The public-private partnership utilized funding provided by Pennsylvania’s Green Energy Loan fund which was was established by the Pennsylvania Department of Environmental Protection (DEP) with funding provided by the U.S. Department of Energy’s State Energy Program.
Metrus Energy, a pioneer in energy efficiency financing, has announced an Efficiency Services Agreement (ESA) project with Jack Barrack Hebrew Academy in Bryn Mawr, Pennsylvania, the company’s first deal with an educational institution.
The $1.1 million efficiency-as-a-service project will be installed later this summer at the Academy’s multi-building campus and will include HVAC upgrades, building automation, hot water controls and interior lighting retrofits. The project will reduce the Academy’s energy use by more than 25%. This translates into approximately 13,000 tons of CO2—the equivalent of taking 2,500 cars off the road over the life of the project.
Metrus is collaborating with Siemens on the installation, operation and management of the energy efficiency measures. Reinvestment Fund is a new lending partner for Metrus on this deal. The overall project will benefit from a public-private partnership by tapping into the State of Pennsylvania's Green Energy Loan Fund (GELF), which finances energy conservation and efficiency improvements for buildings across Pennsylvania. GELF was established by the Pennsylvania Department of Environmental Protection (DEP) with funding provided by the U.S. Department of Energy’s State Energy Program.
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