calenar_june 6 2013

Blue Hill Launches Program to Fund Science Building Efficiency Projects at PA Colleges and Universities

Philadelphia PA

As part of the Campus Energy Efficiency Fund, Blue Hill has created a program to fund science building energy efficiency upgrades at Pennsylvania based colleges and universities. The program will allow colleges and universities to implement science building energy efficiency projects at no cost and pay for the projects through achieved energy savings.

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Science buildings are the biggest energy users on campus – with energy use intensity of 3 to 4 times that of non science buildings. With such high energy usage, science buildings typically represent the largest energy savings opportunities on campus, with savings between 40-60%. Blue Hill provides project funding through an Efficiency Service Agreement (“ESA”), which allows Blue Hill to pay for the entire cost of the project and be repaid only through achieved savings.  Projects provide immediate positive cash flow to the school and often include related building upgrades and repairs. The ESA is a turnkey, performance based alternative to funding the project through the capital or operating budget.Blue Hill has created a package of Energy Conservation Measures specifically targeted at science buildings, including: centralized demand control ventilation, supply and exhaust valves, fume hood controls, and upgrades from constant to variable volume systems. The retrofit package was created using proven energy savings strategies implemented at other leading colleges, including University of Pennsylvania, Harvard University, and University of California Irvine.An overview of the program can be downloaded here.For additional information please contact Walter King at Blue Hill Partners @ 215-247-2400 x 103About Blue HillBlue Hill Partners is a private investment firm that has been exclusively focused in the energy efficiency sector for over 13 years. Blue Hill’s mission is to be the leader in investing in projects and businesses that provide energy efficiency, sustainability, and renewable energy as a service for the built environment.