NORESCO Increases Performance Contract With Alabama Department of Corrections
WESTBOROUGH, Mass. — NORESCO announced that it has increased its energy savings performance contract with the Alabama Department of Corrections (ADOC) to include two new phases of work totaling an additional $22.4 million investment. NORESCO specializes in the development, design, construction, financing, and operation of energy and environmental efficiency projects, and is a unit of Carrier Corp.
Energy conservation measures at ADOC facilities in Phases 2 and 3 of the project are funded by excess guaranteed savings from the original phase of work and incremental guaranteed savings over the life of the 20-year contract.