Energy deal with Siemens Canada to save Algonquin College $3.7M annually
January 22, 2014 - A recently signed 20-year Energy Services Contract (ESCO) between Algonquin College in Ottawa, Ont., and Siemens Canada is estimated to create energy savings of $3.7 million per year once all phases are completed.
By Alyssa Dalton
“It gives me great pleasure to sign this landmark agreement, which we believe to be an innovative guaranteed energy savings contract,” said Algonquin College president Kent MacDonald. “When we issued the request for proposals, we had a goal of making our Ottawa campus more energy and water efficient, reducing our greenhouse gas emissions, and creating new, sustainability-related applied research opportunities for our students. This project will do all this, and more.”
According to Robert Hardt, president and CEO of Siemens Canada (photo), the two parties have been working together on various projects for the past 25 years.
“This contract will showcase how Siemens’ innovative and sustainable building technology solutions drive economical and ecological sustainability, while also furthering learning opportunities for Algonquin College students,” he continued.
Titled ESCO 2, this project is the second energy performance savings contract for Algonquin College and aims to examine renewable energy opportunities, power generation retrofits, and various other energy efficient renovations, it said. These upgrades will clear up as much as 50% of the college’s current deferred maintenance, and consolidate several mechanical rooms that are spread across many older buildings, it added.