HSBC looks to slash energy consumption with t-mac metering technology

HSBC looks to slash energy consumption with t-mac metering technology

Banking giant HSBC is looking to reduce the energy consumption of its retail units by up to 20% through the implementation of a real estate power metering system from t-mac Technologies.

The vendor's mini-building management system gathers metering data and energy consumption information from sources of power, such as a building's air conditioning unit, lights and heating.

The technology then identifies waste, with information collected into reports that can be used to gain an understanding of energy consumption patterns. T-mac says the system works via the Internet, meaning the energy consumption of buildings can be managed remotely.

HSBC will use the system to identify areas where buildings are losing and wasting energy, providing the bank with recommendations on how to cut carbon emissions and costs.

HSBC will also be able to set specific energy consumption levels for particular buildings or applications, with the vendor sending text message or e-mail alerts if these are surpassed.

Stephen Gathergood, data centre and engineering manager, HSBC Bank, says: "The technology deployed through our partnership with t-mac is a good example of how our buildings can be more efficiently managed, without any material increase in operating costs, which enables us to continue to deliver the same value to both our shareholders and our customers."

HSBC has been carbon neutral since 2005 and last year launched a $90 million green programme.

In June the bank completed the installation of 422 solar panels on the roof of its Canary Wharf headquarters in London. The bank says the photovoltaic panels cover 617 square metres and will generate approximately 1,550,000 kilowatt hours of green electricity over the building's lease, enough energy to power 20 average UK homes per year.

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Roy McPherson

Roy McPherson