{"id":380351,"date":"2020-11-12T16:18:11","date_gmt":"2020-11-12T21:18:11","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=380351"},"modified":"2020-11-12T16:18:11","modified_gmt":"2020-11-12T21:18:11","slug":"abm-projected-to-save-gsa-southeast-sunbelt-region-4-an-estimated-34-3-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/abm-projected-to-save-gsa-southeast-sunbelt-region-4-an-estimated-34-3-million\/","title":{"rendered":"ABM Projected to Save GSA Southeast Sunbelt Region 4 an Estimated $34.3 Million"},"content":{"rendered":"
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NEW YORK, Nov. 12, 2020 (GLOBE NEWSWIRE) — ABM (NYSE: ABM)<\/u><\/a>, a leading provider of facility solutions, has initiated an additional Energy Savings Performance Contract (ESPC) for the U.S. General Services Administration (GSA). Over the 20-year period, ABM\u2019s energy performance contract is projected to save an estimated $34.3 million generated by a projected average energy reduction of 37% for nine federal facilities in Alabama, Mississippi, and North Carolina. The project includes ventilation system upgrades to improve indoor air quality (IAQ) in all nine facilities.<\/p>\n

\u201cIndoor air quality is a concern for every employer and employee today, public and private,\u201d said Mark Hawkinson, President of ABM Technical Solutions. \u201cI\u2019m happy we can create the savings they need to address these capital improvements to make sure these ventilation upgrades happen.\u201d<\/p>\n

As of this project, ABM has provided custom energy solutions to GSA totaling more than $100 million of capital invested. ABM has previously implemented a multiple-phase ESPC for GSA in Los Angeles, California, with the most recent phase described here<\/u><\/a>.<\/p>\n

ABM\u2019s Energy Performance Contracting Program<\/u><\/a> enables federal entities and others, such as schools and local governments, to invest in critical facility needs like air quality, infrastructure, and sustainability goals. The program is designed to drive costs out of a facility\u2019s operating budget, redirecting savings to fund mission critical facility needs. This video<\/u><\/a> outlines how ABM provides custom technical and financial solutions for government facilities without upfront costs or tax increases.<\/p>\n

The project will restore a solar photovoltaic system de-energized due to unrepaired solar panel damage, saving much of the existing equipment. A new design will introduce redundancy to avoid shutdowns, including a monitoring system to help prevent and diagnose issues before they arise. HVAC renovations will significantly improve IAQ with better control of outdoor air, including more efficient use of fan energy and increased delivery of fresh air. Highlights of the project also include:<\/p>\n