Wednesday, June 1, 2011

GE Capital Premiers Mobile Application to Help Restaurants Cut Energy Costs
GE Capital is rolling out WattWise, a new mobile application, to its franchise restaurant operator customers in the U.S. WattWise analyzes the energy consumed by the lighting currently installed in a restaurant, then estimates the savings operators can achieve if they switch to more energy-efficient alternatives.

Restaurants spend up to five times more on utilities than other commercial businesses, according to the 2011 Chain Restaurant Industry Review, released this week by GE Capital, Franchise Finance. Lighting accounts for 13% of a restaurant’s total energy usage but it’s one of the expenses that can be most easily managed. Initial testing with WattWise identified at least $500 in cost-saving opportunities per store per year, and sometimes much more. Savings are dependent on a number of factors, including the number and age of the lighting fixtures in use.
Press Release dated March 30, 2011

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