UMass Memorial Plans $24 Million Cut in Energy Costs
NEC member UMass Memorial Health Care recently announced that the medical center is expected to save up to $24 million in energy and operational costs through Phase Two of a 10-year energy performance contract between UMass Memorial and Siemens.
The 10-year contract is part of a larger effort by UMass Memorial to reduce energy consumption for the healthcare system and increase the use of renewable energy. Phase Two of the project will include installing a solar net metering system that will allow UMass Memorial to use solar energy generated elsewhere. Another step in Phase Two will be creating a cogeneration plant to repurpose heat created at the UMass Memorial Medical Center to generate electricity.
“Our partnership with Siemens through the energy performance contract has already proven to be an effective and beneficial model,” said Associate Vice President of Facilities and Capital Planning at UMass Memorial Medical Center, Gary Valcourt. “The goal is to establish a program that can be sustained for decades. As we update our patient and operating rooms, we know energy consumption patterns will change, but we’re relying on our partnership with Siemens to help build resiliency into our facility.”
The New England Council thanks UMass Memorial for its being a leader in reducing energy consumption and leveraging renewable energy opportunities available in New England. Read more in Worcester Business Journal and Yahoo Finance.