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    JPMorgan Chase unveils plans for new all-Electric, Net-Zero Headquarters on Park Avenue

    April 19, 2022
    This 60-story skyscraper, designed by Foster + Partners, will be the largest all-electric skyscraper with net-zero emissions. The building will be powered only by renewable energy, sourced from a New York State hydroelectric plant
    Image credit Business Wire
    270 Park 5 625eac80c5e3a

    U.S. Financial giant JPMorgan Chase has unveiled the design of its new headquarters building at 270 Park Avenue in New York City.

    This 60-story skyscraper, designed by Foster + Partners, will be the largest all-electric skyscraper with net-zero emissions. The building will be powered only by renewable energy, sourced from a New York State hydroelectric plant.

    Moreover, it will use technology and systems to ensure efficient operation of the building and have a biophilic design, which will include the use of natural plants and healthier building material and furniture.

    It will incorporate intelligent building technology with sensors, AI and machine learning to predict and adapt to the energy requirements. Water storage and reuse systems will be installed to reduce water usage by more than 40%. It will have automatic solar shades connected to HVAC systems and outdoor terraces with natural green space.

    Additionally, 97% of the building materials from the demolition were reused, recycled or upcycled, surpassing the 75% requirement of the green building standard.

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    Other features of this building include continuous monitoring of air quality, increasing the amount of fresh air circulating within the space, the use of advanced HVAC filtration systems to ensure clean air, 50% more communal spaces, 25% more space per person, state-of-the-art health and wellness center, over 50,000 connected devices for a touchless experience, and the use of circadian lighting and 30% more daylight.

    “New York City’s central business districts were hit hard by the pandemic, and restoring their vibrance is an integral part of our blueprint for an equitable economic recovery,” New York City Mayor Eric Adams said in a statement. “This investment by JPMorgan Chase not only reflects their commitment to keeping and growing good jobs in New York City; it will also catalyze additional investment and new office space throughout Midtown East. And by incorporating sustainable design into the building, they are helping our city prepare for and mitigate the impacts of climate change.”

    The project will create additional jobs and is expected to complete by the end of 2025. The project is the first under New York City’s innovative Midtown East Rezoning plan

    About the Author

    EnergyTech Staff

    Rod Walton is senior editor for EnergyTech.com. He has spent 14 years covering the energy industry as a newspaper and trade journalist.

    Walton formerly was energy writer and business editor at the Tulsa World. Later, he spent six years covering the electricity power sector for Pennwell and Clarion Events. He joined Endeavor and EnergyTech in November 2021.

    He can be reached at [email protected]. 

    EnergyTech is focused on the mission critical and large-scale energy users and their sustainability and resiliency goals. These include the commercial and industrial sectors, as well as the military, universities, data centers and microgrids.

    Many large-scale energy users such as Fortune 500 companies, and mission-critical users such as military bases, universities, healthcare facilities, public safety and data centers, shifting their energy priorities to reach net-zero carbon goals within the coming decades. These include plans for renewable energy power purchase agreements, but also on-site resiliency projects such as microgrids, combined heat and power, rooftop solar, energy storage, digitalization and building efficiency upgrades.