Metrus Energy Commits $175 Million
in ESAs to the Better Buildings Challenge
August 23, 2018
Metrus Energy is once again rising to the Better Building Challenge (BBC), announcing today that it has increased its commitment from $75 million to $175 million in energy services agreements (ESA).
The announcement was made at the U.S. Department of Energy’s Better Building Summit in Cleveland where Metrus was recognized as one of 16 BBC partners that achieved their energy, water or financing goals in 2017.
“Metrus is fortunate to work with many great people and partners, all focused on helping us deliver energy efficiency-as-a-service for our customers,” said Bob Hinkle, CEO, Metrus Energy. “We’re proud to be a part of this forward-looking community, committed to creating a sustainable future for our planet.”
Metrus’ growing portfolio of energy and water efficiency projects spans 20 different states, covers 36 million square ft. and includes over 25 different types of efficiency upgrades that save over 1.2 billion kWh of electricity. Key projects include:
Parrish Medical Center: $6.1 million ESA with over 17 different types of efficiency upgrades;
Fortune 100 multi-site program: $56.3 million nationwide efficiency-as-a-service program with upgrades installed at 37 sites to date;
Bristol Hospital: $4.2 million ESA project that saves over 20% of the hospital’s energy and water use.
The BBC initiative is the commitment by leading businesses, manufacturers, cities, states, universities and school districts to improve the energy efficiency of their buildings by at least 20% over 10 years and share their strategies and results.
Metrus is one of the original financing partners of the BBC, which has grown to more than 900 businesses nationwide that are driving energy efficiency in the U.S. economy through their participation in the Better Buildings Initiative. This includes 380 trillion Btus, or $3.1 billion in reported cumulative energy and cost savings from the set of market leaders that are participating. Since the start of the BBC program, more than 65 partners and financial allies have met their original energy efficiency, water efficiency and financing goals, all of them ahead of schedule.