Using Energy Savings Performance Contracting for Infrastructure and Sustainability Improvements
ESPC Process in Practice:
- Evaluate, audit, and analyze facilities
- Identify energy efficiency opportunities and quantify impact of each opportunity
- Prioritize Opportunities: Balance payback with organizational goals to deliver both outcomes and savings
- Project financing (if needed) and implementation
- Track, measure, and verify each ECM to validate savings
Why Would I Consider an ESPC, and What are the Benefits?
- You have improvements that need to be made, but not a lot of funds to do it. Whether your infrastructure is aging and you have deferred maintenance or you are working to meet an ambitious carbon reduction goal, an ESPC can help achieve your outcomes without upfront cash and with guaranteed savings that can be used to support debt financing.
- You have a multi-year capital improvement plan, but you could really benefit from having all the improvements sooner. With an ESPC, you can accelerate your timeline, allowing you to enjoy renewed building infrastructure sooner and start realizing energy savings faster. Additionally, by avoiding the time-consuming, piecemeal low-cost bid process, you’ll be able to minimize countless hours spent on managing prioritization and procurement.
- You want proof and peace-of-mind that energy saving measures are performing as expected. If you’re using energy savings to finance the project or you want to report on a carbon reduction goal, the measurement and validation process that is built into an ESPC will help you verify the energy savings to support your goals and communicate the results to your stakeholders.
This Sounds Great, but How Do I Make Sure My ESPC is Successful?
The ESPC process is regarded as a highly effective, risk-managed method for pursuing infrastructure improvements. The most critical element to consider with an ESPC is which energy services company you will work with to be your ESPC collaborator. You’ll want to choose a provider that is a NAESCO approved energy services provider (ESP) or ESCO, which will indicate that the firm has the strength and track record to stand behind the performance guarantees. The National Association of Energy Services Companies (NAESCO) has a list of accredited member companies.
Trane energy savings performance contracts are already delivering more than $1 billion in guaranteed savings to customers.
Trane is accredited by the National Association of Energy Services Companies (NAESCO) as an Energy Services Provider (ESP), a U.S. Department of Energy (DOE)-qualified Energy Services Company (ESCO), and the Canadian Federal Buildings Initiative qualified bidder.
Speaking of Track Records, Explore a Few of our Success Stories using ESPC:
How do you get even MORE value from your ESPC?
Partnering with Trane opens the doors to student learning and workforce development opportunities, expanding your infrastructure into an experiential learning environment.
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