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The Los Alamos National Laboratory is hoping a new energy savings contract project will yield about $28 million over the next 20 years.
The program, announced by the National Nuclear Security Administration (NNSA) this week, would save the lab $1.2 million per year in electrical, heating, ventilating and air conditioning costs. That’s a 3 percent savings on LANL’s annual energy bill.
According to NNSA Spokesman Damien LaVera, the Energy Savings Performance Contract allows the installation of energy savings and efficient equipment in federal buildings at no up-front cost to the government.
“The contractor identifies energy conservation opportunities and installs the equipment at its expense and is repaid for his investment (plus interest) out of the savings from reduced energy bills. These can be contracts up to 25 years,” LaVera said.
“Typically, the cost savings over that 25 years are roughly the same as what is paid out to the contractor, but the savings continue after the contract expires. In this case, over the 20 years of the contract, we’ll reduce our costs by $28 million and pay NORESCO roughly the same about. We will continue to save at least $1.2 million per year for every following that.”
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