Green Revolving Investment Tracking System 1.0

Overview

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The Green Revolving Investment Tracking System (GRITS 1.0) is designed to manage every aspect of an institution’s green revolving fund (GRF) including aggregate and project-specific financial, energy, and carbon data.

This secure, account-based web tool lets institution administrators selectively grant access to campus stakeholders involved in GRF management, including student leaders and interns, sustainability staff, and facilities personnel. GRITS is useful for identifying which efficiency projects to fund all the way through reporting energy savings.

GRITS In 60 Seconds

A one minute video tour of the GRITS project tracking tool.

Videos

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To better illustrate GRITS 1.0 and provide a visual example, SEI has produced a brief six minute video tour. This video illustrates how GRITS can streamline the measurement and tracking of project data and help produce Reports with informative visuals. A webinar presented on April 17th, 2014 also provides an in-depth description of the GRITS 1.0 platform and includes information on the GRITS Affiliates program as well as a case study of GRITS at Denison University in Ohio.

GRITS 1.0 Video (6 minutes)
GRITS 1.0 Video

GRITS 1.0 Webinar (55 minutes)
GRITS_video

Interested in a personal tour of GRITS 1.0 or a free 30-day trial access? Contact Aaron Karp, Research Fellow, at grits@greenbillion.org

Project Identification and Selection

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The GRITS project library allows all institutions in The Challenge and in the GRITS Affiliates program to view completed projects from other GRITS users, inspiring staff and administrators to consider similar projects at their institutions. When deciding which project to finance, knowing how it will fit into the fund’s future performance portfolio and institutional goals is important. Each project entered in GRITS has its own dedicated page, allowing easy viewing of predicted financial indicators, such as payback period and return on investment, and environmental benefits such as energy use reduction and abated carbon emissions.

Tracking and Managing

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With projects that are actively paying back the GRF, GRITS tracks the year-by-year resource savings, indicating how much money to repay the GRF loan each payment period and matching up with an institution’s fiscal year calendar. If energy prices and savings change, editing these numbers in GRITS will track realized financial gains and resource-use reduction over time. Since each GRF is constructed based on varying institutional priorities with specific criteria, GRITS is customizable so you can indicate the amount and the frequency that the savings will repay the fund.

Reporting

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With GRITS 1.0, users can transform the institution’s data into informative visuals. It’s easy to report project performance by creating customized graphs based on aggregate and project-specific financial, energy, and carbon savings data, projecting savings over the next five years. Graphs can also show which buildings are seeing the most project success and which types of projects the GRF has invested. After selecting one or more graphs and charts for a single report, the user can print a hard copy of results, export to pdf, export data to Excel, or download images of the graphs.