Chevron Wins Dept. of Energy Contract for Efficient and Renewable Power
Chevron Energy Solutions (CES), a unit of Chevron Corporation, has been awarded a master contract by the U.S. Department of Energy (DOE) to work with federal agencies to reduce energy and water consumption and increase the use of renewable energy at agency facilities, the company announced in a press release on Friday.
The contract, one of sixteen Energy Savings Performance Contracts (ESPC) awarded to different firms, provides for a maximum value of $5 billion over the life of the contract.
The plans are “intended to ensure quality design, implementation, operation and maintenance services for federal agency energy projects.”
“We are extremely pleased to be awarded one of the Department of Energy’s new master energy performance contracts,” said Jim Davis, president of Chevron Energy Solutions. “This contract is expected to allow CES to expand our partnership with federal agencies to help them become more energy efficient, use more renewable energy and achieve taxpayer savings.”
The Energy Policy Act of 2005 and the Energy Independence and Security Act of 2007 require federal agencies to achieve a 30 percent reduction in energy intensity and a 16 percent reduction in water use by 2015. They also require an increase in renewable energy use by federal facilities to 7.5 percent of electricity needs by 2013. The new DOE contracts are intended to help federal agencies achieve these mandated targets by working in partnership with the private sector, Chevron said in its statement.