North Carolina Agricultural and Technical State University (N.C. A&T) has selected NORESCO for a $3.8 million energy infrastructure project in Greensboro, North Carolina.
Both parties signed a $3.8 million guaranteed energy savings agreement for work on the Greensboro campus.
NORESCO specializes in the development, design, construction, financing and operation of energy- and environmental-efficiency projects and is a part of UTC Building & Industrial Systems, a unit of United Technologies Corp.
The project is funded by reductions in energy usage over a 17.25-year contract term, with no upfront cost to taxpayers for improvements to university buildings and systems. It includes lighting, steam system and weatherization improvements, installation of new heating, ventilation and air conditioning (HVAC) controls, retro-commissioning at selected buildings and a preventive maintenance program. Construction is expected to occur over 14 months.
As part of the agreement, NORESCO guarantees annual energy consumption savings of more than $300,000 after the improvements are fully implemented. Energy reductions will also reduce the carbon footprint of the university, with an expected annual improvement equivalent to removing 881 cars from the roadways.
A significant portion of work is expected to be subcontracted to minority firms.