FINANCING YOUR ENERGY INFRASTRUCTURE UPGRADES
With aging infrastructure, rising energy costs, and the risk of energy price volatility, many businesses and organizations want to save energy and money through infrastructure improvement projects. Finding the capital to finance infrastructure upgrades, however, can be a challenge. Through an Energy Savings Performance Contract (ESPC), organizations and businesses can finance capital improvement projects by leveraging the future estimated savings resulting from the improvements.
SourceOne has served both as an Energy Services Company (ESCO), directly managing the ESPC, and as an owner’s representative managing other ESCO providers to streamline implementation and validate guaranteed savings.
SOURCEONE AS YOUR ENERGY SERVICES COMPANY (ESCO)
With SourceOne as your ESCO, you can be confident that you will maximize your energy savings. As a full-service energy management company, we have spent over 15 years helping our customers improve their energy infrastructure. Most importantly, unlike many ESCO’s, SourceOne is vendor neutral, so you can be sure that our only priority is to help you achieve your energy goals and save money.
SOURCEONE AS YOUR ESCO OWNER'S REPRESENTATIVE
Organizations should consider hiring an independent owner’s representative to manage their ESPC, particularly when implementing complex, multi-year or multi-site energy conservation projects. SourceOne will act on your behalf throughout the process to objectively evaluate the ESCOs investment grade audit and estimated energy savings; negotiate the contract to ensure the terms are favorable; oversee ECM implementation; and validate the measurement and verification of the ECMs.
Learn more about ESPCs and various implementation approaches by reading our ESPC blog series!
Medical Research Firm- Cogeneration Implementation
SourceOne managed the entire cogeneration effort including all business plan development, oversight of resource selection, negotiation with the affected LDC (NSTAR Electric & Gas Corporation), all gas provisioning, securing the interconnection approvals and all necessary environmental permitting. SourceOne continues to actively track the carbon reductions that have been achieved due to the operations of the on-site generation.
NYPA Energy Efficiency – Turnkey Implementation
Under a multi-year contract, SourceOne has conducted energy audits and implemented millions of dollars of energy conservation measures for NYPA customers that ranged from large public institutions to small facilities, including Grand Central Terminal, The Metropolitan Museum of Art, NY Public Library, The Bronx Zoo and 17 others.
City of Vineland - Simple Cycle Power Plant (SCPP) Implementation
Representing the largest capital project in the City’s history, SourceOne oversaw the design, engineering and successful permitting of the 64MW Simple Cycle Power Plant (SCPP) of Vineland.