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Nation’s Energy Service Companies Welcome White House Climate Smart Buildings
Initiative

Performance Contracting Initiative Will Accelerate Energy Efficiency in Federal Buildings and
Drive Emissions Reductions

Washington, D.C., AUGUST 3, 2022 -- The National Association of Energy Service Companies
(NAESCO), the leading advocacy and accreditation association representing companies
modernizing our nation’s building infrastructure through energy efficiency projects, welcomes
the Biden-Harris Administration’s announcement of the Climate Smart Buildings Initiative. The
new government-wide program will set emissions reduction targets for federal buildings and
increase annual investments in performance contracts to $1.2 billion by 2030. This step forward
to engage with agency leadership and energy service company partners in the private sector
will accelerate efficiency efforts and ensure long-term success.

“The Climate Smart Buildings Initiative continues the progress established with past
performance-contracting initiatives while setting the ambitious, achievable targets we need to
meet emissions and operational sustainability goals,” said NAESCO Executive Director Dr.
Timothy D. Unruh. “By leveraging public funds and financing improvements through energy
savings performance contracts, the federal government can scale up the building improvements
and retrofits they need and expand the impact of efficient infrastructure in public facilities.”

The energy efficiency upgrades supported in this initiative will provide significant cost savings,
reduce power and water bills, and create tens of thousands of jobs,” added Unruh. “The addition
of the Climate Smart Buildings Initiative to the Federal Sustainability Plan will keep our
government on track to meet emissions goals while incorporating the flexibility and upfront
funding that energy service companies can provide.”

Through energy service performance contracts (ESPCs), energy service companies (ESCOs)
and service providers upgrade HVAC systems, lighting, water management, indoor air quality,
smart metering, and more to reduce buildings’ carbon footprint while increasing cost savings
and resiliency for customers and communities. Since 1990, ESCOs have delivered $70 billion in
projects paid from savings and saved 480 million tons of carbon emissions.

About NAESCO
The National Association of Energy Service Companies (NAESCO) is the leading advocacy and
accreditation organization for Energy Service Companies (ESCOs) and is dedicated to
modernizing America’s building infrastructure through performance contracting. Uniting the
energy service industry, NAESCO promotes favorable government policies; sponsors a rigorous
accreditation program; provides training and education; and champions the interests of ESCOs
across the nation.

ESCOs contract with private and public sector energy users to provide cost-effective energy
efficiency retrofits across a wide spectrum of client facilities, from college campuses to water
treatment plants. Effectively utilizing a performance-based contract business model, ESCOs
have implemented more than $50 billion in comprehensive energy efficiency retrofit projects
over the last three decades.

Learn more about NAESCO, its members, membership benefits and accreditation process at
www.naesco.org, and follow NAESCO on Twitter (@NaescoNews) and LinkedIn (@naesco).

Media Contact for NAESCO

Jen Fletcher
On behalf of NAESCO
jen@teamsilverline.com