Ohio University to Save an Estimated $38 Million Through Energy Performance Contract with Constellat
Ohio University to Save an Estimated $38 Million Through Energy Performance Contract with Constellation
University implements water and energy conservation measures at 72 buildings for guaranteed energy and operational savings
BALTIMORE & ATHENS, Ohio--(BUSINESS WIRE)-- Constellation and Ohio University today announced a guaranteed energy performance contract (EPC) for more than $38 million in water and energy cost savings over a 15-year period.
Constellation was selected by competitive bid to provide energy efficiency and water conservation measures for 72 buildings at Ohio University's main campus in Athens, Ohio. Under the terms of the EPC with Constellation, the upgrades require no upfront capital from the university. Ohio University will use the guaranteed energy and operational savings from the conservation measures to fund the approximately $28 million project through low interest bonds from the Ohio Air Quality Development Authority.
"We are excited to work with Constellation on this endeavor," said Ohio University's Vice President for Finance and Administration Steve Golding. "This relationship will not only provide significant cost savings for the University, but will also move us closer to achieving the long-term goals outlined in our sustainability and climate action plans."
By implementing water and energy conservation measures, Ohio University expects to conserve an estimated 9 million gallons of water and avoid the creation of 50,145 metric tons of carbon dioxide annually over the next 15 years.
"This project is a great example of the value of energy conservation and energy performance contracting for our public sector customers," said Michael D. Smith, vice president of solar and energy efficiency sales for Constellation. "We look forward to working with Ohio University to help maximize energy savings and meet its environmental goals."
The conservation measures installed by Constellation include: campus-wide interior lighting retrofits; air system and tower condition improvements; HVAC Direct Digital Controls expansion, upgrade and integration; variable-frequency drive installation on up to four dozen fan motors; kitchen hood improvements; pipe and blanket insulation; retro-commissioning of various building equipment and water conservation measures.
Work is scheduled for completion by summer of 2014.
A NAESCO-accredited Energy Services Provider, Constellation has assisted commercial customers and public agencies throughout the U.S. to implement energy performance contracting programs. Customers interested in energy efficiency and environmental solutions may contact Constellation at 1-800-4ENERGY or firstname.lastname@example.org.
Constellation (www.constellation.com), a business unit of Exelon Corp., is a leading competitive retail supplier of power, natural gas and energy products and services for homes and businesses across the continental United States. Constellation's retail business serves more than 100,000 business and public sector customers, including more than two-thirds of the Fortune 100, and nearly one million residential customers.
Exelon Corporation (NYS: EXC) is the nation's leading competitive energy provider, with approximately $33 billion in annual revenues. Headquartered in Chicago, Exelon has operations and business activities in 47 states, the District of Columbia and Canada. Exelon is the largest competitive U.S. power generator, with approximately 35,000 megawatts of owned capacity comprising one of the nation's cleanest and lowest-cost power generation fleets. The company's Constellation business unit provides energy products and services to approximately 100,000 business and public sector customers and approximately 1 million residential customers. Exelon's utilities deliver electricity and natural gas to more than 6.6 million customers in central Maryland (BGE), northern Illinois (ComEd) and southeastern Pennsylvania (PECO). Learn more at: www.exeloncorp.com.
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