Eastman Chemical Company (EMN - Analyst Report) has entered into a collaboration with energy-efficiency and sustainability engineering firm Green Generation Solutions (GGS) and Hyatt Regency Houston, part of the Hyatt Hotels Corporation (H - Snapshot Report) , to measure the accurate energy-savings impact of EnerLogic 35 low-e window film.
Hyatt Regency Houston is aiming to address temperature-related complaints from guests in its 924,000-square foot hotel banking on Eastman Chemical’s window film. Hyatt is also keen to cut its high energy expenditures that amounted $1.6 million annually.
EnerLogic 35 low-e window film improves the insulation of the window and also keeps the heat inside the room during winter, Most other solar films that blocks solar energy from entering a building in the summer, but they do very little to keep the cold out in the winter. This unique feature of EnerLogic helps in yearly savings and improves occupant comfort.
GGS engineers have also installed an extensive sub-metering system at the time of window film installation at Hyatt to monitor energy use in 96 rooms (48 rooms with window film, and 48 rooms without window film).
The comparative sub-meter data revealed that rooms with window films enjoyed a 23% reduction in cooling energy use and 25% in heating energy. Based on the national average installation costs and the energy efficiency rebate provided by the local utility, it has been calculated that these energy savings provided a payback on the hotel’s investment in 3.6 years, or an ROI of 28% per year.
Eastman Chemical currently holds a Zacks Rank #2 (Buy).
Other companies in the similar industry having favorable Zacks Rank are Cytec Industries Inc. and Northern Technologies International Corp. . Both carry a Zacks Rank #2 (Buy).