ESPC Projects: Benefits for Federal Agencies
CEG can deliver holistic energy upgrades to any federal agency at no upfront cost using the DOE or USACE ESPC contracts.
As a leader in energy engineering and construction, CEG works with client agencies to develop, implement, and finance fence-to-fence energy and water upgrades throughout buildings and campuses. We analyze existing systems within the facilities, and design and implement turnkey solutions that increase energy efficiency, enhance resilience, modernize equipment, and streamline operations and maintenance. We guarantee performance and leverage creative project financing to deliver comprehensive projects that meet sustainability, operational, and resilience goals.
The Super ESPC Program
CEG is part of a select group of energy service companies (ESCOs) to be awarded master Energy Savings Performance Contracts (ESPCs) by both the U.S. Department of Energy and the U.S. Army Corps of Engineers. Using these master ESPC contracts, CEG can complete up to $5 billion in energy-related work for federal agencies. These programs are designed to facilitate energy improvements in federal facilities by leveraging private-sector technology expertise and financing capabilities.
ESPC Basics
An Energy Savings Performance Contract (ESPC) is a no-upfront-cost contracting mechanism in which the contractor incurs the cost of implementing energy conservation measures (ECMs) and is repaid from the guaranteed energy, water, and operational savings that result from these ECMs. After the contract ends, all cost savings accrue to the agency.
Agency’s Cash Flow
The Benefits of ESPCs
Using an ESPC project to enhance sustainability at a facility can have the following advantages:
Lower energy and water bills
Improved public perception
Healthier work environment
Reduced carbon footprint
Compliance with federal energy and water reduction mandates
Reduced exposure to volatile utility rates
Additional points on the LEED scorecard
Improved energy security