In a November 2016 article published in Smart Energy Decisions, Metrus explains that treating and selling efficiency-as-a-service would fuel the expansion of the much analyzed but as yet unrealized $100 billion market, much like selling “solar power not panels” drove the solar market. Further, energy efficiency is a critical component of near-term sustainability targets. Therefore, financing solutions that “trade kilowatts for negawatts” will enable the energy efficiency market to capitalize on the same forces that opened to solar PV market. The article also stresses that valuing efficiency means increasingly developing projects for the built environment that include not only energy savings, but also water efficiency improvements, operational savings and renewable energy generation. Read the complete article.
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Metrus is generating $6.7 million in savings for the BAE Systems multi-site program. This flagship program is a shining example of how scalable and achievable deep energy savings across a portfolio of projects can be with an ESA financing structure. A new $1.2 million project has recently been added into this program as BAE continues to systematically develop a more energy efficient business. With each new project, energy and water efficiency measures are reviewed to ensure that as much energy, environmental and operational savings are incorporated as possible. Learn more.
RILA’s Retail Energy Management Program has highlighted Metrus Energy’s Efficiency Service Agreement (ESA) as a key option for retailers to utilize for energy retrofits. ESAs limit risks while providing an avenue for short-term energy and cost savings. Check out the ESA section in the financial guide here.
The importance of having a project structure that can add new efficiency measures was highlighted with the Fortune 500 Project this year. New EE upgrades were added that boosted savings by 10%. Furthermore, these upgrades were identified and incorporated during construction, increasing customer savings. To learn more, please click here.
The $5.8 million Kuakini hospital project in Hawaii is in Year 2 of operations. This project continues to deliver significant energy, environmental and operational savings which are above and beyond expectation. As a result of the project upgrades, the hospital is seeing close to a 25% reduction in its total utility bill and the hospital upgrades have created a more comfortable environment for Kuakini’s patients. Metrus continues to work with Kuakini and Energy Industries to uncover new energy efficiency measures that may emerge over time and be incorporated into this project. Learn more.
The Year One results are in for the $3.3 million Fortune 50 Project and it is generating excess energy and operational savings. Approximately $100,000 of LED lighting has been added to the original ESA, which has helped the project reach its internal GHG goals. To learn more about this project, please click here.
On September 19th, Metrus’ $5.8 million retrofit project at Kuakini Medical Center was commissioned. The company’s largest ESA project to date is now operational and delivering significant economic and environmental value to the hospital. The project—which was completed on time and on budget—will annually reduce CO2 emissions by 2,956 tons, save 3.5 million kilowatt-hours of electricity, and 10,800 therms of natural gas while saving Kuakini $1.1 million in annual utility expenses.
Energy Industries constructed the project and will now provide ongoing maintenance and equipment monitoring services to Kuakini that are paid for under Metrus’ ESA.
Metrus will continue to work with Kuakini and Energy Industries to ensure that energy savings are delivered and that new energy efficiency measures that emerge over time are incorporated into this project.
SUMMARY: Metrus Advisor Scott Henderson wrote an article for a CorAdvisors newsletter on how ESAs remove key pain points for commercial and industrial customers in the implementation of integrated retrofit projects.
SUMMARY: Metrus teamed with Siemens Industry, Inc. and Bank of America Merrill Lynch to develop and finance an integrated retrofit for a large Fortune 50 industrial customer. The project will save $500k in operating costs and over 3,600 tons of CO2 annually.
PDF: Release-Kuakini Project
SUMMARY: The Kuakini Medical Center, located in Honolulu, Hawaii, will save over $1 million in energy costs per year, and avoid the use of 3.5 million kWh of electricity and 11,000 therms of natural gas. This will allow the hospital to upgrade all of its equipment at no upfront cost. Metrus is partnering with Energy Industries, Energi and New Resource Bank on the project.