Pepco Energy bags $5.3 million energy savings performance contract from Virginia Tech

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Pepco Energy bags $5.3 million energy savings performance contract from Virginia Tech


By Greentech
Lead Team: Pepco Energy Services, a subsidiary of Pepco Holdings, has signed a
$5.3 million deal to implement a comprehensive energy savings performance
contract project for Virginia Polytechnic Institute and State University in
Blacksburg, Va.

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.

“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.

The company
said Pepco Energy will install more than $5.3 million in new energy
conservation measures for five buildings on the university campus.

Pepco
Energy’s responsibilities include lighting retrofits, HVAC controls upgrades,
water conservation measures, variable frequency drives, kitchen ventilation
upgrades, cooling tower retrofits, building envelope sealing, and steam system
repairs.  

The new and
improved energy infrastructure is expected to reduce energy consumption by more
than 10 percent and offset carbon dioxide emissions by 4,200 metric tons. Over
the 11-year performance period, Virginia Tech expects to save more than $8.4
million.

“Pepco
Energy Service is pleased to have entered into a partnership with Virginia Tech
as the university seeks to decrease its carbon footprint. This project
highlights Virginia Tech’s commitment to providing an energy-efficient
environment for its students, staff, and faculty,” said John Huffman, president
and chief executive officer of Pepco Energy.  

Recently,
Virginia Department of Military Affairs selected
Pepco Energy Services to implement a comprehensive energy savings performance contract
project.


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