Energy Efficiency Project Development via C PACE

Transcription

1 Energy Efficiency Project Development via C PACE John DiModica CEM, LEED O+M June 27, 2013

2 Energy Service Companies (ESCOs) Provide Turnkey project development, Design, Finance management, Project implementation (construction management), and Measurement & Verification (M&V) of Savings

3 Efficiency Solutions Reduce Total Payments EE Project Finance turns Utility Payments into Capital for Projects Project Structure: Lower total payments; Utility Savings > Costs Financial, Technical and Project goals set by Customer; managed by ESCO Focus on the total life cycle cost of asset ownership. Improves asset reliability, performance & occupant experience over multi year term. Developed/Financed via C PACE, EE project costs are paid by beneficiaries of energy savings by pass through of tax payments

4 Slide Title Source: Clean Energy Finance and Investment Authority (CEFIA)

5 Project Identification / Pre Development

6 ASHRAE Level II Energy Audit / Investment Grade Audit (IGA) ESCO Services include: Determine Specific Savings associated with measures Determine Specific Costs of installation of project measures(via sub bids/quotes from trade subs) Utility Incentives Pre qualification ECM Costs are Net of Utility Incentives Final Determination of Costs & Savings (Interactive) Selection of Proposed Measures (Final Package)

7 Slide Title Managing the CEFIA approval process Project Registration in CEFIA s web based Data Management Platform (CDMP) Project Registration (basic information) and Input of Technical Information on ECM by ECM basis ECMs evaluated on savings impacts, life expectancy, savings degradation & financing term Tool assists in determination of Project Bundle Savings to Investment Ratio (SIR) > 1 Project Approval

8 Slide Title Documentation Management CDMP Project Documentation Input by ESCO C PACE uses CEFIA s Data Management Platform (CDMP) which provides a uniform data entry and management tool to facilitate project management across a large number of projects; also supports transparency of project information. Source: Sustainable Real Estate Solutions (SRS)

9 Slide Title Property level Dashboard Source: Sustainable Real Estate Solutions (SRS)

10 Property Level Recommended ECMs, inputted by Energy Auditors Slide Title & Key Financial Metrics to support underwriting Source: Sustainable Real Estate Solutions (SRS)

11 CEFIA & Consultant Engagement & Financial Approval Processes CEFIA Technical Review Team Verification of Savings Verification of Documentation Verification of M&V Procedures C PACE Financial & Administrative Steps Mortgage Lender Consent Approval of Project for Financing Financing from Existing Financial Relationship or Finance Competition CEFIA brings banks to the table

12 Sample Project Results New / Improved Infrastructure & building systems, including: Lighting Lighting Controls Energy Management Systems HVAC Systems Building Envelope Water Efficiency Improvements Cogen PVs & other Renewables O&M & Out Year Service Other elements related to building provided they can be done while maintaining an SIR > 1.

13 Construction Management ESCO Provides Turnkey Construction Management & Responsibility for all Measures

14 Slide Sample Title CT Hospital Project Facility Type: Hospital & Medical Center Facility Size: 840,000 sq. ft. Type of Contract: Energy Infrastructure Term of Contract: N/A Total Capital Cost: $2,140,000 Total Annual Savings: $533,000 Highlights (For Demonstrative Purposes Only) Lighting retrofit program 8,700 fixtures: T8/electronic ballasts/specular reflectors, compact fluorescents, LED exit and night lights, new fixtures, PCB removal. Upgrade steam distribution system Venturi (SteamBloc) nozzle technology. Conversion of 18 AHUs high velocity dual duct systems to VAV systems. Installation of 36 variable speed drives. Run around heat recovery for eight AHUs 100% outside air systems. Installation of 1,200 point direct digital control system.

15 Questions & Answers John DiModica, CEM, LEED O+M Sr. Account Exec