Baltimore Convention Center to Save $18 Million Through Energy Performance Contract With Constellation
July 16, 2012
BALTIMORE (July 16, 2012) - Constellation, a business unit of Exelon, and the Baltimore Convention Center today announced an energy performance contract (EPC) to install approximately $10 million in water and energy conservation measures.
Under the terms of the EPC, the water conservation and energy efficiency improvements provided by Constellation require no upfront capital from Baltimore Convention Center and are guaranteed to provide approximately $18 million in cost savings over a 15-year period. Baltimore Convention Center will use the guaranteed savings from the conservation measures to fund the project.
"The Baltimore Convention Center is committed to sustainable operations," said Peggy Daidakis, executive director for Baltimore Convention Center. "This EPC with Constellation helps us to meet our goals of reducing overall water and energy usage and to satisfy our customers with whom we are actively engaged in promoting greener meeting spaces."
Theodore Atwood, director of the Baltimore City Department of General Services, added that, "The Convention Center project is another step in our efforts to reduce Baltimore City government's electric power use by 20 percent by 2015."
By implementing water and energy conservation measures, Baltimore Convention Center expects to conserve an estimated 100 million gallons of water and avoid the creation of 6,058 metric tons of carbon dioxide annually over the next 15 years.
Click here to view a brief video about the Baltimore Convention Center's conservation efforts through its energy performance contract with Constellation.
"Energy performance contracting is a valuable resource for private and public entities to leverage their existing operational budget for needed capital improvements," said Michael D. Smith, vice president of solar and energy efficiency sales for Constellation. "We look forward to working with the Baltimore Convention Center to help maximize energy savings and meet its environmental goals."
The conservation measures installed by Constellation include: energy efficient LED lighting and lighting controls; HVAC repairs and controls upgrades; thermal blankets on steam valves and fittings; low-flow toilets and faucets; building envelopment improvements such as caulking and weather stripping; and installation of a "cool roof" membrane to reflect heat.
Work is scheduled for completion by winter 2013.
A NAESCO-accredited Energy Services Provider, Constellation has assisted commercial customers and public agencies throughout the U.S. to implement energy efficiency programs. Customers interested in energy efficiency and environmental solutions may contact Constellation at 1-800-4ENERGY firstname.lastname@example.org.
About Baltimore Convention Center
The Baltimore Convention Center is the premier location in the Mid-Atlantic for organizations to host conventions, meeting, luncheons and other activities large and small. The four level Center boasts seven exhibition halls providing a total of 300,000 square feet, 50 meeting rooms with a total of 85,000 square feet and the largest ballroom in the state of Maryland, totaling over 36,000 square feet. The Center is conveniently located off of Interstates 83 and 295 in the revitalized downtown area and is surrounded by several major hotels and tourist attractions all within walking distance.
Constellation is a leading competitive retail supplier of power, natural gas and energy products and services for homes and businesses across the continental United States. Constellation's family of retail businesses serves approximately 2 million residential, public sector and business customers, including more than two-thirds of the Fortune 100. Baltimore-based Constellation is a subsidiary of Exelon Corporation (NYSE: EXC), the nation's leading competitive energy provider, with 2015 revenues of approximately $34.5 billion, and more than 32,700 megawatts of owned capacity comprising one of the nation's cleanest and lowest-cost power generation fleets. Learn more at www.constellation.com or on Twitter at @ConstellationEG.
Jennifer Douglass, Baltimore Convention Center