5 began working with The Museum of Modern Art, New York by providing services that helped the museum capitalize on energy-related tax rebates that are available to non-profit institutions in Con Edison’s service territory. Recently, with rising energy prices, MoMA contracted 5 to help develop a new and proactive procurement strategy for the museum’s natural gas and electricity requirements. 5’s energy team worked with the museum to develop a plan that makes incremental purchases in a rising and volatile energy market. Applying these best practices enables the museum to reduce its exposure to volatile prices while also lowering energy costs over time.
5 also assisted MoMA in processing and submitting an application to the New York Power Authority (NYPA) to obtain an allocation of low-cost hydroelectricity through the ReCharge NY program. The successful electricity allocation from this program, which is available to qualified businesses and non-profits throughout the state, materially lowers MoMA’s energy costs over the seven-year term of this award.
5 is privileged to work with an institution like MoMA that is committed to preserving, promoting, and inspiring the arts today and for the next generation of artists.
