With buildings responsible for about 40% of the world’s energy consumption, and an estimated additional 85% of the existing urban and commercial floor space required by 2025, energy has become a substantial cost factor for every building. This week, in Washington D.C., hundreds of international leaders and delegates have come together for what has become the most influential gathering of energy efficiency professionals in the world: the Energy Efficiency Global Forum (EE Global).

Andreas Schierenbeck One of the conference’s “Thought Leaders,” Andreas Schierenbeck, CEO of ThyssenKrupp Elevator, will highlight some of his company’s energy-saving technologies. These include the regenerative products being used in the new One World Trade Center — capable of generating enough energy to power the building’s lighting system; space-saving TWIN elevators which can increase a building’s usable floor space by up to 30%; and modernization technologies for use in existing buildings — a possible solution for the nearly two million units in the U.S. equipped with outdated elevator technologies.

Commenting on sustainable urbanization solutions, Mr. Schierenbeck said, “The time to integrate technology in buildings is now. The expertise and products already exist and, coupled with legislation and financial incentives to go green, the possibilities are endless. The EE Global Forum is an important platform to showcase the strides taken in working toward a more sustainable future, and ThyssenKrupp is poised and ready to take the next steps in achieving energy self-sufficiency in our existing and future cities.”

Corresponding with the staggering rate or urbanization is the global demand for elevator equipment and services, which is projected to rise over five percent annually from the current $62 billion to $73 billion by 2016. Mid- and high-rise buildings — proven to be the most environmentally and cost effective constructions — are rising higher with every passing year. With the mobility of people within urban buildings as important a utility today as water or electricity, elevator technologies have a significant role to play in reconciling the demands of unstoppable urbanization with the necessities of energy sustainability and economic efficiency.

With regard to ThyssenKrupp’s long-standing presence in the U.S., Mr. Schierenbeck added, “As the largest employer in the country’s elevator industry, which accounts for 14% of the global elevator market and expected to grow from a market value of $9.3 billion in 2013 to $10.3 billion in 2019, ThyssenKrupp is bullish on growth in the region. With solutions fully-adjusted to U.S. market requirements, we will continue our policy of local manufacturing, invest in local employees, strengthen our Maintenance Services business, and expand our modernization business with energy efficient solutions.”

EE Global is hosted by The Alliance to Save Energy and is being held at the Walter E. Washington Convention Center in Washington, D.C. May 20-21.