DOE awards contract to TAC for up to $5 billion in energy-efficiency projects

Dallas, TX, Jan. 9, 2009 — The Department of Energy (DOE) has awarded an indefinite delivery indefinite quantity (IDIQ) energy savings performance contract (ESPC) to TAC, the building automation business unit of Schneider Electric. The contract has a potential of $5 billion in energy-efficiency, renewable energy, sustainable design and water conservation projects at federally owned buildings and facilities.

The contract is part of a larger effort by the federal government, the largest single user of energy in the United States, to meet rigorous energy savings and efficiency objectives.

“This set of awards will ensure that federal agencies have access to powerful tools for alternative financing at a scale that is needed to meet our challenge of reducing energy intensity, increasing the use of renewable energy, and decreasing water consumption,” says DOE secretary Samuel W. Bodman.

With the contract, the U.S. government will use private, long-term financing to implement energy-efficiency projects. Money saved through increased efficiencies will pay service providers such as TAC for installing energy conservation measures and for the cost of investment capital and services.

The IDIQ performance contract awarded to TAC provides for a maximum individual contract value of $5 billion over the life of the contract; does not include technology-specific restrictions; and allows federal agencies to use it in federal buildings, nationally and internationally.

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