Georgetown University in Washington, DC has entrusted Georgetown Energy Partners, a joint venture partnership comprising ENGIE North America and Axium Infrastructure with the management of its energy infrastructure for the next 50 years. This long-term partnership is designed to support the institut Contact online >>
Georgetown University in Washington, DC has entrusted Georgetown Energy Partners, a joint venture partnership comprising ENGIE North America and Axium Infrastructure with the management of its energy infrastructure for the next 50 years. This long-term partnership is designed to support the institution''s sustainability goals and improve their energy efficiency targets.
Georgetown University is ranked among the top universities in the United States. Founded in 1789 and located in the historic Georgetown district of Washington DC, the Catholic and Jesuit university covers more than 40 hectares and houses about 60 main buildings. It has 19,000 students and 6,200 employees, including 2,200 faculty. Its campus also includes the MedStar Georgetown University Hospital.
On 1 July 2021, Georgetown University and Georgetown Energy Partners entered into a long-term comprehensive energy management agreement to update the university''s approach to utility infrastructure investment and operations – with a focus on sustainability and energy conservation. The partnership will strengthen the university''s utility infrastructure while improving its energy efficiency. One key performance objective includes efficiency gains that will enable the university to reduce energy consumption by at least 35% by 2030.
How? Through the implementation of an energy efficiency program and ENGIE''s operational expertise, improvements to the current campus infrastructure were quickly identified along with future investment plans for the utility network. The partnership also aims to deploy an academic collaboration program based on ENGIE expertise in sustainable energy systems development.
The Georgetown Energy Partners group – which includes the ENGIE and Axium Infrastructure – aims to serve the interests of the wider campus community: it has a goal to enable students, faculty, and campus personnel to take part in energy-related projects. Students who are considering a career in renewable energy and related industries may, for example, work on projects alongside ENGIE experts. The partnership also intends to create opportunities to collaborate in the fields of advanced energy management, on-site renewable energy generation, and green energy policy.
"Universities are really good at educating students, but running behind-the-scenes utilities isn''t our core function. A company like ENGIE can manage our infrastructure better than we can. Energy services is their business; it''s what they do."Lisa Belokur, Associate Vice President of Facilities Operations, Georgetown University
"ENGIE is proud to become Georgetown University''s energy partner to achieve its sustainability goals. Innovative solutions will be developed through our collaborative program with the campus community and will help us to operate, maintain, and improve campus utility services."Franc Lacroix, Executive Vice President in charge of Energy Solutions activities
at Georgetown University by 2030: one of the key goals of the partnership
to manage and modernize campus utility infrastructure
and an American university in three years (Ohio State University, University of Iowa, Howard University and Georgetown University in Washington, D.C.).
HOUSTON, Texas – Today, Georgetown Energy Partners (GEP), an entity owned by ENGIE North America and Axium Infrastructure (Axium), achieved financial close with Georgetown University through a long-term comprehensive energy management partnership. Under the terms of the 50-year agreement, GEP has assumed sole responsibility to operate, maintain, and modernize the University''s utility system including steam, chilled water, power and domestic water for their main campus location and downtown law center facilities.
This long-term agreement will help accelerate and actualize the University''s ambitious sustainability goals that include a 35 percent overall reduction in energy use intensity and to achieve carbon neutral status by 2030 by leveraging innovative energy solutions and modernization of the existing utility infrastructure. For more information on Georgetown Energy Partners please visit https://georgetownenergypartners .
"The ENGIE team is proud to recognize the final transfer of Georgetown University''s utility system to management under the unified Georgetown Energy Partners group this week," said Stefaan Sercu, Managing Director Energy Solutions Americas at ENGIE. "Our partnership with Georgetown builds off of a successful track record of the University''s long-term commitment to sustainability – through measurable infrastructure upgrades, impactful renewable generation goals, and integrated academic leadership that promotes interdisciplinary solutions to the climate crisis. We''re looking forward to shaping new opportunities together that accelerate the campus community''s transition to a carbon-neutral future."
"Axium is thrilled to join the extraordinary community at Georgetown University and to partner once again with ENGIE," said Thierry Vandal, President of Axium Infrastructure US Inc. "We look forward to supporting Georgetown in meeting its campus sustainability goals and carbon neutrality objective," added Mr. Vandal.
ENGIE is a leader in energy services for major universities, cities, and critical infrastructure entities around the world. The 50-year partnership with globally-renowned Georgetown University is the latest example in which institutions are turning to a partnership model to manage and operate energy infrastructure upgrades. Over the last three years, ENGIE North America has implemented successful energy concession partnerships at The Ohio State University and the University of Iowa. Most recently, ENGIE North America announced its new collaboration with Howard University, for a 20-year agreement managing the design, construction, operation and maintenance of a new central utility plant on campus.
Société Générale S.A, acted as Financial Advisor and Lead Arranger for ENGIE. Allen & Overy LLP acted as lead counsel for ENGIE. For Georgetown University, Barclays acted as financial advisor, Jones Day acted as legal advisor and Arup acted as technical advisor.
Axium has a successful track record of investing in critical infrastructure assets on university and corporate campuses throughout the United States. Axium''s commitment to Georgetown University is consistent with the firm''s strategy of delivering expertise and innovation to universities in support of their broader academic mission. This partnership with Georgetown University follows successful collaborations with ENGIE North America at The Ohio State University and the Longwood Medical Area in Boston. Axium has also developed long-term on-campus housing partnerships with several leading Universities in the United States.
About Georgetown University
Established in 1789 by Archbishop John Carroll, Georgetown is the oldest Catholic and Jesuit university in the United States. Located in Washington, DC; Doha, Qatar; and around the world; Georgetown University is a leading academic and research institution, offering a unique educational experience that prepares the next generation of global citizens to lead and make a difference in the world. For more information about Georgetown University, visit Georgetown or connect with Georgetown on Facebook, Twitter, LinkedIn, or Instagram.
About Axium Infrastructure Inc.
About ENGIE North America
HOUSTON, July 1, 2021 /PRNewswire/ --Today, Georgetown Energy Partners (GEP), an entity owned by ENGIE North America and Axium Infrastructure (Axium), achieved financial close with Georgetown University through a long-term comprehensive energy management partnership. Under the terms of the 50-year agreement, GEP has assumed sole responsibility to operate, maintain, and modernize the University''s utility system including steam, chilled water, power and domestic water for their main campus location and downtown law center facilities.
This long-term agreement will help accelerate and actualize the University''s ambitious sustainability goals that include a 35 percent overall reduction in energy use intensity and to achieve carbon neutral status by 2030 by leveraging innovative energy solutions and modernization of the existing utility infrastructure. For more information on Georgetown Energy Partners, please visit https://georgetownenergypartners .
ENGIE is a leader in energy services for major universities, cities, and critical infrastructure entities around the world. The 50-year partnership with globally-renowned Georgetown University is the latest example in which institutions are turning to a partnership model to manage and operate energy infrastructure upgrades. Over the last three years, ENGIE North America has implemented successful energy concession partnerships at The Ohio State University and the University of Iowa. Most recently, ENGIE North America announced its new collaboration with Howard University, for a 20-year agreement managing the design, construction, operation and maintenance of a new central utility plant on campus.
About Georgetown UniversityEstablished in 1789 by Archbishop John Carroll, Georgetown is the oldest Catholic and Jesuit university in the United States. Located in Washington, DC; Doha, Qatar; and around the world; Georgetown University is a leading academic and research institution, offering a unique educational experience that prepares the next generation of global citizens to lead and make a difference in the world. For more information about Georgetown University, visitGeorgetown or connect with Georgetown on Facebook, Twitter, LinkedIn, or Instagram.
Media Contact:ENGIE North America: Sandrine Deparis, [email protected], (202) 855 3705
SOURCE ENGIE North America
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