Corvias, a partner to the U.S. Army as part of the U.S. Department of Defense Military Housing Privatization Initiative (MHPI), completed a large-scale project involving the installation of energy-efficient upgrades to all Fort Meade homes.
Corvias made a $325 million Investment to complete the 142,000 improvements at the military housing community. The upgrades included:
· Adoption of water conservation methods
· Completion of 112,000 energy-efficient lighting and fixture upgrades
· Deployment of over 1,200 HVAC split systems
· Addition of over 2,600 “smart" thermostats to monitor building temperature and humidity, and
· Installation of approximately 2,600 water meters for quick leak detection and usage data
“Our community will benefit from these enhancements for many years to come,” said Peter Sims, managing director for Corvias. “We have upgraded homes with the best technology available. As a result, we estimate future utility savings of $240 million across installations, which will be reinvested back into our military communities to benefit our residents.”
The investment by Corvias also includes the renovation of 120 homes in the Heritage Park, Potomac Place, and Patriot Ridge neighborhoods at Fort Meade. This work includes upgrades to flooring, kitchens and bathrooms.
For the Army, these upgrades will bring cost savings. The $325 million Solutions Investment will also benefit over 70% of the Corvias-managed homes across Fort Sill (Oklahoma) Fort Riley (Kansas), Aberdeen Proving Ground (Maryland), Fort Bragg (North Carolina) and Fort Rucker (Alabama).
These changes are expected to save $240 million over 30 years. Corvias will be able to reinvest the savings in the military communities. It is estimated that the energy conservation measures will yield annual utility savings of approximately 16% of Corvias’ Army portfolio-wide utility-related operating expenses.
