Siemens Partners with Federal Bureau of Prisons on Efficiency Measures
Project funded through an energy savings performance contract
ARLINGTON, Va. — Siemens has been awarded a $38.6 million contract by the Federal Bureau of Prisons (BoP) to implement a comprehensive set of energy and water conservation measures at two correctional facilities in eastern Kentucky that are expected to save the federal government and taxpayers $2.5 million annually.
Siemens Government Technologies Inc. (SGT) will implement this work through an energy savings performance contract (ESPC), a financial mechanism that allows federal agencies to reduce their energy use and costs by accelerating investment in cost-effective conservation measures while incurring no capital costs. The cost of the project is being funded by energy savings generated through energy conservation measures being installed and operated by the Siemens Building Technologies Division. The annual energy savings are guaranteed by Siemens and the project is expected to pay for itself in 20 years.