by AF0301 e5 — March 4, 2009—Honeywell has received a contract from the US Army Corps of Engineers to help the Department of Defense and other agencies increase energy efficiency, leverage renewable energy and save water. The work will be performed under the federal Energy Savings Performance Contracts (ESPCs) program and builds on the Department of Energy contract Honeywell recently secured to implement up to $5 billion of similar projects in government facilities across the globe.
Using ESPCs, federal agencies can pay for facility improvements through the energy and operating savings the upgrades produce over a specified timeframe, which is up to 25 years under the Army Corps of Engineers program. Honeywell obtains the necessary financing and guarantees the savings so that the work does not require an upfront investment or impact operating budgets. As a result, explains Honeywell, the government is able to reduce costs, cut greenhouse gas emissions, and create more efficient and comfortable facilities without additional taxpayer funding.
Honeywell was one of 16 energy services companies to receive a contract for this new program, which could involve as much as $900 million in energy efficiency, renewable energy and water conservation projects over the next 10 years, according to Honeywell.
Honeywell has provided strategic energy solutions to the federal government the largest energy user in the United States, for nearly 30 years. Nearly 50 percent of Honeywell’s product portfolio company-wide is linked to energy efficiency. The company estimates the global economy could operate on 10 to 25 percent less energy by using today’s existing Honeywell technologies.
For more information, see the Honeywell Web site.
