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Guaranteed Energy Savings Performance Contract

Project Description:

An energy service company (ESCO), such as AMERESCO, provides comprehensive energy and water management analysis plans as well as energy and water-related capital improvement services.Enabled by Kentucky Revised Statute 56.774, energy savings performance contracting is a cost-effective process for energy upgrades.Energy service companies guarantee that utility savings generated by facility upgrades are sufficient to pay back the capital investment during the next twelve years.If the project does not provide these returns on the investment, the ESCo is responsible for the difference.No renovations that do not affect energy savings will be done as part of this initiative.This project will help meet the overall University goal, which is to decrease the university's overall energy demands by 10-15 percent.Energy conservation measures in the project that will reduce the university's overall energy consumption include: Upgrades to lighting systems to the latest electric saving technology; fume hood controls in Chemistry/Physics; HVAC systems; steam and chiller plant controls; Installation of motor speed drives (VFD's) to save energy during mild weather conditions; Energy management software to monitor usage in real time; and automatic utility metering devices; Replacement of old plumbing fixtures to the latest water saving technology; Repair of pipe insulation; Behavioral modification programs to encourage energy conservation, tailored for campus and developed, implemented and measured to maximize effectiveness and initiate a culture of energy efficiency.

 

UK Project Manager: Rich Reidl - riedl@email.uky.edu
Consultants:
Contractor: Ameresco Inc.
Construction Start: 8/31/10

Project Status: Complete


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Location: University Wide
Square Feet:
Project Scope: $25,000,000
Completion: 11/30/11
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University of Kentucky
Capital Project Management Division
Room 222 Peterson Service Building
Lexington, KY 40506-0005
(859) 257-5911 Fax (859) 323-1017

Last update: 6/29/12

An Equal Opportunity University | email to: cpmdpagemaster