Newly launched Philadelphia-based energy services firm Graboyes Efficiency Tenant (GET) has named Sam Klein as president. Ellis Guiles, an owner of sister companies Graboyes Commercial Window Company and Graboyes Smart Buildings, will serve as a director and building performance advisor for GET.
“We could not have chosen a better leader than Sam for this exciting strategic business unit,” said Guiles. “His deep expertise, authentic passion, and tireless leadership style will benefit our clients and the region as we work to provide energy financing leadership and an innovative transaction structures for deep energy efficiency improvements in Greater Philadelphia and the Mid-Atlantic region,” he said.
“The untapped market for energy efficiency approached $500 Billion last year,” said Klein. “Graboyes Efficiency Tenant has the right tools to unlock this market, and leading its mission represents the apex of my 20 years in sustainability,” he said.
“We have developed an approach that eliminates all of the traditional barriers to energy efficiency projects so that everyone wins. Building owners save money, tenants are more comfortable, utilities maintain their business models, and we all benefit from reduced emissions from fossil fuel power generation,” said Klein.
Klein is a recognized expert in sustainability and energy services project development and implementation. Over his career, he has implemented numerous energy efficiency and renewable energy programs in both residential and commercial markets. Before joining Graboyes Efficiency Tenant, Klein served as chief development officer for Novele, Inc., and prior to that was director of sustainability for Comfort Systems USA Energy Services.
A resident of Philadelphia, Klein holds an MBA from Smeal College of Business at Penn State University, a Bachelor of Arts in Literature and History from University of Colorado at Boulder, and LEED AP Faculty, LEED Greet Rater, and LEED AP Homes certifications. He currently sits on the Board of Overseers of the Einstein Healthcare Network.
About Graboyes Efficiency Tenant and the metered energy efficiency transaction structure (MEETS)
Graboyes Efficiency Tenant LLC, launched in July of 2018, is a Philadelphia-based energy services company that delivers the groundbreaking metered energy efficiency transaction structure (MEETS) to the Greater Philadelphia region.
MEETS is a powerful financial tool that allows energy efficiency to be generated, bought, and sold much like electricity. The transaction structure of the MEETS concept provides building owners with a long-term, rent-paying tenant that leases the privilege of making deep energy efficiency improvements to buildings – beyond those typically attainable via conventional financing approaches. The tenant then sells the newly created efficiency to a utility company. Graboyes Efficiency Tenant is the first company in the world formed specifically to serve as such a tenant to building owners.
Graboyes Efficiency Tenant works in collaboration with its sister companies, the architectural glazing and window installation firm Graboyes Commercial Window Company and the building performance firm Graboyes Smart Buildings, providing expertise in energy services project development and access to financial partners that support MEETS-based projects.
The Efficiency Tenant team cumulatively has more than 50 years of experience in energy services project development and implementation, having been involved in the design, development, construction, and operation of net-zero, passive house, and high-performance buildings throughout the United States. Graboyes is a member of the US Green Building Council and Philadelphia’s Green Building United, and it serves as a sponsor for the Philadelphia 2030 District. Its sister company Graboyes Commercial Window Company is a US Top-50 MBE-certified leader among architectural glazing firms and building envelope experts.