BEVERLY HILLS, CALIF.—The Beverly Hilton and the Waldorf Astoria Beverly Hills, two of California’s most iconic luxury hotels and champions for the environment, together with Nostromo Energy, provider of breakthrough energy storage solutions for commercial buildings, announced the launch of Nostromo’s sustainable energy storage system serving the two adjacent hotels. The system is designed to reduce greenhouse gas emissions and enable the hotels to reach their sustainability goals while saving on energy costs. This project with hotel ownership and leading real-estate asset management groups Alagem Capital Group and Cain International marks the first hospitality industry partnership using Nostromo’s innovative technology.
During peak hours, air conditioning in commercial and industrial buildings accounts for approximately half of California’s energy demands. Fortunately, these buildings have the potential to reduce their demand from the electric grid during peak times by installing energy storage solutions. Energy storage not only lowers the building’s energy costs and carbon emissions, but also enables more EV charging capacity, and provides resilience during extreme weather. By charging the storage systems with clean energy and using it when the grid-power is fossil-based, buildings can reduce the grid’s reliance on fossil fuels and drastically cut carbon emissions.
“We are proud to partner with Nostromo to bring cutting-edge green technology to The Beverly Hilton,” said David Ecija, General Manager of The Beverly Hilton. “This partnership is an extension of our history as a forward-thinking property, focused on the future and what is good for our community.”
Significant Economic, Environmental Savings
The 1.4 megawatt-hour energy storage system installed inside The Beverly Hilton, and also serving the adjacent Waldorf Astoria Beverly Hills, will supply energy for cooling at less than 50 percent of its current cost and reduce CO2 emissions by 150 to 200 metric tons annually, or more than 5,000 metric tons for the life of the system. The IceBrick system will charge using power from the grid at times when renewable energy levels are high, to freeze water into ice, then use the ice in the late afternoon and evening, when power demand reaches its highest levels, to provide energy for cooling instead of using fossil-based energy from the grid in the late afternoon.
“We are thrilled that ownership of leading brand hotels such as The Beverly Hilton and Waldorf Astoria Beverly Hills are adopting Nostromo’s energy storage technology, demonstrating how buildings can play a significant role in integrating renewables and improving resilience of the grid in California and nationwide, while cutting their energy costs,” said Yoram Ashery, CEO of Nostromo. “We look forward to partnering with more like-minded ownership and management of commercial buildings, in the hospitality realm and other sectors.”
“As owner of leading hospitality properties including the Waldorf Astoria Beverly Hills, Alagem Capital Group has always been committed to incorporating the most advanced and innovative technologies to make our properties role models for sustainability,” said David Alagem, Vice President, Lifestyle, Branding and Technology of Alagem Capital Group. “We are thrilled to be the first in the United States to install the Nostromo’s ice energy storage technology, which we believe opens new opportunities for building owners to take leadership roles in advancing new ways to manage energy demand. This is a significant step towards achieving our goal of creating a more sustainable future for generations to come.”
“We are excited to announce our partnership with Nostromo and their innovative Icebrick technology, a water-based energy storage solution. This innovative technology and partnership are the first of its kind in the U.S. and will enable us to reduce our carbon footprint while also saving on our energy bills,” said Larry Green, Managing Director at Cain International. “Together, we’re building a sustainable future with cost-effective and flexible energy storage solutions that benefit building owners, the grid, and the environment. With this partnership, One Beverly Hills further confirms our investment in a sustainable future and commitment to being the benchmark for environmental sustainability by bringing together multiple technologies to aggressively lower emissions and energy consumption.”
