$86.8 Million NORESCO Energy Savings Performance Contract to Enhance Energy Security Framework for Navy Region Japan

WESTBOROUGH, Mass., March 22, 2019 /PRNewswire/ -- NORESCO, a national leader in energy efficiency and infrastructure solutions, is implementing self-funding facility improvements for the Navy Region Japan through an $86.8 million guaranteed energy savings performance contract (ESPC). The project at Naval Air Facility (NAF) Atsugi, Commander Fleet Activities (CFA) Sasebo and CFA Yokosuka will strengthen energy security and enhance resiliency and reliability in support of the United States Navy's mission.

"NORESCO is honored to help the Navy improve energy efficiency at these mission-critical locations while both enhancing energy supply and reducing energy use by 16 percent," said Natasha Shah, vice president, NORESCO. "The project is one of the Navy's largest water-saving initiatives, guaranteed to save 1.5 billion gallons over the contract term. It will help Navy Region Japan meet federally-mandated water reduction goals."

The scope of work includes increasing resiliency and reliability with dual-fuel capability at the NAF Atsugi main boiler plant, saving more than 2.1 million gallons of fuel oil annually. Chiller operations at CFA Sasebo will become more cost effective and reliable by replacing aging absorption chillers with new electric chillers. Residences at all three installations will receive upgraded LED lighting fixtures, lighting controls and plumbing fixtures that will reduce electricity and water usage. The project includes comprehensive maintenance, repair and replacement services throughout the contract term, reducing maintenance burden and cost to the site and ensuring reliable operation.

The project is a continuation of NORESCO's work with the Navy in Japan that began in 2008 when NORESCO completed the installation of a 39 megawatt combined heat and power plant at CFA Yokosuka. NORESCO has helped the Navy achieve more than $190 million in verified cost savings in Japan while improving infrastructure, strengthening energy security and enhancing resiliency and reliability.

For more information about NORESCO services, visit www.noresco.com.

About NORESCO
As one of the largest energy services companies in the U.S., NORESCO uses design-build, performance-based contracting vehicles and asset monetization solutions to deliver energy and maintenance savings and significant infrastructure upgrades to existing facilities. NORESCO has guaranteed more than $3 billion in energy and operating cost savings at more than 7,000 facilities throughout the U.S. and abroad. NORESCO also offers a full suite of consulting services to integrate sustainable design strategies into new construction and existing buildings. For more information, visit www.noresco.com.

SOURCE NORESCO

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