GreenGen Gains Contract to Modernize Energy Efficiency in Federal Buildings
Real estate sustainability management firm GreenGen has been selected to work at modernizing the energy and water service vulnerabilities across federal buildings nationwide.
The U.S. Army Corps of Engineers awarded GreenGen and other contractors with energy savings performance contracts to overhaul outdated energy and water systems. A federal Government Accountability Office report last year warned that the maintenance and repairs backlog across the Department of Defense and other federal civilian agencies totaled $370 billion, including $17 billion of modernization needs within the General Services Administration alone.
Many of the nation’s 277,000 federal buildings were built before modern energy codes were adopted and are being operated well beyond intended facility lifespans.
"Mission-critical buildings are among the oldest and least efficient assets today," said Brad Dockser, founder and CEO of GreenGen, in a statement. "This program highlights how performance-based business models can cost-effectively tackle energy retrofits, enhance resilience, and unlock long-term value, especially as building utilization continues to evolve."
The energy savings performance contract model allows agencies to fund infrastructure upgrades by leveraging private capital and repaying project costs over extended periods using the money saved with the upgraded equipment. GreenGen’s work will include modernization of lighting, heating and cooling systems, power generation and energy storage, microgrids and water efficiency.
The Maryland-based company has performed similar work in the past with GSA, U.S. Forest Service, the Federal Bureau of Investigation and Department of Homeland Security.
Activating energy efficiency technologies to improve buildings can save more than $700 billion and cut overall U.S. greenhouse gas emissions by 50% by 2050, according to estimates from the non-profit research group American Council for an Energy-Efficient Economy.