DailyEnergyInsider
Summary
Universities increasingly outsource the management of their power/HVAC systems to private companies and investor-owned utilities (IOUs) to help meet their environmental/sustainability goals and to improve cost efficiencies.
With an ambitious goal to become an international pioneer in sustainability, Ohio State University (OSU), for example, in 2017 entered into a 50-year integrated solutions agreement with Ohio State Energy Partners (OSEP) — a public-private partnership between gas and electricity supplier ENGIE North America and investment firm Axium Infrastructure — which is leasing the university’s energy assets.
“Public-private partnerships allow for an alternative funding stream to achieve key initiatives like energy use reduction that can also contribute to a reduction of carbon emissions, while still allowing the university to focus on its core mission of teaching, research, and health care thanks to money going toward the overall endowment,” Brett Garrett, director of energy at OSU’s Facilities Operations and Development, told Daily Energy Insider.
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