Facilitating energy performance contracting
Trident has worked with over 100 state, higher education, local government, and K-12 school districts and agencies across the State of Colorado to successfully implement energy efficiency measures and renewable energy projects through the Governor’s Energy Office’s (GEO) Energy Performance Contracting program. On behalf of GEO, Trident works with the agencies through each step of the process offering guidance and technical support including: energy consulting services, advice on funding opportunities and available financing mechanisms, energy engineering, feasibility studies, project management, and monitoring and verification of energy and cost savings.
City of Lafayette Energy Performance Contract
Trident worked on behalf of the Colorado’s Governor Energy Office (GEO) to implement an energy performance contract (EPC) for the City of Lafayette. The City had $1,200,000 of capital improvements and no capital budget to fund these improvements. The City used the EPC process as a way to fund their capital improvements and improve the City’s energy footprint. The City received $70,000 in utility incentives, $40,000 in GEO grants, and financed the remaining project cost through a tax-exempt lease purchase. Energy saving measures ranged from lighting retrofits and replacing inefficient and outdated equipment to installing new solar photovoltaic and thermal systems on the Recreation Center roof.
Trident worked with the Director of Facilities and Recreation, theCity Manager, and the City Council to gain a better understanding of the EPC process, which helped the city to ultimately make the decision to move ahead with the project. Curt Cheesman, the city’s Facilities and Recreation Director said of Trident, “GEO’s unbiased third party consultants helped me understand the EPC process and provided the security and confidence I needed to forward.”
Trident provided support to the City at every step of the project, including: communicating the pros and cons of EPC, analyzing existing utility bill consumption and costs, determining potential opportunities for savings, assisting with Request for Proposals for Energy Service Company (ESCO) selection, and reviewing technical documents prepared by the ESCO. When the project is completed Trident will also assist the City with the measurement and verification process.
After energy and water saving measures are implemented, the project is expected to save the City $115,000 in utility bills and operation and maintenance costs every year and reduce electricity consumption by 700,000 kWh annually.