by Rebecca Walker — January 26, 2009-Honeywell announced that it has received an Indefinite Delivery Indefinite Quantity (IDIQ) Energy Savings Performance Contract (ESPC) from the Department of Energy.
The contract allows Honeywell to implement up to $5 billion of energy-efficiency, renewable-energy and water-conservation projects at federally owned buildings and facilities, nationally and internationally, over the next 10 years.
Honeywell received one of 16 new IDIQ ESPCs. Using ESPCs, federal agencies can pay for facility improvements through the energy savings they generate. Honeywell obtains the necessary financing and guarantees the customer savings so the work does not require an upfront investment or effect operating budgets. As a result, government agencies are able to reduce costs, cut greenhouse gas emissions, and create more efficient and comfortable facilities without additional taxpayer funding.
The contract builds on Honeywell’s nearly 30 years of experience providing strategic, effective energy solutions for the federal government, the largest energy user in the United States.
Honeywell International is a $37 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. For more on the company, see its Web site.
