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OU Inks Energy Efficiency Agreement
< < Back to ou-inks-energy-efficiency-agreementOhio University is projected to save $38 million through new water and energy conservation measures over the next 15 years.
The university awarded the Constellation company a contract for the work at 72 of the buildings on OU's main campus in Athens.
According to a news release, the $28 million project will be funded with low-interest bonds from the Ohio Air Quality Development Authority.
Through an agreement with Constellation, the university will not have to put any capital into the project upfront.
OU expects to conserve an estimated nine million gallons of water and avoid the creation of more than 50,000 metric tons of carbon dioxide annually.
"This relationship will not only provide significant cost savings for the University, but will also move us closer to achieving the long-term goals outlines in our sustainability and climate action plans," said Steve Golding, OU Vice President for Finance and Administration, in a news release.
Some of the conservation work includes: retrofitting interior lighting campus-wide, improvements to air systems and tower conditions, kitchen hood improvements and pipe and blanket insulation.
The work is scheduled to be completed by summer of 2014.