Energy Systems Group Awarded U.S. DOE IDIQ Contract for Federal Energy Savings Performance Contracts
June 05 2017 - 9:25PM
Energy Systems Group (ESG), a leading energy services provider and
wholly owned subsidiary of Vectren Corporation (NYSE:VVC) announced
that it has been awarded an Indefinite Delivery Indefinite Quantity
(IDIQ) contract for federal Energy Savings Performance Contracts
(ESPCs) by the U.S. Department of Energy (DOE). ESG is one of 21
companies awarded the $55 billion IDIQ contract to develop new
energy and water savings projects for federal facilities.
“ESG is honored to continue serving federal customers as a DOE
IDIQ ESPC contractor,” said Steve Spanbauer, Senior Vice President
of Energy Systems Group. “We look forward to developing innovative
energy and water infrastructure projects that help federal agencies
meet their mission-critical needs while increasing energy security,
enhancing energy efficiency resiliency, and facilitating the
necessary financing, with no required initial cost.”
The new IDIQ contract, awarded to ESG on April 27, has a base
period of five years and one 18-month extension period. The maximum
contract ceiling amount of $55 billion will be shared by all
contract holders. The DOE expects the new IDIQ to be used for
investments resulting in federal infrastructure improvements,
energy savings, and job creation.
ESG is a longstanding DOE ESPC IDIQ contractor, developing a
number of leading projects through the contract, including the
design and construction of the first ever combined heat and power
(CHP) facility for the National Aeronautics and Space
Administration (NASA). Located at the Lyndon B. Johnson Space
Center (JSC), the CHP facility is capable of operating as an
islanded microgrid, providing energy for critical mission
operations such as the International Space Station Mission Control
in the event of a utility power disruption. The CHP facility and
chilled water plant improvements will save approximately $141
million over a 22-year operating term.
ESG is also completing a $70.3 million ESPC project, signed in
December 2016, at Naval Base Coronado's Naval Air Station North
Island. Upon completion, the project is anticipated to save over 36
million gallons of water annually, and will generate over $187
million in savings over the contract term.
“ESPCs such as those ESG is completing at NASA JSC and Naval
Base Coronado help federal agencies meet their energy reduction
goals and achieve innovative energy and water infrastructure
upgrades that reduce costs and replace dated equipment with new and
efficient systems,” added Spanbauer. “Funding these upgrades
through energy savings is good for the federal government, U.S.
business, and the U.S. taxpayer.”
"This program highlights how the public and private sector
partnerships can align with the Administration's objectives for
increased energy efficiency and job creation without burdensome
regulations," said U.S. Secretary of Energy Rick Perry. "A key
component is that these energy and water efficiency projects at
federal facilities pay for themselves, and the hope is that all
federal agencies will utilize this financing method to the fullest
extent."
Energy Systems Group (ESG), a wholly owned
subsidiary of Vectren Corporation (NYSE:VVC), is a leading energy
services provider that specializes in energy efficiency,
sustainability, and infrastructure improvement solutions in the
government, education, healthcare, commercial, and industrial
sectors. ESG is strongly positioned to develop projects across the
full spectrum of federal contracting opportunities, including
Energy Savings Performance Contracts with the U.S. Department of
Energy and the U.S. Army Corp of Engineers. ESG is an industry
leader in developing and implementing federal government projects
under Utility Energy Services Contracts and through public/private
partnerships such as Enhanced Use Leases. ESG also offers a full
range of sustainable infrastructure solutions including
waste-to-energy, distributed generation, and renewable energy. To
learn more about ESG, visit www.energysystemsgroup.com.
For more information, contact
Meram El Ramahi, Director of Marketing and Communications
812.492.3734
mramahi@energysystemsgroup.com
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