SUCCESSFUL PLACEMENT ALERT - ARGONNE

01-May-2014

UNITED FINANCIAL OF ILLINOIS, INC. IS PLEASED TO REPORT THE SUCCESSFUL $22.6MM FINANCING OF ENERGY CONSERVATION MEASURES TO BE IMPLEMENTED AT THE ARGONNE NATIONAL LABORATORY IN ARGONNE, ILLINOIS.

Argonne National Laboratory is a science and engineering research center where world-class industry, academia, and government researchers work towards solutions for energy, environment, technology, and national security challenges. Research is conducted by approximately 1,250 scientists and engineers, with a total employee count of around 3,350. The 1,500 acre campus, 25 miles outside Chicago Illinois, is principally comprised of six national scientific user facilities, with numerous ancillary program office spaces. 


Utilizing the Energy Savings Performance Contract (ESPC) contracting vehicle, the primary project deliverable is the installation of a 6.3 MW Combined Heat and Power (CHP) energy conservation measure that will serve as the main source of steam for the campus. The upgraded cogeneration unit is expected to reduce total CO2 emissions by at least 33,000 tons over the term of the contract, resulting in a reduction of the facility’s carbon footprint by approximately 13 percent from a 2008 baseline. 

Project Highlights at a Glance 
  • Over $22.6 million in mission-critical energy efficiency and infrastructure improvements resulting in the generation of 6.3 MW of reliable power.
  • $3.0 million in guaranteed annual energy and operational savings.
  • A self-funding project with no upfront contribution required from Argonne National Laboratory.
  • A 13 percent reduction in CO2 emissions 
United Financial of Illinois, Inc. is proud to have arranged the private placement of energy conservation measures at an installation as prestigious and important as Argonne National Laboratory. All inquiries relating to this placement should be sent to info@unitedfinancial.com


********


United Financial of Illinois, Inc. (“UFI”) is a privately held financial services company dedicated to providing competitive, innovative, and individualized secured-equipment financing services. UFI works closely with its customers to understand and serve their financial needs, and design individual financial programs tailored specifically to meet their requirements.

Comment

No Very




Captcha Image