August 15, 2008—Bank of America recently announced a strategic investment in Philadelphia-based technology and services company Field Diagnostic Services, Inc. (FDSI), and plans to deploy the firm’s energy management system in thousands of banking centers nationwide to reduce greenhouse gas emissions and cut energy costs.
Bank of America says the investment is part of its $20 billion, ten-year environmental commitment to promote sustainability in its operations and through its lending, investing, and new products and services.
FDSI offers advanced enterprise software, handheld energy efficiency diagnostic tools, and project management services that enable more rapid and accurate servicing of heating, ventilation, and air conditioning equipment, decreasing energy and operational costs.
It is currently developing an upgraded enterprise software solution that uses data captured from networked heating and cooling units to automatically detect energy waste, optimizing energy costs and reducing onsite servicing.
Bank of America, which recently began installation of a new centralized energy management control system, plans to utilize FDSI’s unique products and services in 3,300 banking centers nationwide. This is expected to result in up to 50 percent heating and cooling cost savings for Bank of America when compared with using standard building control technologies. The FDSI software platform is also forecast to reduce annual greenhouse gas (GHG) emissions from the banking centers by an estimated 14,000 CO2 tons annually.
