Operation Energy Transformation
Transition Investment Funded from Energy Savings
Based on the simple business case of energy savings funding capital investment Energy Performance Contracts (EPC) deliver energy and maintenance efficiencies, it offers a performance guarantee and sharing of savings achieved. This innovative energy reduction business model provides a mechanism to allow businesses to act now to maximise environmental impact while simultaneously generating commercial savings.
It also allows building owners and operators to concentrate on running their businesses knowing that a performance-based contract is optimising their energy and maintenance expenditure.
Ensuring the retention of this energy reduction over a period of years is an important part of this model’s strategy. NLGES are combining the initial energy reduction capture with energy efficiency-based maintenance and ongoing building tuning to deliver a new market approach.
The EPC model has been successfully adopted by Dublin City Council and is delivering exceptional results by achieving 42% energy savings across three sports and fitness centres, Ballymun, Finglas and Markievicz. The project is on target to save €1.5 million for Dublin City Council over the eight-year contract term and 640 tons of CO2 annually. This working model demonstrates the effectiveness of what has been achieved. These savings are independently verified by DCC’s energy advisors, Codema, which carries out regular measurement and verification (M&V) of savings in each of the buildings. In 2019 NLGES signed a second EPC with Dublin City Council (DCC) which involves the upgrade to the efficiency of seven of its sports facilities and will see a saving of €1 million for DCC over the term of the eight-year contract.
We would encourage other local authorities, financial controllers, sustainability managers and other commercial and environmental decision makers to consider this option as a mechanism to quickly deliver ambitious results.
As Ireland now lags behind most of its EU counterparts in terms of meeting environmental commitments under the Paris Accord for Climate Change, we will soon face the potential for annual noncompliance fines in excess of €500 million. Against this stark backdrop, it has never been more important for the government and industry to act now, and with ambition, to collectively reduce our carbon footprint.
Let your energy savings do the heavy lifting
Contact our experts today to make your free energy transition: 01 469 3711 / 056 772 1115 email@example.com