by AF0822 I5 — August 25, 2010—Schneider Electric, a specialist in energy management, has been awarded an $18.5 million energy savings performance contract (ESPC) with the General Services Administration (GSA) Region 7 to improve energy efficiency, operations and comfort in 16 federal buildings in Texas.
In December, 2008, Schneider Electric was awarded an Indefinite Delivery Indefinite Quantity (IDIQ) ESPC from the Department of Energy (DOE), making the company one of 16 prequalified energy services companies (ESCOs) of the federal government and thus eligible to compete for the GSA project.
Schneider Electric will design, engineer and implement the upgrades to the 16 facilities involved in the GSA project to provide a comprehensive solution that will help the buildings reduce energy use and costs, make use of renewable energy, and guarantee compliance with current laws and regulations such as the Energy Independence and Security Act of 2007 (EISA 2007).
GSA will invest American Recovery and Reinvestment Act funds as well as three years of private-sector financing, in which the money saved from reduced energy consumption will be used to repay the loan.
When the installation is complete in August 2011, Schneider Electric guarantees that the GSA Region 7 will save close to $4.7 million over the duration of the five-year contract and 14 percent in energy savings, as well as reduce carbon emissions by 7,109 greenhouse gas (GHG) tons per year.
For more information, visit Schneider Electric.
