Navy Energy Manage

Pepco, Navy Enter $80.4M ESPC

Navy Energy ManagePepco Energy Services has been awarded an $80.4 million Energy Savings Performance Contract (ESPC) by the United States Navy at Naval Station Great Lakes (NSGL).

The contract awarded to the company — a subsidiary of Pepco Holdings – includes $42.4 million for investments in energy efficiency improvements and renewable energy systems. After construction, which is expected to take two years, the project will generate about $4 million annual in guaranteed energy savings. Overall, the project will generate about $79.9 million in guaranteed energy savings during its 16.5 year term.

Pepco will provide ongoing maintenance and other services once the construction is completed, according to the press release.

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