Energy Service Companies (ESCOs)
General Information:NORESCO offers integrated solutions that provide its customers with energy use reductions, cost savings, infrastructure improvements, and reliability enhancements. A balanced perspective of value - using efficiency improvements to obtain cost savings and long-term operational, maintenance, repair, and replacement benefits - characterizes NORESCO's approach to energy services. NORESCO's collaborative design-build approach results in quality design and strict attention to commissioning of equipment and systems, producing projects with a high degree of integrity that operate as projected throughout their expected life cycles. NORESCO has implemented billions of dollars of proven energy solutions in more than 23,000 buildings throughout the nation, and has been operating in Colorado since 1998.
Awards:Awards received by NORESCO include a U.S. Department of Energy Federal Energy Management Program award for U.S. General Services Administration projects in Atlanta, Georgia; Energy User News Energy Efficient Building Awards for the Environmental Protection Agency's National Vehicle and Fuel Emissions Laboratory located in Ann Arbor, Michigan (Best Government Project), and the Mount Olive School District located in Mount Olive, Illinois (Best Education Facility, Honorable Mention); and Energy User News Energy Efficient Building Awards for the University of Massachusetts-Boston (Project of the Year), the County of Los Angeles, California (Best Multi-site Project), and a U.S. Navy facility located in Coronado, California (Best Retrofit Project). Recent projects:Recent Colorado projects of note include a lighting retrofit, chiller improvements, motor and pump controls, and housing upgrades for the United States Air Force Academy in Colorado Springs; lighting retrofit, variable frequency drives, new chillers and boilers, and building envelope improvements for buildings located on Peterson Air Force Base in Colorado Springs; and a lighting retrofit, steam trap replacement, and water conservation improvements for the Veteran's Administration Medical Center in Grand Junction. Use of savings guarantees:Savings guarantees of up to 100% of expected savings are offered for energy savings performance contracts. NORESCO verifies savings on an annual basis through the use of cost-effective measurement and verification procedures that are agreed upon by the customer. In the unlikely event of a savings shortfall, NORESCO will reduce the project cost or contract payment by the amount of unrealized guaranteed savings, and will repair the problem so that future shortfalls do not occur. Financing options:NORESCO offers it customers a range of financing options to meet their project needs. These options include performance contracting, long-term and third party commercial leasing, tax-exempt leasing, and project development financing. NORESCO also offers short-term financing alternatives. For more information, visit www.noresco.com. |
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