Ameresco, Inc. (NYSE:AMRC), a leading energy efficiency and renewable energy company, announced today that it has signed and started construction on an Energy Savings Performance Contract (ESPC) with the University Medical Center of Southern Nevada (UMC). Ameresco will install over $4.5 million of energy efficiency improvements at UMC. UMC anticipates that these energy efficiency improvements will save them over $200,000 annually while also addressing critical infrastructure needs. The project is expected to be completed in early 2013.
UMC is Nevada’s only public hospital and Level 1 trauma center that is equipped to handle any level of trauma severity with operating rooms ready at all times. Like many other public entities in the area hit hard by the economy and shrinking tax base, UMC must be very careful with how it spends its diminished budget and still address aging equipment.
Energy efficiency is a way for the hospital to quickly reduce both energy and maintenance costs. The ESPC model gave UMC an assurance that the improvements will have a guaranteed minimum savings. The infrastructure improvements are expected to increase efficiency and lifespan of the equipment, thereby avoiding any potential unexpected equipment failures from deferred maintenance.
“The ESPC model allows us to make a variety of critically needed infrastructure improvements with guaranteed energy savings. We are expected to benefit from energy and maintenance savings as soon as the projects are completed,” said Cindi Roehr, associate administrator at the University Medical Center of Southern Nevada. “The advantage of working with Ameresco is that they can perform multiple projects at one time. It would take years to do these projects individually and would cost a lot more in time and money.”UMC’s contract with Ameresco includes replacing old equipment that has reached the end of its useful life, some original to the building, with new efficient equipment and systems. These improvements include new lighting systems and controls, condenser pumps, variable frequency drives, server room cooling systems, boilers and air handler units across the hospital’s 975,624-square-foot footprint.