Inside these posts: BOMA/Chicago

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Korea to bankroll ’smart’ Chicago skyscrapers

By dimming lights or lowering water temperature on a massive scale, the owners of some of Chicago’s signature skyscrapers are banking on new technology that would dramatically cut the city’s energy usage and save millions of dollars.

The technology is being bankrolled by an unusual source: The Republic of Korea, which, under a complex agreement to be signed today, has agreed to install energy-saving equipment in up to 14 Chicago buildings during the next few months. Korean officials have pledged to pay millions to Illinois colleges for research and development efforts related to “smart grid” technology. Get the full story »