Pepco Energy Services Selected for $5.3 Million Performance Contract at Virginia Tech
Pepco Energy Services will install more than $5.3 million in new energy conservation measures for five buildings on the university campus which comprise nearly 561,000 square feet of academic, athletic, and student dining areas. Phase One of the project will include HVAC controls upgrades, cooling tower retrofits, variable frequency drives, kitchen ventilation upgrades, steam system repairs, building envelope sealing, water conservation measures, and lighting retrofits.
“Virginia Tech is pleased to partner with Pepco Energy Services in this important first phase of what hopefully will be a multi-phase energy savings performance contracting initiative to help us achieve our climate action commitment objectives,” said Mike Coleman, associate vice president and chief facilities officer.
Following the approval of Virginia Tech’s Climate Action Commitment Resolution in 2009, the accompanying Sustainability Plan established a key action item to develop a ‘campus demand side and load management program’ involving energy savings performance contracting,
The new and improved energy infrastructure is expected to reduce energy consumption by more than 10 percent in the respective buildings and lower carbon dioxide emissions by approximately 4,200 metric tons. Over the 11-year performance period, Virginia Tech expects to save more than $8.4 million.
“Pepco Energy Services is pleased to have entered into a partnership with Virginia Tech as the university seeks to decrease its carbon footprint,” said John Huffman, president and chief executive officer of Pepco Energy. “This project highlights Virginia Tech’s commitment to providing an energy-efficient environment for its students, staff, and faculty.”
The project is currently underway and is due to be completed by February 2013.
Pepco Energy Services said it has recently contracted a number of similar projects for such customers as the Virginia Department of Military Affairs, Prince William County Schools, Maryland Port Administration, and Delaware Technical Community College. According to the company, it has saved its clients more than $210 million in energy costs over the last decade.
For more information, visit www.pepcoenergy.com.
Publication date: 02/20/2012