Siemens and Metrus offer pay-for-performance energy efficiency plan
BAE Systems' deal with Siemens and Metrus requires it to only pay for energy savings realized from the program's comprehensive energy efficiency improvements.
Siemens Industry Inc.'s Building Technologies Division and Metrus Energy Inc. have reached a financing agreement with BAE Systems, a defense industry supplier, to make its 450,000-square foot facility in Merrimack, N.H.,energy efficient. Under the deal's pay-for-performance structure, BAE Systems only pays for the actual energy savings realized from the program's comprehensive energy efficiency improvements.
The project, currently underway and scheduled for completionin the fall of 2010, is being underwritten by Metrus through its Efficiency Services Agreement (ESA). At the project's core is the energy savings performance guarantee delivered by Siemens. Siemens, which is managing allaspects of the project, will implement the energy efficiency measures andprovide the ongoing performance guarantee.
BAE Systems expects the program to save more than $200,000 annually in utility expenses. Siemens will generate energy savings through various energy efficiency retrofits and upgrades including a new compressor,building automation system improvements, a complete lighting retrofit, newtransformers, and a comprehensive campus energy policy.
"The majority of energy efficiency services, programs, andfinancing options largely have been limited to the domain of the government andpublic sector," said Bob Hinkle, CEO of Metrus. "The ESA specifically targets projects at private industrial and commercial facilities, enabling these typesof businesses to pay for retrofits through realized energy savings."
Access other Control Engineering content related to energy efficient facilities:
- Diageoinstalls energy efficient lighting at bottling facility
- BillPolk: Automation and Control Vendors Help Save the Planet
- EarthDay: 5 ways for manufacturers to drive productivity, energy efficiency
- Events & Awards
- Magazine Archives
- Oil & Gas Engineering
- Salary Survey
- Digital Reports
Annual Salary Survey
After almost a decade of uncertainty, the confidence of plant floor managers is soaring. Even with a number of challenges and while implementing new technologies, there is a renewed sense of optimism among plant managers about their business and their future.
The respondents to the 2014 Plant Engineering Salary Survey come from throughout the U.S. and serve a variety of industries, but they are uniform in their optimism about manufacturing. This year’s survey found 79% consider manufacturing a secure career. That’s up from 75% in 2013 and significantly higher than the 63% figure when Plant Engineering first started asking that question a decade ago.