Energy service companies (ESCOs) can help institutional and commercial facilities achieve their goals in areas like efficiency and sustainability. Thanks to an ESCO, the largest energy performance contract ever agreed upon in the state of Colorado in the shape of an $83 million construction project at the Denver International Airport, is under way.
McKinstry Essention signed an agreement with the airport on a contract that reportedly guarantees a 19.6 percent reduction in energy savings, 28.3 percent reduction in water use and more than 30,200 metric tons of CO2. A measure used by Colorado’s Social Cost of Carbon figure for 2002 projects that the contract means $1.3 million in carbon-avoidance benefits.
The Denver Gazette quoted an official as saying that the airport will save $5 million a year in electricity, natural gas, water and sewer charges as well as operational savings.
Replacement aspects of the project include:
Construction on the projects is expected to start this month and measurement and verification period will continue over the next seven years.
Dave Lubach is the managing editor of the facilities market.
