PEABODY, Mass.–(BUSINESS WIRE)–Energi, a leading developer and underwriter of energy insurance products, has announced that Senior Vice President Kevin Kaminski will participate in a briefing focused on implementing ESPCs in the commercial and public building market. The briefing will be hosted by the congressional Bipartisan Caucus on Energy Savings Performance Contracts (ESPCs). Kaminski and other experts from building and energy service companies will examine the challenges and enormous opportunity of expanding use of these innovative financing tools to increase energy efficiency for commercial and public buildings.
“By helping to implement energy efficiency and capital improvements with minimal financial cost, these tools democratize cost savings and enable customers to reach energy efficiency goals.”
“ESPCs unlock financing for energy-saving capital improvements by repurposing cost savings into a payment stream for the upgrades,” said Kevin Kaminski, Senior Vice President of Alternative Energy Services at Energi. “By helping to implement energy efficiency and capital improvements with minimal financial cost, these tools democratize cost savings and enable customers to reach energy efficiency goals.”
ESPCs are employed by Energy Service Companies (ESCOs), and have typically been put into use in government buildings at federal, state and local levels. To-date, ESCOs have made $30 billion of infrastructure improvements using ESPCs, saving $50 billion in energy costs. Other panelists contributing to the briefing include: Donald Gilligan, President of the National Association of Energy Service Companies (NAESCO); Mark Wagner, Vice President of Government Affairs at Johnson Controls; David Anderson, Executive Vice President of Business Development at Ameresco.
The bipartisan Energy Savings Performance Caucus was created by Representatives Cory Gardner (R-CO) and Peter Welch (D-VT) to promote the use of ESPCs. Gardner, Welch, and the other eight representatives comprising the committee formed the caucus to expedite the process of applying ESPCs to government buildings across the country, and to utilize other contracting tools to promote energy efficiency at the federal, state and local levels. Based on U.S. Department of Labor data from the construction industry, for every $10 million spent on ESPC projects, 209 direct and indirect jobs are created, in addition to significant savings in energy costs.
ENERGY SAVINGS PERFORMANCE CONTRACTS IN ACTION: SUCCESS STORIES FROM AROUND THE COUNTRY
WHO: Donald Gilligan of the National Association of Energy Service Companies, Mark Wagner of Johnson Controls, David Anderson of Ameresco and Kevin Kaminski of Energi
Panelists will provide attendees with the following:
- Present attendees with a brief overview of ESPCs and their use in the marketplace.
- Examine case studies of successful projects that have been implemented in commercial and public buildings, including the Empire State Building, the City of Miami Beach, the City of Henderson, Nevada and the Virginia Department of Corrections.
- Discuss new financing and insurance options designed to solve traditional market barriers, promote job growth and generate significant energy cost savings.
Rayburn House Office Building
45 Independence Avenue SW, Washington D.C.
WHEN: Tuesday, April 9 from 11:00 a.m. – 12:00 p.m.
Energi is a Peabody, Massachusetts-based industrial reinsurance company that provides specialized insurance and risk management products to targeted market segments of the North American energy industry. The core programs include fuel distribution, fuel transport, energy construction, agricultural cooperatives, renewable energy, utilities and oil & gas exploration. Energi also has products that deliver protections for alternative energy and energy efficiency projects. Founded in 2005 by insurance professionals and energy industry leaders, Energi is licensed in all 50 states. For more information, visit www.emaxxgroup.com.