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ABM to Reduce Energy and Operating Costs for the General Services Administration in Los Angeles, Calif., by More Than $21 Million

ABM INDUSTRIES (ABM)  More Company Research Source: GlobeNewswire
Last abm industries earnings: 9/6 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.abm.com/investor-relations
PDF NEW YORK, Oct. 02, 2018 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of facility solutions, has initiated the Phase 2B of a multi-phase Energy Savings Performance Contract for the U.S General Services Administration (GSA) in Los Angeles, Calif. The final phase of ABM's customized solution is projected to save the GSA more than $21 million in energy and operating costs over a 19-year period. The project is scheduled for completion in July 2019. Energy and operations savings will be achieved by upgrading to energy-efficient LED lighting, upgrading HVAC infrastructure and controls and improving building envelopes at five federal high-rise buildings, which totals 2.6 million-square-feet, in Los Angeles. The primary driver of energy savings is a battery power storage system that will allow the GSA to participate in multiple Southern California Edison energy conservation programs, while improving energy resilience for critical GSA spaces. The upgrades will save the GSA nearly [Read more]

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