During fiscal year (FY) 2018, 10 federal agencies made a record investment of more than $800 million using the Federal Energy Management Program’s (FEMP) indefinite-delivery, indefinite-quantity (IDIQ) energy savings performance contract (ESPC) funding mechanism to pursue 23 energy efficiency and water conservation projects.
Located in 15 states and four countries, the projects leverage private sector investments designed to strengthen federal infrastructure by increasing energy security and resilience. This is the largest annual investment amount in FEMP’s ESPC program history and will generate a total guaranteed energy and water cost savings of almost $1.7 billion.
The awarded projects are:
- Valued between $3 million to $132 million, with an average contract term of 20 years, cover combined heat and power, microgrids, and battery storage; including replacing aged equipment with highly efficient equipment
- Expected to achieve more than 2.3 trillion Btu in annual energy savings and more than 324 million gallons per year of annual water savings
- Equivalent to the annual household energy usage of 25,800 homes or removing 49,000 cars from the road and provides almost $2.8 million in annual water savings
- Representing 6,475 job years of good paying jobs in engineering, construction trades, and manufacturing.
Read more about the awarded projects.
FEMP has enhanced its ESPC program by providing tools and guidance to help agencies develop projects that will ensure successful execution of their critical missions.