JPMorgan Chase – Amirali Sewani – 2017

Goals

JPMorgan Chase (JPMC), one of country’s the largest banks, is committed to sourcing renewable power for 100% of its energy needs by 2020. The firm is focused on implementing a strategic plan to reduce its carbon footprint across 5,500 properties covering 75 million square feet, by deploying on-site renewables and contracting PPAs with renewable energy providers, as well as evaluating investment opportunities for building efficiency projects. JPMC enlisted EDF Climate Corps fellow Amirali Sewani to evaluate the technical and financial feasibility of deploying on-site renewable energy systems across the commercial portfolio in the United States.

Solutions

Sewani determined the feasibility for potential Solar and Fuel Cell (micro-grid) deployment across JPMC’s commercial properties. He analyzed the energy interval data, load profiles, current and planned energy efficiency upgrades, and location attributes of each site, to determine the appropriate size for solar and fuel deployment at the commercial properties. The calculated sizes, in combination with capital investments and utility costs at each location, were used as inputs in a financial model to determine the financial feasibility of these investment projects.

Sewani also developed a comprehensive financial modelling tool, which provides a summary view of investments, returns and savings across the portfolio for capital budgeting purposes by using the data from the sizing study. 

Potential Impact

JPMC intends to use Sewani’s financial modeling tool for further strategic analysis going forward as the projects come to fruition and enter the execution phase. His analysis will help JPMC identify and prioritize commercial properties for solar and fuel cell deployment, and optimize the planned investments in line with its goal of being 100% reliant on renewable energy by 2020.