Aug. 9, 2023
Energy Department Selects Energy Service Companies to Help Federal Agencies Achieve Administration's Efficiency and Decarbonization Goals
DOE unlocked billions of dollars in private capital to improve the efficiency and sustainability of federal facilities. DOE competitively awarded contracts to 20 energy service companies (ESCOs) to provide Energy Savings Performance Contracts (ESPCs) for federal agencies, marking the fourth generation of such contracts awarded by DOE since 1998. Energy and water infrastructure projects financed through DOE's ESPC indefinite-delivery, indefinite-quantity (IDIQ) contract offer guaranteed cost savings for federal sites. With a ceiling of $5 billion per ESCO contract, they require no upfront government funding and are designed to pay for themselves over time. Federal agencies interested in initiating their next ESPC project are encouraged to contact the Federal Energy Management Program (FEMP) to get started. Stakeholders, including federal agencies, ESCOs, and the public can visit FEMP's ESPC program page to view the awarded contracts and access further information about ESPCs

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