Investor Relations
Dec 22, 2024 5:13 AM EST
Energy and operations savings will be achieved by upgrading to energy-efficient LED lighting, upgrading HVAC infrastructure and controls and improving building envelopes at five federal high-rise buildings, which totals 2.6 million-square-feet, in
“By leveraging guaranteed energy and operational savings, ABM will help the GSA save funding and participate in California’s Demand Response Program, which will drive a lower electricity rate,” said
The project includes upgrades at the
The upgraded battery power storage system allows the GSA to take advantage of local utility programs, including Time of Use Billing, Critical Peak Pricing Incentives and the Demand Response Program. By charging the batteries in the evening when demands on the utility grid are lower, GSA is able to shift a large portion of its energy consumption to hours when electricity rates are reduced. It requires little to no operator input, as automated battery controllers manage charging and discharging the batteries, and handling any utility calls for Demand Response Program actions.
“This system makes the GSA more resilient, because if there is a power failure, they’ll be able to operate on the battery system for an extended period of time,” Newsome said.
The project makes the GSA eligible for the California Public Utilities Commission’s Self-Generation Incentive Program, which provides incentives and rebates for distributed energy-generating or storage systems. More than
The GSA’s project was solicited and awarded as a multiple phase project to allow ABM and GSA to strategically prioritize the most immediate needs. The first phase of the project, which was awarded in October, 2013, included chiller plant updates, new equipment, a water-side economizer and advanced controls. It also included demand control ventilation and Variable Frequency Drives.
The second phase focuses on providing a Deep Energy Retrofit for each of the GSA’s five facilities in
The Measurement and Verification (M&V) report for Phase 1, year 3 was submitted in March, 2018, and the guaranteed savings were not only met but exceeded by 22 percent. The M&V report for the first part of Phase 2, year 1 was submitted in March, 2018, and the guaranteed savings was not only met, but was exceeded by 12 percent.
ABM's Energy Savings Performance Contract Program will enable the GSA 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.
Highlights of the project include:
For more information on ABM's Energy Savings Performance Contract 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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