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As hospitals and healthcare systems face mounting financial pressures, many report that they are simply unable to afford capital investments to their energy infrastructure — despite the fact that such investments can dramatically improve financial performance and increase patient safety and patient and provider satisfaction. With available capital increasingly diverted to new technology and other initiatives to meet regulatory mandates, the systems and equipment performing the critical everyday functions of providing power, heating, cooling, hot water and sterilization are generally ignored until a problem arises. By then, it's often too late for inexpensive or easy solutions.
Fortunately, the need for financing for these types of long-deferred capital projects is beginning to command greater attention in the industry, as more hospitals and healthcare systems realize they must reinvest in their facilities to increase — or even maintain — market share in an increasingly competitive arena. And many are relying on Constellation to meet these needs.
Constellation helps you reduce energy costs through an integrated, systematic approach that meets your objectives. Our teams of energy experts identify and recommend comprehensive and creative solutions that best meet the specific energy challenges our customers face. We offer a wide-reaching array of energy projects covering multiple technologies and scenarios—many of which are paid from the guaranteed savings that they generate.
Energy Audits: A thorough examination of your energy usage from point of procurement to final end-use is a crucial first step toward identifying energy conservation opportunities, reducing energy costs, and upgrading aging energy infrastructure.
Energy Performance Contracting (EPC): Constellation has a long and successful history of EPC projects, which preserve limited budget dollars and pay for needed capital energy improvements from savings produced by the project. Performance contracting can cover all project costs including financing, operations, maintenance, and measurement and verification.
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Central Energy Plant Outsourcing: Customers across North America rely on our expertise to reduce risk, realize savings, free capital for reinvestment and help them regain control of expenditures and operations. Outsourcing provides you with the means to improve financial performance while increasing safety and satisfaction.
Renewable Energy Resources: Constellation has significant experience with multiple renewable and sustainable energy solutions and a proven ability to make projects work financially by taking advantage of existing state and federal tax credits, rebates, and Renewable Energy Credits that are available for trading on the open market. Our renewable expertise includes geothermal heat pumps, biomass fuel, photovoltaic, solar heating, and passive and active daylight systems.
Our skill at matching energy management requirements with the right financial solutions has resulted in some noteworthy successes.
Thomas Jefferson University Hospital and Thomas Jefferson University needed to improve performance of their energy systems and reduce energy costs. Constellation Energy's Projects and Services cure - new and improved lighting, HVAC, metering and other equipment - resulted in more than $1.7 million in annual energy costs savings, reduced energy usage by nearly 19 kWh, saved more than 46 million lbs of steam per year, and increased patient, staff and student safely and satisfaction - all without disruptions in hospital or university operations.
Randy Haines, Energy Manager, Thomas Jefferson University.
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