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Search Results for: "energy savings performance contract"

McKinstry Wins $10.8M ESPC with Federal Center

The General Services Administration Region 8 Federal Center in Lakewood, Colo., signed a 20-year energy savings performance contract (ESPC) with McKinstry for 15 buildings, reports the Lakewood Sentinel. The $10.8 million contract is projected to result in a total energy savings of 47,000 MMBtu per year. McKinstry has identified about $600,000 in utility rebates for   …Continue Reading

‘Variable Payment Plan’ for Smaller Energy Efficiency Projects

Noesis has a new financing vehicle to expedite energy efficiency upgrades for mid-market projects – ranging from $500,000 to $3 million – in the commercial and industrial sector. Noesis says its Shared Savings Agreement (SSA) is modeled after the solar power purchase agreement (PPA) concept and backed by an initial fund of $30 million, underwritten   …Continue Reading

Energi Warrants Energy Savings for Retrofit

Energi, a provider of risk management and insurance programs for the energy industry, will provide an energy savings warranty for a Toronto Atmospheric Fund (TAF) energy efficiency retrofit in Toronto, Ontario. The energy savings warranty will enable TAF to finance and implement $460,000 in energy upgrades to the Robert Cooke Co-Operative Homes, achieving annual cost   …Continue Reading

Honeywell Implements $61M ESPC for Arsenal

The Army’s Rock Island Arsenal Joint Manufacturing and Technology Center in Illinois broke ground on a $61 million infrastructure modernization project that will cut energy use by about 35 percent and generate up to $5.3 million in annual energy and operational savings. The project will save nearly 5.5 million kWh each year. The Army launched the   …Continue Reading

Ameresco Begins $45M ESPC for General Services

Ameresco started project construction of its $45 million Energy Savings Performance Contract (ESPC) with the US General Services Administration (GSA). The ESPC will serve two federal buildings: the New Carrollton Federal Building in Lanham, Md., and the Silver Spring Metro Center 1 building in Silver Spring, Md. About 1 MW equivalent of on-site renewable energy   …Continue Reading

Schneider Wins $5.7M ESPC with Texas Town

Schneider Electric signed a $5.7 million energy savings performance contract (ESPC) with the city of Clute, Texas. The implementation of a variety of retrofits to aging infrastructure are being financed through the ESPC, including lighting and water metering, as well as the installation of a new wastewater treatment plant. The project is expected to save   …Continue Reading

Database Tracks 2014 Energy Legislation

According to the Center for the New Energy Economy (CNEE), which tracks energy legislation in all 50 states, the most common energy legislation in 2014 relates to changes in PUC procedures, authority and rate recovery. Examples of legislation in this class include a proposal in West Virginia (HB 2803) to require integrated resource planning and   …Continue Reading

Joule Assets Tries New Scheme to Finance Smaller Energy Efficiency Projects

Joule Assets has come up with a financing scheme that could enable more small businesses to obtain capital for energy efficiency projects. Joule Assets works with vendors of energy efficiency services, providing them with funds. They, in turn, loan the money to the end-user businesses. Joule Assets today announced its first vendor customer is, a   …Continue Reading

Schneider Wins $6.4 Million Net Zero Energy ESPC

The US General Services Administration has awarded Schneider Electric a $6.4 million Energy Savings Performance Contract for the Almeric Christian Federal Building in St. Croix, US Virgin Islands. As part of GSA’s Deep Retrofit Challenge, this project will install energy efficiency improvements and renewable energy systems at the St. Croix site, making it one of   …Continue Reading

GSA Awards Siemens $37M Energy Savings Performance Contract

The General Services Administration (GSA) recently awarded a $37.2 million task order to Siemens Government Technologies to implement energy efficiency upgrades in its Great Lakes Region (Region 5). Using an Energy Savings Performance Contract (ESPC) from the Department of Energy, the cost of the project will be funded by the energy savings guaranteed by Siemens.   …Continue Reading

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