Ithaca, NY (WBNG Binghamton) Some Ithaca businesses are betting that by pooling their energy resources, they'll save money.
The Ithaca Downtown District Energy project has entered the second of four phases.
The goal is to design combined heat and power systems that will be shared by downtown businesses creating what project organizers are calling an "energy district."
Herbert Dwyer, CEO of ASI Energy and project manager, said business owners and city leaders are excited as the project moves into its second phase.
"They're excited to lower the cost of energy, and to be apart of something new," said Dwyer, "And something that can actually change the face of downtown."
In phase two, engineers and designers will decide what kind of systems should be used to provide heat and power to the new district.
The project is expected to reduce energy consumption by almost 50 percent and help meet Ithaca's goal of reducing its greenhouse gases by 20 percent.
The entire project is being overseen by, Energize Ithaca, a non-profit research group founded in 2011 to reduce energy costs and lower greenhouse gas emissions in the City of Ithaca.