ENGIE North America and Axium Infrastructure Reach Financial Close on Long-Term Georgetown University Energy Infrastructure Partnership

By District Energy posted 07-01-2021 17:33

  

ENGIE

Summary

Georgetown Energy Partners (GEP), an entity owned by ENGIE North America and Axium Infrastructure (Axium), achieved financial close with Georgetown University through a long-term comprehensive energy management partnership. Under the terms of the 50- year agreement, GEP has assumed sole responsibility to operate, maintain, and modernize the University’s utility system including steam, chilled water, power and domestic water for their main campus location and downtown law center facilities.

This long-term agreement will help accelerate and actualize the University’s ambitious sustainability goals that include a 35 percent overall reduction in energy use intensity and to achieve carbon neutral status by 2030 by leveraging innovative energy solutions and modernization of the existing utility infrastructure.

For more information on Georgetown Energy Partners please visit https://georgetownenergypartners.com.

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