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."
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey