Army Announces Efficiency Contracts Worth $900M

The U.S. Army Corps of Engineers recently announced 16 contracts for energy conservation
measures that could be worth up to $900 million.

The contracts, similar to those announced last month by the Department of Energy, are third-party
financing tools to help government facilities achieve mandated energy reduction goals. They have been awarded under the Energy Savings Performance Contracts program to the following 14 large businesses:

  • Ameresco, Inc.
  • The Benham
    Companies, LLC
  • Burns and McDonnell
  • Chevron Energy Solutions Company (NYSE: CVX)
  • Consolidated Edison
    Solutions, Inc. (NYSE: ED)
  • Constellation Energy Projects and Services Group, Inc.(NYSE: CEG)
  • DMJM-Harris-AECOM
  • FPL
    Energy Services, Inc. (NYSE: FPL)
  • Honeywell, Inc. (NYSE: HON)
  • Johnson Controls Government Systems LLC (NYSE: JCI)
  • Noresco, LLC
  • Pepco Energy Services, Inc. (NYSE: POM)
  • Siemens Government Services, Inc. (NYSE: SI)
  • Trane U.S. Inc.

Two small
businesses have also been selected: CLT Efficient Technologies Group and SEI Group, Inc.

Under the program, a contractor provides capital and expertise to make energy
improvements on government facilities and maintains them in exchange for a portion of the generated

The U.S. Army Corps of Engineers Huntsville Center will run the program to increase energy efficiency, reduce dependence on fossil fuels, conserve water resources and improve energy
security in support of the Department of Defense.

The contracts have a five-year base ordering period and one optional five-year ordering period with a
possible payback period of up to 25 years from the time of award.

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