Investor Relations
Dec 22, 2024 5:13 AM EST
Energy and operations savings will be achieved by upgrading city-owned street lights to energy-efficient lighting, retrofitting HVAC units and installing controls at eight of the city’s facilities. It also includes updates to the city’s water metering system, and residential and commercial water meters. The upgrades will save the
“By leveraging guaranteed energy and operational savings, ABM will help the
The
“We told the
City officials were working on developing a capital improvement plan to handle the expense when they became aware of ABM’s Energy Performance Contracting program. The city and ABM began working together when city officials realized the amount of improvements the Energy Performance Contracting program would allow them to do without upfront costs.
The project includes an investment in upgrading the City of Fremont’s water meters for 5,000 residential and commercial properties, which will eliminate the city’s practice of issuing fluctuating bills based on estimated water readings. The new meters also include automated leak detection, to help the city quickly detect and repair leaks.
ABM's Energy Performance Contracting Program will enable the city to make these upgrades without impacting its capital budget. The program is designed as a financial solution to meet clients' technical facility needs and sustainability goals. The goal is to drive costs out of a client's operating budget, allowing savings to be reallocated to fund mission critical facility needs. View a video to learn how ABM is providing facility and financial solutions to local governments without upfront costs or tax increases.
“ABM’s customized solution for the
Click here for a complete listing of the energy-efficiency improvements at the City of Fremont’s facilities. Highlights of the project include:
For more information on ABM's Energy Performance Contracting Program and other offerings, visit www.abm.com.
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ABOUT ABM
ABM (NYSE: ABM) is a leading provider of facility solutions with revenues of approximately $5.5 billion and more than 130,000 employees in 350+ offices throughout the United States and various international locations. ABM's comprehensive capabilities include janitorial, electrical & lighting, energy solutions, facilities engineering, HVAC & mechanical, landscape & turf, mission critical solutions and parking, 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 commercial buildings to hospitals, data centers, manufacturing plants and airports. ABM Industries Incorporated, which operates through its subsidiaries, was founded in 1909. For more information, visit www.abm.com.
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Source: ABM Industries Incorporated
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