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    Blackstone: Customer Story Key Figures

    • Green earth icon 15% reduction of CO2
    • Default Alternative Text Tens of millions of energy savings from sustainability and energy sourcing
    • Default Alternative Text Get the right source of energy at the lowest possible rates
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    • Changing sustainability perceptions

      With innovative technology and services at every level of the organization, Blackstone developed an aggressive and sustainable energy-management strategy, which is paying dividends at over 20 portfolio companies and counting.

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    Learn how your business can achieve success with EcoStruxure: Innovation at Every Level.
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    The Challenge

    • Blackstone is one of the world’s largest private equity firms, managing more than $365 billion in assets. To stay ahead in a competitive market, the company looks for every opportunity to save and is quick to move and capitalize on smart investments.

    • Blackstone oversees operations across multiple industries and geographies – a portfolio with a sizeable energy spend.

    • To manage resources and expenses, Blackstone needed actionable energy and sustainability data for the companies it owns and supports.

    • “It’s critical to handle each region with some level of consistency. We’re a data-driven organization. And I approach sustainability the same way. I have to have good data no matter the location,” said Don Anderson, Chief Sustainability Officer at Blackstone.

    The Solution

    Connectivity and Efficiency with EcoStruxure™
       Apps, Analytics & Services : Resource Advisor enterprise data management platform
       Energy & Sustainability Services : Energy consulting and strategic energy sourcing

    • Working with Schneider Electric, Blackstone developed an aggressive energy-management and sustainability strategy.

    • Blackstone uses EcoStruxure Resource Advisor, a cloud-based platform that captures and normalizes energy and utility data at all levels of the company’s portfolio, from individual sites to regional cross sections.

    • The technology is paired with an Energy & Sustainability Services consultant from Schneider Electric, dedicated for each site. These experts help interpret the data, and pinpoint and act on opportunities for efficiency improvements.

    • Data from Resource Advisor allows Blackstone to negotiate contracts with utilities and other suppliers, getting the right source of energy at the lowest possible rates.

    • The data is also used to develop sector-specific scorecards, which are automatically updated to drive program participation across critical KPIs.

    The Results

    • Active energy management programs and collaboration at over 20 portfolio companies and counting.

    • Tens of millions in energy savings from sustainability efforts and strategic energy sourcing.

    • Ongoing relationships and cost reduction with companies after they have been divested.

    • “Having data on past performance helps me make the case to the next business,” Anderson said.