, competitively-priced, green energy under the protection of a recent regulatory change in Virginia’s Division of Public Utility Regulations.

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By consolidating accounts and switching to 100% renewable energy, the bank was able to achieve a 19.1% annual savings of over $57,000, and a total contract savings of $115,650 with more accounts expected to qualify in the coming months.

 

Additionally, the bank is now on an exclusive list of Green Energy Certified businesses advocating for the

advancement of clean energy policy, markets, and technology.

TPI'S PROCESS WITH THIS REGIONAL BANK

TPI's process changes based on individual customer needs but follows the general guidelines set forth below. The magic is in how TPI builds strategies to suit individual customer needs.

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Our mission at TPI is to create an environment where #energyforgood is more than just a tagline.

We work with customers, large and small, to enhance their existing procurement strategies and take them to the next level.

Contact us today to start your own savings story.

THE TPI TAKEAWAY