This award could result in up to $5 billion in energy efficiency, renewable energy, and water conservation projects at federally-owned buildings and facilities for SGS and its subcontractor, Siemens Building Technologies, Inc.
The federal government is the largest single user of energy in the United States and the ESPC awards demonstrate a continued commitment by the government to promote the use of renewable energy sources, replace and modernize aging energy infrastructure, and to reduce energy and water consumption, maintenance, and utility costs.
"We are extremely pleased that the Department of Energy has selected SGS as one of a few companies for an ESPC award. Under this new contract, Siemens will be able to provide the government with state-of-the-art energy technologies designed to help manage energy costs and reduce energy consumption," said Dave Patterson, President and CEO for SGS. "Siemens is at the forefront of providing advanced energy solutions including building technologies, metering, and renewable energy sources such as wind, solar, and hydro. Our company is excited to contribute to our national energy policy initiatives designed to help the environment, stimulate the economy through the creation of jobs, and reduce the nation's dependency on foreign energy suppliers."
ESPC projects enable federal agencies to undertake energy savings initiatives without incurring up-front capital costs. The Department of Energy was required by an executive order, the Energy Policy Act of 2005 and the Energy Independence and Security Act of 2007, to ensure federal buildings reduce their energy intensity by 30% and reach a 16% reduction in water use by 2015, as well as to obtain more than 7% of their power from renewable energy sources by 2013. This contract for SGS is valued at up to $5 billion over its unlimited life world-wide, and allows federal agencies to pay for facility energy-efficiency improvements from actual energy savings realized.
"This is certainly an exciting time for Siemens Government Services and we are organized and ready to support the government in achieving its energy objectives immediately," said Mike Angerame, Vice President of Energy and Environmental Solutions for the company. "With Siemens past experience in performance contracting, combined with advanced energy technologies, we are poised to bring energy efficiencies to the federal government's infrastructure, all designed to save energy and reduce costs."
About Siemens Government Services, Inc.
Siemens Government Service (SGS) is a wholly-owned subsidiary of Siemens and is an integrator for the broad range of innovative Siemens products, solutions and services performed for the U.S. Federal Government
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