Siemens Teams Up With Metrus Energy on Energy Retrofit for BAE Systems
The Siemens Building Technologies Division, Buffalo Grove, Ill., and Metrus Energy Inc., San Francisco, have reached a financing agreement with BAE Systems, a leader in the defense industry, to make its facility In Merrimack, N.H., energy efficient. Under the deal's unique pay-for-performance structure, BAE Systems only pays for the actual energy savings realized from the program's comprehensive energy efficiency improvements, while immediately experiencing the environmental, operational and bottom-line benefits.
BAE Systems expects the program to save more than $200,000 annually in utility expenses. Siemens will generate energy savings through various energy-efficient retrofits and upgrades including a new compressor, building automation system improvements, a complete lighting retrofit, new transformers and comprehensive campus energy policy. "We're addressing a large but vastly underserved market. The majority of energy efficiency services, programs and financing options largely have been limited to the domain of the government and public sector," said Bob Hinkle, Chief Executive Officer of Metrus. "The ESA specifically targets projects at private industrial and commercial facilities enabling these types of businesses to pay for retrofits through realized energy savings." Details
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Jim Lucy has been wandering through the electrical market for more than 30 years, most of the time as an editor for Electrical Wholesaling, Electrical Marketing newsletter and CEE News. During that time he and the editorial team for the publications have won numerous national awards for their coverage of the electrical business. He showed an early interest in electricity, when as a youth he had an idea for a hot dog cooker. Unfortunately, the first crude prototype malfunctioned and the arc nearly blew him out of his parents' basement. Before becoming an editor for Electrical Wholesaling magazine and Electrical Marketing, he earned a BA degree in journalism and a MA in communications from Glassboro State College, Glassboro, NJ., which is formerly best known as the site of the 1967 summit meeting between President Lyndon Johnson and Russian Premier Aleksei Nikolayevich Kosygin, and now best known as the New Jersey state college that changed its name in 1992 to Rowan University because of a generous $100 million donation by N.J. zillionaire industrialist Henry Rowan. Jim is a Brooklyn-born Jersey Guy happily transplanted in the fertile plains of Kansas for the past 20 years.