French multinational electric utility ENGIE announced today that it entered into a comprehensive energy agreement with Georgetown University in Washington DC, US. Accordingly, this agreement will help the university address sustainability and energy conservation through ENGIE’s management of its utility system.
Moreover, the company and Georgetown University representatives noted that this strategic alignment will help the institution advance its sustainability goals. Furthermore, both parties look to impact students, faculty, and the community positively.
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ENGIE and Georgetown University on partnering for energy sustainability
Today, ENGIE and Georgetown University in Washington DC announced they entered into a comprehensive energy agreement to help the institution achieve its sustainability goals. In fact, the deal will include ENGIE’s management of the university’s utility system.
During the agreement, the company will assume responsibility for enhancing, operating, and maintaining the electrical, heating and cooling, and domestic water systems. Moreover, the university will retain ownership of its facilities and control over decisions related to capital improvements.
According to a press release, both parties mentioned that the partnership will generate operational efficiencies through capital improvement and energy conservation programs. Thus, it will position Georgetown to reduce its energy use intensity by at least 35 percent by 2030.
Besides, the partnership aims to create additional resources to deepen the university’s focus on sustainably fostering a leading academic community.
In fact, this 50-year partnership is the latest example in which institutions are turning to a system for energy infrastructure upgrades.
Georgetown’s main campus is located in the Georgetown neighborhood, Washington DC. Currently, it covers more than 100 acres and houses approximately 60 main buildings. Moreover, it hosts 19,000 students and 6,200 employees, including 2,200 faculty. Its campus also includes MedStar Georgetown University Hospital.
Reception and forecasts
“After committing to divest from fossil fuels and launching a power purchase agreement that will ensure that two-thirds of the university’s electricity needs will be sourced through solar power, this partnership further enhances our ambitious sustainability goals,” said Geoff Chatas, Senior Vice President and Chief Operating Officer at Georgetown University.
Thus, “we are excited to partner with ENGIE to accelerate our progress in aligning with the UN Sustainable Development Goals. For instance, by integrating sustainability across our functional areas. Also, by becoming a model for how universities and other complex organizations can strengthen their sustainability efforts. Finally, we are confident that ENGIE’s expertise in clean energy management will improve the experience of students, faculty, and the broader community.”
“ENGIE is proud to become the university’s energy partner to achieve its sustainability goals;” said Cécile Prévieu, Executive Vice President in charge of Client Solutions at ENGIE. Moreover, “innovative solutions will be possible through our collaborative program with the campus community. Besides, it will help us to operate, maintain, and improve campus utility services.”
Finally, the company is a leader in energy services for universities, cities, and critical infrastructure entities worldwide. In fact, over the last three years, the firm implemented successful energy concession partnerships. For instance, at The Ohio State University and the University of Iowa.
Most recently, ENGIE announced its new collaboration with Howard University for a 20-year agreement.