ABM Helps Large Virginia School System Save $6.7 Million with Facility Enhancements
05 Dezembro 2023 - 10:00AM
ABM (NYSE: ABM), a leading provider of facility services,
infrastructure and eMobility solutions announced the initiation of
an Energy Performance Contracting program for Orange County Public
Schools (“OCPS”) in central Virginia. This marks the third energy
savings project for OCPS by ABM. The new project creates an
additional $6.7 million in projected energy and operating cost
savings over a twenty-year period. In addition, OCPS will undergo
an extensive upgrade to a critical HVAC mechanical system, and LED
lighting upgrades enhancing learning environments for all its
schools.
“We’re leveraging upgraded technology to deliver
new energy cost reductions and improve lighting quality to optimize
learning environments,” said Mark Hawkinson, President of ABM
Technical Solutions. “This project builds on earlier improvements
and creates savings to match or exceed the entire cost of lighting
upgrades, bringing those benefits to every school and every
student.”
In addition to energy savings and operational
cost reductions from improved lighting, HVAC, and water
conservation upgrades, the contract includes maintenance services
and a STEM engagement program to help students learn about energy
conservation, and how building these systems contributes to
sustainability goals. The project also modernizes some HVAC
infrastructure with energy-efficient Variable Refrigerant Flow
(“VRF”) equipment to improve resiliency which addresses
increasingly extreme seasonal fluctuations in the weather.
“Orange County Public Schools is looking forward
to the return of ABM to begin work on our third energy savings
performance contract for the division. The two previous contracts,
in 2013 and 2016, were both very successful and resulted in energy
savings well above the guaranteed savings to cover the cost of the
work,” said Dr. Daniel Hornick, Superintendent of Orange County
Public Schools. “Further, both of our previous performance
contracts with ABM greatly reduced our maintenance and repair
costs.”
ABM’s Energy Performance Contracting Program
enables a school system to invest in critical facility upgrades
without drawing new capital from the community. The program is
designed to drive costs out of a district’s operating budget,
redirecting savings to fund critical facility needs and educational
initiatives. ABM works with more than 500 K-12 school systems,
colleges, and universities throughout the U.S. This video outlines
how ABM provides a way to empower investment in educational
facilities without upfront costs or tax increases.
OCPS serves approximately 5,000 students in
central Virginia. The project implements upgrades at all locations,
including six elementary schools, two middle schools, Orange County
High School, and the Taylor Education Administration Complex
(TEAC).
For more information on ABM, please visit
www.abm.com.
About ABMABM (NYSE: ABM) is one
of the world’s largest providers of facility services and
solutions. A driving force for a cleaner, healthier and more
sustainable world, ABM provides essential services and
forward-looking performance solutions that improve the spaces and
places that matter most. From curbside to rooftop, ABM’s
comprehensive services include janitorial, engineering, parking,
electrical and lighting, energy and electric vehicle charging
infrastructure, HVAC and mechanical, landscape and turf, and
mission critical solutions. ABM serves a wide range of
industries—from commercial office buildings to universities,
airports, hospitals, data centers, manufacturing plants and
distribution centers, entertainment venues and more. Founded in
1909, ABM serves over 20,000 clients, with annualized revenue
approaching $8 billion and more than 100,000 team members in 350+
offices throughout the United States, United Kingdom, Republic of
Ireland and other international locations. For more information,
visit www.abm.com.
MEDIA CONTACT:
ABMMichael
Valentinomichael.valentino@abm.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/abb70094-a99a-43ab-9184-5aaefa9a1c18
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