Energy Manage energi logo

Risk Manager Will Warrant Energy Retrofit

Energy Manage energi logoEnergi, a provider of risk management and insurance programs for the energy industry, will provide a warranty for energy efficiency retrofits at the Kuakini Medical Center in Honolulu, Hawai’i. Metrus Energy, an efficiency services financer, will finance and implement $5.8 million in energy upgrades at the medical center, including a new central cooling and heating plant, lighting upgrades and energy management and controls system.

Acceptable risk is an obstacle to financing many efficiency projects. Metrus will fund initial costs to construct, maintain and monitor the energy-saving improvements through its Efficiency Services Agreement. Kuakini will pay Metrus for realized energy savings once the project becomes operational. Upon completion in September, Kuakini will achieve annual cost savings of more than $1 million. Metrus has partnered with Energy Industries Corporation for project installation and ongoing maintenance, and New Resource Bank as their debt financier. Energi’s Energy Savings Warranty (ESW) will backstop the project performance guarantee offered by Energy Industries to Metrus.

Energi’s Energy Savings Warranty (ESW) program is written through the International Insurance Company of Hannover.

Financing Environmental Resiliency and a Low-Carbon Future with Green Bonds
Sponsored By: NSF International

  
6 Things to Consider When Deciding Whether to Build or Buy Software
Sponsored By: Progressly

  
The Corporate Sustainability Professional's Guide to Better Data Management
Sponsored By: Urjanet

  
Practical Guide to Transforming Energy Data into Better Buildings
Sponsored By: Lucid

  

Leave a Comment

User Name :
Password :
 
If you've no account register here first time
User Name :
User Email :
Password :

Login Now