Latest news with #EnergyPerformanceContracts
Yahoo
10-06-2025
- Business
- Yahoo
Veregy Awarded Spot on U.S. Army Corps of Engineers ESPC MATOC, Expanding Federal Capabilities
Phoenix, Arizona, June 10, 2025 (GLOBE NEWSWIRE) -- Veregy has secured a position on the U.S. Army Energy Performance Contracts (ESPC), Multiple Award Task Order Contract (MATOC), an indefinite delivery/indefinite quantity (IDIQ) vehicle issued by the U.S. Army Corps of Engineers (USACE) Engineering and Support Center in Huntsville, Alabama. The contract includes a base ordering period from June 2025 to June 2030, with an option period extending through June 2035, and carries a program ceiling of $3 billion. With this award, Veregy stands ready to compete for mission-critical infrastructure projects across the Army. Leveraging our proven track record in federal energy and infrastructure programs, including key initiatives with National Oceanic and Atmospheric Administration (NOAA), grid independence with the Arizona Department of Emergency and Military Affairs (DEMA), and the U.S. Geological Survey's Earth Resources Observation and Science (EROS) Center Veregy is prepared to deliver innovative, cost-effective solutions that align with federal objectives. This contract aligns with President Trump's energy policy, emphasizing the 'Unleashing American Energy' initiative. It prioritizes reliable baseload power, fast-tracks energy infrastructure projects, and bolsters national and defense energy security by expediting permitting through the Corps under the national energy emergency declaration. 'We are honored by this award and excited to leverage our federal and energy expertise to support the U.S. Army's critical missions,' said Tom Menard, Veregy Federal Account Manager. 'This contract positions us to deliver resilient, mission-enabling infrastructure in alignment with national energy and defense priorities.' Veregy looks forward to collaborating closely with the Army Corps and Army commands, delivering repeatable, reliable, and scalable fence-to-fence solutions that maximize existing investments. Our goal is to help the Army achieve energy resilience and security, support mission readiness, and expand our federal service footprint well into 2035. VeregyVeregy is an award-winning, NAESCO-accredited energy-services company that focuses on accelerating and simplifying the energy transition. We provide turnkey engineering and construction services designed to reduce our clients' energy and operating costs by implementing energy efficiency and infrastructure upgrades, smart building technology, electric vehicle (EV) infrastructure, clean energy generation, and sustainability initiatives. CONTACT: Vincent Esparza Veregy 6024528746 vesparza@
Maroc
02-06-2025
- Business
- Maroc
INEE Certified as Morocco's First Energy Services Company
Innovative Energy & Efficiency (INEE), a subsidiary of the CDG Group, has become the first company to obtain official accreditation as an Energy Services Company (ESCO). This certification was granted by the Ministry of Energy Transition and Sustainable Development, within the framework of Decree No. 2-24-153, which implements Law No. 47-09 on energy efficiency, according to a press release from INEE. Specializing in energy efficiency solutions, renewable energy production, and decarbonization, INEE is now positioned as a key player for contracting energy efficiency projects through Energy Performance Contracts, based on a structured partnership model. The company deploys high value-added technical solutions and commits to delivering actual energy performance, enabling stakeholders to secure their efficiency objectives while benefiting from integrated, measurable, and long-term support. Through its integrated approach, INEE contributes to the structuring of a national energy efficiency ecosystem, supporting the scaling up of sustainable projects, says the same source. In doing so, it fully aligns with the Kingdom's ambition to strengthen its energy sovereignty, accelerate its decarbonization, and consolidate the resilience of its economy in the face of climate challenges. As the first ESCO certified under the new national legal framework, INEE affirms its role as a trusted partner to assist public and private stakeholders in their decarbonization journey. This also confirms the CDG Group's structured and long-term commitment to the energy transition and territorial development. The company intervenes across the entire value chain—from energy audits to real-time operation and monitoring—by integrating financing, engineering, and project structuring. It also supports its partners in change management and in obtaining energy efficiency certifications and labels. It operates in strategic sectors such as Smart City, industry, tertiary (services), logistics, agriculture, and in the implementation of the Exemplary Administration Pact. (MAP: 02 June 2025)
Morocco World
02-06-2025
- Business
- Morocco World
INEE Becomes Morocco's First Accredited Energy Services Company
Doha – Innovative Energy & Efficiency (INEE), a subsidiary of the CDG Group, has become the first company to benefit from official accreditation as an Energy Services Company (ESCO) in Morocco. The Ministry of Energy Transition and Sustainable Development issued this authorization on May 20, as part of Decree No. 2-24-153, implementing Law No. 47-09 on energy efficiency. The ministry stated this development represents an important step in operationalizing the regulatory framework for energy efficiency, building on their ongoing efforts. INEE is the first ESCO approved under the new national legal framework. The company specializes in energy efficiency solutions, renewable energy production, and decarbonization. According to company information, INEE operates across the entire value chain, from energy audits to real-time monitoring and operation. Their services integrate financing, engineering, and project assembly for clients in both public and private sectors. 'This recognition allows INEE to contract energy efficiency projects through Energy Performance Contracts based on a structuring partnership model,' the company stated. These contracts connect ESCOs to their clients through measurable objectives, with payment directly linked to actual energy savings achieved. The ESCO business model is designed to reduce financial risk for clients while helping to cut energy consumption. According to INEE, they deploy technical solutions with a commitment to achieving energy performance targets. The company reports operating in sectors including Smart City development, industry, tertiary services, logistics, and agriculture. It also works on implementing the Administration's Exemplarity Pact. Energy efficiency is emerging as a driver of job creation in the sector. The new regulatory framework aims to develop a national ecosystem of specialized companies while promoting skills training. INEE states that through its approach, it contributes to structuring a national energy efficiency ecosystem. This work supports Morocco's efforts to strengthen energy sovereignty, accelerate decarbonization, and build economic resilience against climate challenges. The ministry has already authorized 25 companies responsible for mandatory energy audits. It has expressed commitment to supporting companies wishing to join this ecosystem and contribute to building a more sustainable economy. As a wholly-owned subsidiary of CDG Developpement, INEE's new status reflects the CDG Group's involvement in energy transition and territorial development in Morocco. Tags: Energy Services CompanyEnergy transitionESCO
