ABM's Bundled Energy Solutions Program Saves Over $9 Million in
Energy and Operating Costs for Orange County Public Schools
NEW YORK--(BUSINESS WIRE)--
ABM
(NYSE:ABM), a leading provider of facility solutions, announced its
ABM Building Services business has been selected by Orange County, VA
Public Schools to implement division-wide energy and infrastructure
upgrades to the educational institution through ABM's Bundled Energy
Solutions Program. The project is expected to significantly improve the
schools' learning environment as a result of lighting, heating, cooling
and indoor air quality upgrades, while saving Orange County Public
Schools an estimated $9.3 million in energy and operating costs over 15
years.
ABM's
Bundled Energy Solutions Program is designed as a financial solution
to meet clients' technical facility needs and sustainability goals. For
ABM, the goal is to drive costs out of a client's operating budget to
allow savings to be reallocated to fund mission critical facility needs.
"ABM's Bundled Energy Solutions Program provides a long term and
sustainable solution for Orange County Public Schools that will benefit
the school for several decades," said Scott Giacobbe, President of ABM
Building & Energy Solutions. "We understand the budgetary constraints
schools are under, and our BES program has been able to help a number of
our educational clients make critical infrastructure upgrades without
burdening taxpayers."
The project is expected to reduce the school's utility costs by 32% over
15 years. In addition, the project has no incremental capital cost and
does not require any additional tax burden on the community or
programmatic cuts for the school. The improvements are 100% funded
through the existing operating budget and the results are guaranteed.
"Raising revenue via increased taxes to fund lighting, heating, and air
conditioning modernization projects up front in our schools was not an
option in Orange County," said Doug Arnold, Coordinator of Facilities
and Maintenance at Orange County Public Schools. "Without ABM's
solution, we would have been left continually patching our old
inefficient lighting and unreliable, energy wasting HVAC equipment, and
controls for the foreseeable future. Energy performance contracting via
ABM's program allows us to perform $6.2 million worth of projects and be
guaranteed enough energy savings to cover these costs, plus the
financing costs, over a 15 year period."
The improvements will be made across the division's 10 schools and
buildings. Energy-efficiency upgrades include: installing new
high-efficiency LED lights, considerably reducing energy usage;
replacing heating and cooling systems, improving indoor air quality and
reducing humidity problems; and implementing an energy efficient PC
Power Management solution by putting unused computers in a low power
state, saving energy and prolonging the lifetime of the IT equipment.
ABM also identified opportunities for energy and operational savings in
five different school buildings by implementing advanced fuel sourcing
and fuel conversion strategies, including switching the heating fuel
from fuel oil to propane. Propane is considerably less expensive and
more environmentally friendly than fuel oil due to its lower carbon
dioxide output. It is also approved as an alternative clean fuel, listed
in the 1990 Clean Air Act and the National Energy Policy Act of 1992,
and doesn't contaminate soil or water if a leak occurs.
"School systems are under extreme financial pressures," explained
Jeffrey Buennemeyer, Vice President of Mid-Atlantic for ABM Building
Services. "While tax bases and capital resources are shrinking fast,
students' performance expectations are at an all-time high and a
comfortable learning environment is a big part of that. The solutions
developed in partnership with Orange County Public Schools will
revitalize the schools' infrastructure and significantly reduce costs,
while being 100% funded through the client's current operating budget.
We are proud to partner with Orange County Public Schools on this
solution."
ABOUT ABM
ABM (NYSE:
ABM) is a leading provider of facility solutions with revenues
exceeding $4 billion and 100,000 employees in over 350 offices deployed
throughout the United States and various international locations. ABM's
comprehensive capabilities include facilities engineering, commercial
cleaning, energy solutions, HVAC, electrical, landscaping, parking and
security, provided through stand-alone or integrated solutions. ABM
provides custom facility solutions in urban, suburban and rural areas to
properties of all sizes — from schools and hospitals to the largest and
most complex facilities, such as manufacturing plants and major
airports. ABM Industries Incorporated, which operates through its
subsidiaries, was founded in 1909. For more information, visit www.abm.com.
ABM
Media:
Chas Strong, 770-953-5072
chas.strong@abm.com
Ashley
Reiff, 770-521-7558
ashley.reiff@abm.com
or
Investors
& Analysts:
David Farwell, 212-297-9792
dfarwell@abm.com
Source: ABM Industries
News Provided by Acquire Media
