CHANTILLY, Va.--(BUSINESS WIRE)--Energesco Solutions LLC (Energesco), an energy efficiency and renewable power company, has signed an Energy and Water Conservation Assessment Agreement with Federal Capital Partners (FCP) to conduct comprehensive energy assessments at certain multifamily properties in FCP’s real-estate portfolio.
The assessments will identify energy and water conservation measures that deliver significantly lower utility costs, improve tenant comfort and reduce the properties’ carbon footprint.
Once the assessments are completed, Energesco and FCP expect to negotiate an Energy Services Contract in which Energesco will implement similar energy and water conservation measures across FCP’s broader portfolio of multifamily properties.
“Our approach to energy consumption and demand is comprehensive and holistic,” said William Bennett, Energesco CEO. “When analyzing a facility, we look at all available options, from lighting and controls to the building envelope. We also examine energy management systems, chillers, boilers and cooling towers, and determine solid ways to improve efficiency and lower costs.”
In addition, the company works side-by-side with clients to negotiate or renegotiate energy supply contracts.
“We help them secure available energy incentives, rebates and financing for a project,” Bennett said, “and then package these services to meet our clients’ financial objectives and energy goals.”
He added, “Our efforts with FCP will play a vital role in identifying, designing and implementing energy and water conservation measures that reduce FCP’s utility costs and improve the comfort and satisfaction of tenants.”
Alex Marshall, an FCP managing partner, said, “Energesco’s deep technical expertise, combined with its financial sophistication and ability to tackle energy and water conservation measures for a project of this magnitude made it easy for FCP to enter into this important agreement.”
FCP is one of Washington, D.C.’s most active privately held real estate investment companies, investing in multi-family and commercial assets throughout the Mid-Atlantic region, including Washington, D.C., Baltimore, Philadelphia, the Virginia Tidewater region and the Raleigh/Durham area.
Energesco works with a variety of commercial and institutional clients, including real estate investment companies, REITs, restaurants, hospitals and private schools. As part of its multidisciplinary approach to energy conservation, Energesco can retrofit and modernize a single facility or an entire real estate portfolio. The company only installs best-in-class energy efficient systems and renewable power technologies.
About Energesco Solutions LLC
Energesco Solutions LLC (Energesco), based in Chantilly, VA, is an independent provider of comprehensive energy efficiency and water conservation measures, and distributed power generation systems, including combined heat and power (CHP) and renewable power technologies. Energesco’s services include designing and implementing energy and water conservation measures and developing, constructing and operating distributed power generation assets. Energesco assists commercial and institutional clients with energy efficiency measures and renewable power solutions, including developers, investment companies, REITS, retailers, restaurants, hospitals and private schools. As an affiliate of Scott-Long Construction (www.scottlong.com), one of the most respected construction companies in the Washington, D.C. area for over 50 years, Energesco has the technical expertise and capability to manage projects of all sizes from start to finish. For more information, visit www.energescosolutions.com.
About Federal Capital Partners
Federal Capital Partners (FCP), based in Washington, D.C., is a privately held real estate investment company that has acquired interests in more than $3 billion in assets since 2003. FCP invests in multi-family and commercial assets throughout the Mid-Atlantic region, including Washington, D.C., Baltimore, Philadelphia, the Virginia Tidewater region and the Raleigh/Durham area and currently manages a portfolio of approximately $1.8 billion in real estate assets throughout those markets. FCP’s managing partners are Tom Carr, Esko Korhonen, Alex Marshall and Lacy Rice. For further information on FCP, please visit www.fcpdc.com.