Energy Efficiency Guide for Colorado Businesses
Energy Efficiency Guide for Colorado Business
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Energy Efficiency Guide for Colorado Businesses

Energy Service Companies (ESCOs)

NORESCO

NORESCONORESCO
4800 Oakland Street, Suite 3
Denver, CO 80239
303/371-4000 fax: 303/371-4466
Contact: Edward Modery at 806/356-6200
www.noresco.com 

Type of company: Subsidiary of larger corporation
Employees in Colorado: 7
Colorado contracts:
     2001 (Number/Total value): 20/$1.2 million
     2002 (Number/Total value): 5/$2.7 million
Experience in following sectors: Public/Institutional
Commercial
Industrial
Multi-family Housing

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 over $1.4 billion of proven energy solutions in more than 23,000 buildings throughout the nation, and has been operating in Colorado since 1998.

AREAS OF FOCUS:
  • local, state, and federal government facilities
  • public housing
  • industrial and manufacturing facilities
  • K-12 schools
  • higher education institutions
  • healthcare facilities
  • energy infrastructure projects
AREAS OF SPECIALIZATION:
  • chilled water plant upgrades, including replacement, pumping improvements, and optimization
  • boiler plant upgrades, including replacement, distribution improvements, and steam system upgrades
  • HVAC upgrades, including air-handling unit replacements and energy-efficient motors
  • building automation systems
  • lighting retrofits
  • renewable energy systems
  • combined heat and power
  • water conservation

Awards:

Recent awards received by NORESCO include a 2001 U.S. Department of Energy Federal Energy Management Program award for U.S. General Services Administration projects in Atlanta, Georgia; 2001 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 2002 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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