CBRE

Business News

Oct 31
Ferriera Construction Named Market Innovator By Betsy Kraat

NEWARK--Governor Jon S. Corzine and Board of Public Utilities President Jeanne M. Fox today recognized Ferriera Construction as the recipient of the 2007 New Jersey Clean Energy Leadership Award for Market Innovator for creating the nation's first Net Zero Electric Energy commercial building.

Ferreira Construction's achievement is the result of a public/private partnership to set a new standard for sustainable buildings in New Jersey and across the nation. With incentives provided through the New Jersey Board of Public Utilities and New Jersey's Clean Energy Program, Ferriera Construction was able to create a 42,000-sf building which actually generates all of its own electric needs. Any extra "green" energy is pushed out into the grid and thus made available for other companies.

The third annual New Jersey Clean Energy Leadership Awards highlights New Jersey's clean energy goals and strategies to reduce greenhouse gases, increase the use of renewable energy and increase energy efficiency. Through its Clean Energy Program, which provides more than $180 million dollars each year to businesses, residents and municipalities, New Jersey has emerged as a national leader and one of the fastest growing clean energy markets in the country.

New Jersey Board of Public Utilities
www.bpu.state.nj.us

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