ABM to Reduce Energy and Operating Costs of Lowndes County School System by More Than $13.6 Million
July 10 2018 - 8:00AM
ABM (NYSE:ABM), a leading provider of facility solutions, has
initiated an Energy Performance Contracting program for Lowndes
County Schools in Valdosta, Georgia. ABM's customized solution is
projected to save Lowndes County Schools more than $13.6 million in
energy and operating costs over a 15-year period, which the school
system will utilize to make facility upgrades and put more funding
toward building a new high school. The project launched in June
2018, and is scheduled for completion in June 2019.
Energy and operations savings will be achieved
by implementing lighting, HVAC and control upgrades at each of the
school system’s facilities. The upgrades will save Lowndes
County Schools approximately $800,000 in energy and operating costs
in the first year, which will climb during the life of the program,
resulting in over $13.6 million savings.
"ABM’s Energy Performance Contracting program
will help Lowndes County School System recognize its facilities can
be functioning more efficiently and create a significant savings,
while improving their students’ educational environment," said Mark
Newsome, President of ABM Technical Solutions. "By leveraging
guaranteed energy and operational savings of ABM’s program, Lowndes
County School System will be able to put more funding toward new
construction, while upgrading their existing facilities."
The infrastructure at seven of Lowndes County
School System’s facilities is aging or near the end of its
lifespan. In addition, the school system plans to demolish and
rebuild half of Lowndes High School. The project allows the school
system to dedicate more funding to the high school project, while
using the guaranteed energy savings to fund the other facilities’
upgrades.
While Lowndes County School System will use the
energy upgrades to invest in its facilities, ABM plans to use the
project to invest in the community by using local contractors to
handle the majority of the school system’s equipment
installations.
“This entire project provides a positive
financial investment in the community,” Newsome said.
ABM's Energy Performance Contracting program
will enable the school system to make these upgrades without
impacting its capital budget. The program is designed as a
financial solution to meet clients' technical facility needs and
sustainability goals. The goal is to drive costs out of a client's
operating budget, allowing savings to be reallocated to fund
mission critical facility needs. Click here for a video on how ABM
is providing facility and financial solutions to school districts
without upfront costs or tax increases.
“ABM’s customized solution for Lowndes County
School System will allow us to upgrade our existing facilities
through energy and operational savings, while committing additional
funding to new construction,” said Wes Taylor, Superintendent of
Lowndes County School System. "ABM provides our school system with
facility and financial solutions that are keeping with our
commitment to being good stewards of the resources entrusted to us
by the taxpayers of Lowndes County."
Click here for a complete listing of the
energy-efficiency improvements at Lowndes County School System’s
facilities. Highlights of the project include:
- Retrofitting lighting systems to energy-efficient LED lighting
at five schools, the Parker Mathis Learning Center, the Board of
Education and the bus shop and maintenance buildings
- Rejuvenating HVAC units at seven facilities, which will be
controlled by state-of-the-art HVAC control systems to maximize
energy and operational efficiency
- Refrigeration management programs and high-efficiency hand
dryers will be put in place at six of the school system’s
buildings
- Upgrading ventilation systems at Lowndes County High School and
Hahira Middle School, and sealing building envelopes at nine
facilities
For more information on ABM's Energy Performance
Contracting Program and other offerings, visit www.abm.com.
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ABOUT ABM
ABM (NYSE:ABM) is a leading provider of facility solutions
with revenues of approximately $5.5 billion and more than
130,000 employees in 350+ offices throughout the United
States and various international locations. ABM's
comprehensive capabilities include janitorial, electrical &
lighting, energy solutions, facilities engineering, HVAC &
mechanical, landscape & turf, mission critical solutions and
parking, provided through stand-alone or integrated solutions. ABM
provides custom facility solutions in urban, suburban and rural
areas to properties of all sizes - from schools and commercial
buildings to hospitals, data centers, manufacturing plants and
airports. ABM Industries Incorporated, which operates through
its subsidiaries, was founded in 1909. For more information, visit
www.abm.com.
CONTACT
Media:Alex Varjan(212)
297-9737alex.varjan@abm.com
Investor & Media Relations:Susie A.
Choi(212) 297-9721susie.choi@abm.com
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