ABM to Reduce Energy and Operating Costs for the City of Fremont, Ohio, by More Than $12 Million
ABM Industries Incorporated (ABM)
Last abm industries incorporated earnings: 3/4 04:15 pm
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Source: GlobeNewswire
NEW YORK, Sept. 19, 2018 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of facility solutions, has initiated an Energy Performance Contracting program for the City of Fremont, Ohio. ABM's customized solution is projected to save the City of Fremont more than $12 million in energy and operating costs over a 15-year period, which the city will utilize to make infrastructure updates. The project launched in August 2018, and is scheduled for completion in July 2019. Energy and operations savings will be achieved by upgrading city-owned street lights to energy-efficient lighting, retrofitting HVAC units and installing controls at eight of the city’s facilities. It also includes updates to the city’s water metering system, and residential and commercial water meters. The upgrades will save the City of Fremont $740,372 in energy and operating costs in the first year, which will climb during the life of the program, resulting in more than $12 million in savings. “By leveraging gu
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