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VOL. 127 | NO. 227 | Tuesday, November 20, 2012

Green Ballast Installs Smart Lighting for Belz

By Sarah Baker

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Commercial real estate developer Belz Enterprises is installing vapor tight fluorescent fixtures with Green Ballast Inc.’s light ballasts in a structured parking garage facility in Memphis.

The fixtures will reduce electric lighting usage in the facility by up to 72 percent per year, with Belz receiving a payback on its investment in less than three months for fixtures, which have a 10-year life expectancy.

Green Ballast, an energy solutions company based in Memphis, is a developer and marketer of energy efficient electronic ballasts for fluorescent fixtures in the commercial lighting industry. The publically traded company received its ticker symbol, GBLL, in April.

The company’s ballast is a direct replacement for the existing standard ballast and adjusts power consumption for each lighting fixture, while measuring and harvesting available daylight to calculate and provide only the amount of needed electricity for proper lighting.

J. Kevin Adams, CEO of Green Ballast and also chairman and CEO of CB Richard Ellis Memphis, said in a release that the “plug and play” solution has controls within each ballast, providing simple and efficient installation and ongoing maintenance.

The solution is being adopted in office buildings, industrial facilities, schools, airports and municipal buildings where lighting is the major electrical expense.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 35 250 5,016
MORTGAGES 60 382 6,608
FORECLOSURE NOTICES 17 55 1,534
BUILDING PERMITS 179 720 11,979
BANKRUPTCIES 54 257 5,216
BUSINESS LICENSES 24 89 2,025
UTILITY CONNECTIONS 92 443 6,907
MARRIAGE LICENSES 16 81 1,422

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