to-the-point: 14 cos in line for USD-1.5bn US Army energy savings MATOC

May 13 (SeeNews) - Total of 14 businesses have been chosen by the US Army for a USD-1.5-billion (EUR 1.3bn) energy savings performance contracting (ESPC) Multiple Award Task Order Contract (MATOC).

Companies such as Ameresco Inc, Schneider Electric Buildings Americas Inc and Siemens Government Technologies Inc will be competing for deals to design, construct and operate energy savings projects for the military. The full list is available here.

The so-called energy service contractors (ESCO) will be providing the capital and expertise to make comprehensive energy and water efficiency improvements on facilities or implement new renewable energy capabilities and maintain them in exchange for a portion of the generated savings. This MATOC comes to support the US Army's targets for 30% energy and 15% water use reduction without upfront capital costs.

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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