ABM
(NYSE: ABM), a leading provider of facility solutions, announces
that the US Department of Energy (DOE) selected ABM Technical Solutions
for placement on its Energy Savings Performance Contract (ESPC)
Multi-Award Task Order Contract (MATOC).
Selection to the DOE ESPC allows ABM to compete for more than $750M of
projects awarded through the contract each year. It is the largest Energy
Services Company (ESCO) contract vehicle managed by the federal
government and uses a rigorous selection process to pre-qualify a
limited number of ESCOs. The selection further validates ABM's track
record of helping federal agencies reduce costs through energy savings
solutions by the Company's Technical Solutions group. ABM's Technical
Solutions group is focused on creating financial solutions to meet
clients' technical facility needs and sustainability goals. The goal is
to drive costs out of a client's operating budget, allowing savings to
be reallocated to fund mission critical facility needs.
"ABM is proud to have been selected for this important contract by the
US Department of Energy," said Mark Newsome, SVP and President of ABM
Technical Solutions. "With ABM's past experience in delivering
performance contracting and energy solutions, we look forward to
utilizing our placement on the ESPC contract to reach new federal agency
clients."
ABM Technical Solutions has worked with a number of federal
government-owned facilities including the US General Services
Administration (GSA). ABM provides extensive energy and facility
improvements to federal buildings throughout Southern California,
including the Edward R. Roybal Federal Building in Los Angeles; the US
Social Security Building in Huntington Park; the 300 North Los Angeles
(NLA) Building; the Glenn M. Anderson Federal Building in Long Beach;
and the Ronald Reagan Federal Building and US Courthouse in Santa Ana.
In all, ABM's energy performance contracting program guarantees savings
of at least $48.4 million in energy and operating costs over the next 20
years and will reduce the buildings' energy use by more than 40 percent.
"Our clients turn to us for innovative measures to meet their critical
facility needs," said Ted O'Shea, Vice President, ABM Technical
Solutions. "Over the past four years, we have provided energy saving
solutions for the federal government's infrastructure that will generate
more than $60 million in energy and operating savings over the
performance period."
ESPC projects enable federal agencies to undertake energy savings
initiatives without incurring up-front capital costs. ESCOs must have
the capability to implement energy conservation measures that reduce
energy and water consumption or costs, increase renewable energy use
and/or may reduce energy and water-related operations and maintenance
(O&M) costs. ESCOs are required to provide O&M costs and measurement and
verification annually.
Established by the Federal Energy Management Program (FEMP), the US DOE
ESPC was created in accordance with the Energy Policy Act of 1992 and 10
C.F.R. 436. The Qualified List of Energy Service Companies is composed
of private industry firms that have submitted an application for
evaluation by the Qualification Review Board. Appointed by the US
Department of Energy, the Qualification Review Board assesses such
applications on merits of past performance, ability to finance energy
services contracts, actual energy savings of past projects, and other
metrics.
