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Sustainable development

RWE Selected by U.S. Department of Energy to Enhance Efficiency and Sustainability in Federal Facilities

Strategic Insights

— 1 min read

The U.S. Department of Energy has selected RWE, a leading renewable energy company, as one of 20 energy service companies (ESCOs) to provide Energy Savings Performance Contracts (ESPCs) for federal agencies. This program aims to improve the efficiency and sustainability of federal facilities by leveraging private capital, aligning with the Biden Administration's efficiency and decarbonization goals. As a designated ESCO, RWE will conduct energy audits and identify improvements to save energy, generating cost savings to pay for the project. RWE Clean Energy, a subsidiary of RWE AG, operates a renewable energy portfolio of about 8 gigawatts installed capacity, solidifying its position as the number four renewable energy company in the U.S.

Key Takeaways:

  • RWE has been selected by the U.S. Department of Energy as one of 20 energy service companies (ESCOs) to provide Energy Savings Performance Contracts (ESPCs) for federal agencies.
  • The program, now in its 25th year, aims to improve the efficiency and sustainability of federal facilities by leveraging private capital, aligning with the Biden Administration's efficiency and decarbonization goals.
  • RWE Clean Energy operates a renewable energy portfolio of about 8 gigawatts installed capacity, making it the number four renewable energy company in the U.S.
  • RWE Clean Energy's strong position in renewable energy resulted from combining RWE Renewables Americas with Con Edison Clean Energy Businesses, acquired by RWE in March 2023.
  • As a designated ESCO, RWE will conduct a comprehensive energy audit and identify improvements to save energy, generating cost savings sufficient to pay for the project over the term of the contract.
  • Energy Savings Performance Contracts allow federal agencies to accomplish energy savings projects without special Congressional appropriations.

Statistics:

  • 20: Number of energy service companies (ESCOs) selected by the U.S. Department of Energy to provide Energy Savings Performance Contracts (ESPCs) for federal agencies.
  • 25: Number of years the Energy Savings Performance Contract program has been in operation.
  • 8: Gigawatts installed capacity of RWE Clean Energy's renewable energy portfolio.
  • 4: Ranking of RWE Clean Energy as the number four renewable energy company in the U.S.
  • 1998: Year the first Energy Savings Performance Contracts (ESPCs) were awarded.

Sources:

  • RWE AG: [https://www.rwe.com/home/news/2023/august/rwe-selected-by-u-s-department-of-energy-to-develop-energy-savings-performance-contracts-escps-for-federal-agencies](https://www.rwe.com/home/news/2023/august/rwe-selected-by-u-s-department-of-energy-to-develop-energy-savings-performance-contracts-escps-for-federal-agencies)

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