Ameresco Begins Phase Two of Energy Savings Project at the Medical University of South Carolina
Ameresco, Inc. (NYSE:AMRC), a leading energy efficiency and renewable energy company, today announced that it has begun phase two of a comprehensive energy savings project at the Medical University of South Carolina (MUSC), one of the nation’s top academic health science centers and the largest medical school in South Carolina. MUSC financed this project under an energy savings performance contract (ESPC) and will have Ameresco implement numerous energy conservation measures at 50 campus facilities. The combined project value for the two phases Ameresco has contracted with the University totals more than $43 million dollars in infrastructure improvements.
Founded in 1824, MUSC is the largest non-federal employer in Charleston, S.C., consisting of six colleges and a 700-bed hospital complex. The University contracted Ameresco in March 2019 to design, commission, install and monitor new equipment and energy management systems at half of the facilities on its campus, which are projected to generate $3,271,000 in annual energy cost savings.
“The project with Ameresco demonstrates the university’s commitment to energy conservation and maintaining sustainable facilities and operating practices,” said MUSC Chief Facilities Officer Greg Weigle. “Additionally, this cutting-edge work will directly benefit the students by creating a cleaner and more comfortable learning environment.”
The comprehensive energy conservation measures Ameresco will be implementing include replacement of campus lighting fixtures with high-efficiency LEDs, installation of building automation and control systems, upgrading HVAC systems and chiller plant optimization. Under its 15-year contract term, Ameresco will also train university staff on how to operate and maintain its new equipment and systems.
“The university pursued this second phase of the project based on the superior financial and operational performance success delivered from the initial project phase implemented in 2008,” said David J. Anderson, Executive Vice President and Director at Ameresco. “We are proud to continue our successful partnership with the university and to help it achieve its energy efficiency and sustainability goals.”
MUSC will benefit from significant reductions in energy consumption, reduced utility cost savings and improved facility environmental conditions. Additionally, the project addresses capital deferred maintenance needs funded entirely from guaranteed savings. This second phase will also improve facility operational efficiencies, preserve capital to address other campus improvement needs, and enhance the academic learning environment for its students and faculty.