Energy Service Companies (ESCOs)
General Information:Financial Energy Management (FEM) is a Colorado-based independent energy service company that has been providing customers energy management contracting and consulting services since 1984 at over 800 facilities. FEM offers customers a range of services, including facility energy audits, water conservation audits, installation contracting and project management, and performance contract financing and guaranteed savings. In designing projects to meet customer goals, FEM uses such evaluation criteria as increased comfort, improved productivity, energy cost reductions, and solid investment returns. Recent projects:Recent projects of note include a lighting retrofit and window treatments for the Byron Rogers Federal Courthouse in Denver; a lighting retrofit, LED exit sign fixtures, and compact fluorescent replacement bulbs for the Children's Hospital, also in Denver. Lighting retrofit projects at CU-Boulder, Colorado School of Mines, Adams County K-12 schools, Garfield County K-12 schools, City of Evans, City of Arvada, Jefferson Hills, Hill AFB, and many others. Use of savings guarantees:FEM uses performance contracting with savings guarantees as the method for financing efficiency projects. FEM's guaranteed savings plan requires customers to meet a fixed monthly payment based on the efficiency measures installed. FEM guarantees that the monthly savings from the energy and water efficiency measures will cover the costs of these fixed payments. Any savings shortfalls below the guaranteed level will be covered FEM. Financing options:FEM offers clients three funding options: 1) a lease-purchase with FEM as the lessor; 2) a lease-purchase using a third party lessor; or 3) customer-obtained financing. FEM covers the initial capital outlay for the improvements, and is then reimbursed by receiving a predetermined percentage of the monthly savings. Product performance risk is limited to the extent possible. For more information, visit www.financialenergy.com. |
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