The Siemens Building Technologies Division, Buffalo Grove, Ill., and Metrus Energy Inc., San Francisco, have reached a financing agreement with BAE Systems, a leader in the defense industry, to make its facility In Merrimack, N.H., energy efficient. Under the deal's unique pay-for-performance structure, BAE Systems only pays for the actual energy savings realized from the program's comprehensive energy efficiency improvements, while immediately experiencing the environmental, operational and bottom-line benefits.
BAE Systems expects the program to save more than $200,000 annually in utility expenses. Siemens will generate energy savings through various energy-efficient retrofits and upgrades including a new compressor, building automation system improvements, a complete lighting retrofit, new transformers and comprehensive campus energy policy. "We're addressing a large but vastly underserved market. The majority of energy efficiency services, programs and financing options largely have been limited to the domain of the government and public sector," said Bob Hinkle, Chief Executive Officer of Metrus. "The ESA specifically targets projects at private industrial and commercial facilities enabling these types of businesses to pay for retrofits through realized energy savings." Details