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Energy Efficiency Upgrades at Rhode Island College Are Expected to Save $5.1M Million

March 31, 2017

Providence-based Rhode Island College announced on March 29 that it had signed a $5 million energy savings performance contract (ESPC), which is expected to save the institution more than $340,000 annually for the next 15 years.

RIC has entered into an agreement with Ameresco to renew and upgrade campus energy infrastructure, and to implement energy efficiency and water conservation measures at the college.

In a formal statement, RIC’s Facilities and Operations team said the initiative “could allow the college to upgrade its energy infrastructure without any initial capital costs, address and achieve long-term cost savings; and improve the environment for students, faculty and staff.”

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