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Ohio University to Save an Estimated $38 Million Through Energy Performance Contract with Constellation

Constellation  www.constellation.com and Ohio University today announced a guaranteed energy performance contract (EPC) for more than $38 million in water and energy cost savings over a 15-year period. Constellation was selected by competitive bid to provide energy efficiency and water conservation measures for 72 buildings at Ohio University's main campus in Athens, Ohio. Under the terms of the EPC with Constellation, the upgrades require no upfront capital from the university. Ohio University will use the guaranteed energy and operational savings from the conservation measures to fund the approximately $28 million project through low interest bonds from the Ohio Air Quality Development Authority. The conservation measures installed by Constellation include: campus-wide interior lighting retrofits.

9/27 Business Wire