Ameresco, Inc., (NYSE:AMRC), a leading energy efficiency and renewable energy company, announced today that Ameresco Quantum, Inc., has started work on a comprehensive Energy Savings Performance Contract (ESPC) for Reed College in Portland, Oregon. The $5.4 million ESPC is expected to help the college save in excess of $2.7 million over 10 years through campus-wide operational and energy efficient upgrades while reducing its annual CO 2 emissions by 2.65 million pounds.
After recently celebrating its 100 th anniversary, Reed College recognized the value of a thorough evaluation of the 960,446 square feet of campus buildings. The administration looked to significantly reduce the college’s environmental impact by minimizing energy use, maximizing equipment life, and maintaining and improving on the livability of their building environments. By providing the college with an accurate existing condition assessment from their meter-based Total System Evaluation™ (TSE) method, Ameresco Quantum was able to identify and prioritize major improvements to eight buildings plus campus-wide lighting and water measures to support recognized operational and sustainability goals.
“With some of the college buildings dating back to 1912, Reed wanted to investigate means to maximize our energy opportunities moving forward. The college looked for a partner that would take a unique and collaborative approach to matching the appropriate energy and water efficiency solutions to our diverse set of mechanical equipment and controls,” said Townsend Angell, Reed College’s Director of Facilities Operations. “We selected Ameresco Quantum based on their history of working on similar projects in the Pacific Northwest and their track record of measurable results. We welcome the opportunity to implement the various facility enhancements that will represent real cost savings and enable the institution to realize effective sustainability and energy management solutions within our budget.”
Based on the comprehensive TSE energy and water audit of the college’s facilities, Ameresco Quantum identified potential energy savings measures including campus-wide interior, exterior lighting and plumbing upgrades, as well as installing a more energy efficient and controlled HVAC system to lower energy use and improve building occupant comfort. In addition, new energy efficient technologies will be installed on the campus-wide boiler system, including HVAC controls, and the installation of a new energy dashboard for stricter monitoring and regulation of the campus-wide steam system.