The 12-year contract calls for Pepco Energy Services to provide energy conservation measures in 15 buildings on the ASU campus.
As part of the performance contract, Pepco Energy Services will install over 8,800 energy efficiency lighting fixtures and water saving fixtures, replace and upgrade heating and air conditioning systems, update building automation systems in nine buildings, install a solar thermal water heating system for the varsity gym and add LED lighting to the River Street parking deck.
The project will also include an Energy Awareness program with a website that will monitor how much energy is being used in buildings where energy efficiency measures have been performed.
With guaranteed annual energy savings exceeding $550,000 per year, this project will allow ASU to add over $5.4m in energy infrastructure paid by savings over the life of the contract.
Greg Lovins, vice chancellor of business affairs at ASU, said: “The contract with Pepco Energy Services will allow us to save energy and also meet energy savings mandated by state law. We get the benefit of new equipment and new technology paid from energy savings.”
John Huffman, president and chief executive officer of Pepco Energy Services, said: “With a 30% reduction in ASU’s annual energy and water consumption, the environment also wins by eliminating 2.3m pounds of carbon dioxide from the atmosphere.”
Construction has begun and is expected to be completed by the end of 2010.
