Lockheed Martin wins energy efficiency contract for Nicaragua embassy
The embassy will invest $15 million to save more than $36 million in utility expenses through the installation of 1 MW of solar photovoltaic generation, lighting upgrades and controls, chiller plant upgrades, etc.
The U.S. Department of State selected Lockheed Martin to deliver energy savings capabilities that will reduce greenhouse gas emissions and reliance on foreign energy by more than 50 percent for the U.S. Embassy in Managua, Nicaragua.
Under this contract, the embassy will invest $15 million to save more than $36 million in utility expenses through the installation of 1 MW of solar photovoltaic generation, lighting upgrades and controls, chiller plant upgrades, building automation system optimization and transformer upgrades.
On-site power generation will increase security and reduce risk of energy cost volatility for the next 25 years.
The contract is a task order under the Department of Energy's Energy Savings Performance Contracts (ESPC) indefinite delivery/indefinite quantity vehicle that allows federal agencies to accomplish energy savings projects without up-front capital costs. Instead, upgrades are financed through third-party loans that are paid back from the savings realized by the energy efficiency projects.
In 2008, the DOE selected Lockheed Martin as one of 16 Super ESPC companies prequalified to compete for task orders that encompass multiple projects or facilities. The corporation implements energy efficiency, smart grid and cyber security programs across the government and industry.