Energy Efficiency, Energy Procurement, Energy Storage - June 25, 2019
Texas A&M inks $6.9M energy savings performance contract
Texas A&M University-Corpus Christi will be implementing a number of campus-wide energy efficiency projects estimated to generate energy savings of more than $500,000 annually, the university announced June 25.
The project was finalized through a $6.9 million energy savings performance contract in 2016 with Ameresco, Inc. The company predicts that the efficiency upgrades will reduce energy demands and improve infrastructure reliability.
Texas A&M will front no costs for the project, instead funding it through operational and energy cost savings accrued during the contract term, according to a news release.
“We are laser-focused on ensuring we use university funds wisely, and these initiatives will greatly reduce our energy costs while also allowing us to replace capital budget items without having to incur capital costs,” said John Dawson, Ph.D., associate vice president for operations at Texas A&M University-Corpus Christi. “Ameresco is helping us to pursue much-needed system upgrades in a fiscally responsible way.”
The energy conservation upgrades will include central plant optimization, chiller replacement, demand response, building automation and the installation of irrigation controllers.