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TD Bank to Open Nation's First Net-Zero-Energy Branch

A new Fort Lauderdale TD Bank store will open this spring producing as much electricity as it needs to operate.

TD Bank announced today it will open the the first "net-zero energy" bank branch in the United States. When the new branch, located in Fort Lauderdale, Fla., opens this spring, it will produce at least as much energy as it consumes.

The new TD Bank building will open with the LEED Platinum certification, the highest level of LEED certification available. But it will also carry another energy efficient designation. TD Bank says the branch will also achieve a NZEB (net zero energy building) B classification, the second highest of four designations in that category. The National Renewable Energy Laboratory identifies a net zero energy building as a commercial or residential building that produces at least as much energy as it consumes, and is typically constructed both with energy-efficient technologies and renewable energy sources. The new TD Bank branch in Florida will use about 97,000 kilowatt-hours of electricity a year, but will produce at least 100,000 kilowatt-hours on site.

"The nation's first net-zero energy bank is a continuation of TD Bank's ongoing efforts to reduce our environmental footprint," said Jacquelynn Henke, Real Estate Green Strategy Officer, TD Bank. "In 2010 we became the largest U.S.-based bank to be carbon neutral by building LEED-certified stores and offices, and making continuous significant investments in renewable energy. With our new net-zero energy store, we are taking another step to become as green as our logo."

TD Bank based the new branch on its own green-store design standards, which were seen in several energy-efficient branches that opened in the U.S. last year.

"TD Bank is committed to being an environmental leader and making a positive social impact. Developing green stores isn't just the right thing to do, it makes good business sense too," said Bharat Masrani, President and CEO, TD Bank. "We are thrilled to open the first net-zero energy bank in the United States, and we will continue to work to reduce the energy we use. To us, being environmentally responsible is fundamental to being the better bank."

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