NORESCO to Enhance Resiliency for Naval Submarine Base New London with $83.1 Million Energy Savings Performance Contract

WESTBOROUGH, Mass., Feb. 28, 2020 /PRNewswire/ -- NORESCO, a national leader in energy efficiency, resiliency and infrastructure solutions, is implementing an $83.1 million energy savings performance contract (ESPC) with Naval Submarine Base New London (SUBASE NLON) in Groton, Connecticut. The core of the ESPC project is the expansion of on-site cogeneration capacity and microgrid system. During grid outages, these measures will support 100% of the power requirements for SUBASE NLON's mission-critical piers and nuclear submarines in port. The project, championed by the Navy's Resiliency Energy Program Office and contracted through the Naval Facilities Engineering and Expeditionary Warfare Center, strengthens the Navy's energy security.

Other energy conservation measures include new microgrid capabilities with electrical infrastructure upgrades, steam distribution system improvements, new LED lighting, and a new base-wide cybersecure energy management controls system. In addition to these self-financed capital improvements, NORESCO will be providing $64 million in operations and maintenance support over the 18-year performance period to be paid through energy savings.

"NORESCO is honored to support Submarine Base New London's critical mission with enhanced resiliency, providing uninterruptible power generation capacity to the base and the submarines on the waterfront," said Natasha Shah, vice president, NORESCO. "The Base has now become a part of our Navy portfolio of 34 ESPC projects, totaling more than $1 billion in guaranteed savings."

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 $5 billion in energy and operating cost savings at more than 10,000 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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