The second tallest luxury residential building in Chicago, 340 On the Park, eliminates over 2,000 gallons of storage and saves 27% gas cost annually without sacrificing comfort for its residents.
The previous water heating system consisted of two commercial 2 million BTU tank type heaters with over 2,000 gallons of storage. The units were located on the penthouse floor of the building and were in various stages of failure within 7 years. The labor and helicopter service necessary to replace the two boilers were not covered by their warranty.
The Intellihot Solution
Four iQ1001 units were installed and cascaded together, to create a combined capacity of 4 million BTUs. Intellihot’s ingenious method of masterless cascading ensures high reliability along with limited down-time. Intellihot’s plug and play set up ensured a rapid change out without a need to re-balance the entire building.
“We have been very pleased with the installation and performance of the system and proud to be at the forefront of demonstrating an energy-efficiency breakthrough in the building community. Any building that has a domestic hot water boiler capital project in the future should be considering Intellihot.”
– Amy Eickhoff, Building Manager
About 340 On the Park – Chicago, Illinios
340 On the Park is a 68-storey luxury condominium tower located next to the Millennium Park in Chicago, and was completed in 2007. It is currently the second tallest all-residential building in Chicago, with 68 floors, which houses 344 residential units, and these are a combination of multi-bathroom and multi-bedroom units. The first residential tower in the Midwest to achieve Silver LEED Certification for its “green” design, it also boasts a large winter garden for its residents.
Intellihot is an innovative designer/manufacturer of built-environment systems that challenge legacy approaches for sustainability. Under the leadership of founder and CEO Sridhar (Sri) Deivasigamani, today Intellihot offers a range of tankless water heaters designed and built for commercial applications with a focus on sustainability, cost savings, and water quality safety. Winner of an Edison Award for Best New Product in 2022, Intellihot serves the hospitality, restaurant, multi-family housing, senior living, commercial facility and plumbing industries. Intellihot has operations in suburban Chicago, Galesburg, Ill. and distributors across North America. Learn more at www.intellihot.com or by following the company on Twitter and LinkedIn.
About WAVE Equity Partners
WAVE Equity Partners (WAVE) is an independent sustainability-focused investment firm. We partner with early-growth companies whose proven clean technologies drive meaningful bottom-line impact and environmental benefits for large industrial manufacturers. Our industry knowledge and dedication to true partnership allow us to identify and support leaders whose innovative solutions are commercially accepted, deliver immediate impact and are poised to scale. WAVE is currently investing out of its third institutional fund and has approximately $440 million under management (AUM) as of June 30, 2023. For more information please visit https://waveep.com/ or by following the company on Twitter and LinkedIn.