---
title: Banks | Energy Efficient Technologies
description: Discover how CryoGenX4 can revolutionize the banking industry by reducing costs and carbon emissions, making banks greener and more efficient globally.
---

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# Banks

CryoGenX4 offers a powerful opportunity for banks to reduce operational costs and environmental impact simultaneously, creating a greener, more efficient banking industry.

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The global impact of CryoGenX4 on banks would yield **considerable financial savings** and **environmental benefits.**

With approximately **110,000 banks worldwide**, implementing CryoGenX4 could make a significant difference.

![Bag of Coins Icon](https://www.esquaredt.com/hubfs/2953867_bag_coin_coins_dollar_money_icon.svg)

## **Monetary Impact:**

- Banks typically spend about **$50,000 to $100,000 annually** on electricity.
- With CryoGenX4, banks could save 10%, equating to **$5,000 to $10,000 per year** in energy costs per location.
- Across 110,000 banks, this would result in total savings of **$550 million to $1.1 billion annually**.

![ C02 Ic](https://www.esquaredt.com/hubfs/9079098_co2_carbon_dioxide_emission_pollution_icon.svg)

## **Environmental Impact:**

- Banks contribute to a significant portion of Scope 2 carbon emissions, as they rely heavily on HVAC systems and lighting.
- A **10% reduction **in energy use would meaningfully lower their carbon footprint, aiding in global efforts to reduce greenhouse gas emissions and contributing to sustainability goals within the financial sector.

## Bank Past Performance

![Variety of Bank Logos](https://www.esquaredt.com/hs-fs/hubfs/Banks.webp?width=973&height=406&name=Banks.webp)

### Bank Case Studies

#### 1st Mariner Bank

 Energy Efficient Technologies performed energy audits, LED lighting upgrades, HVAC optimization and tune up programs and deployed the family of CryoGenX4 products in all branches throughout Baltimore...

[ Read More ](https://www.esquaredt.com/case-study/first-mariner-bank?hsLang=en)

#### FNB Bank

 Energy Efficient Technologies performed energy audits and then performed LED upgrades and CryoGenX4 deployments in all equipment in all locations locations throughout West Virginia. Reduced Overall...

[ Read More ](https://www.esquaredt.com/case-study/fnb-bank?hsLang=en)

#### First Hawaiian Bank

 Energy Efficient Technologies tested HVAC optimization now in the fourth patented generation called CryoGenX4 products in Oaha. Summary Results The electricity bill is made up of three components:...

[ Read More ](https://www.esquaredt.com/case-study/first-hawaiian-bank?hsLang=en)

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** Energy Efficient Technologies**   
400 East Pratt Street, Suite 800  
Baltimore, MD 21202

800-344-8132 (Office)

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