Campus Energy Efficiency Fund Capital for Projects at Pennsylvania Colleges and Universities

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Derek Booker
8 years ago
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1 Campus Energy Efficiency Fund Capital for Projects at Pennsylvania Colleges and Universities Keystone Energy Efficiency Alliance Conference, September 24-25, Harrisburg, PA. Joyce Ferris Blue Hill Partners

Energy Efficiency Alliance Conference, September

2 01 Blue Hill Partners 2

3 W H O W E A R E Experienced investors in the energy efficiency and sustainability sector. Shifted from investing in technologies to project and service businesses. Strong team with investment and operating experience in the sector. 3

4 C U R R E N T I N V E S T I N G C A M P U S E N E R G Y E F F I C I E N C Y F U N D Leading over $45 million of funding for projects at colleges and universities in Pennsylvania Pennsylvania Treasury Department is lead investor Green Income Fund with vertical market focus $1 billion investment opportunity in Pennsylvania, $20 billion in Higher Education in the US 4

Pennsylvania Treasury Department is lead investor Green Income Fund with vertical market

5 02 What we have learned 5

6 Huge lack of efficiency in deployment of efficiency. 6

7 T H E E C O S Y S T E M Technologies Service Providers Property Owners 7

8 E C O S Y S T E M - T E C H N O L O G I E S Advanced lighting HVAC efficiency and optimization Monitoring and controls High efficiency motors and fans Software for fault detection and diagnostics, commissioning, monitoring, and benchmarking On-site generation, energy storage, and renewables Sustainability solutions for waste, water, other 8

fault detection and diagnostics, commissioning, monitoring, and benchmarking On-site

engineers, architects, green consultants Equipment Rep Firms controls,

9 E C O S Y S T E M - S E R V I C E S Large integrated technology and service businesses Siemens, Johnson Controls, Honeywell, UTC Consultants/Advisors engineers, architects, green consultants Equipment Rep Firms controls, lighting, specialty equipment Small to medium regional contractors HVAC, lighting, controls 9

10 E C O S Y S T E M P R O P E R T Y O W N E R S Higher Education K-12 Health Care - Nursing homes Commercial - Office - Retail - Hospitality Government - Federal - State - Municipal 10

11 P R O P E R T Y O W N E R S WA N T S O L U T I O N S, N O T E Q U I P M E N T Power Purchase Agreement transitioned the solar industry to selling electricity not solar panels Charging by the minute transformed the telecom industry to selling communication, not cell phones 11

to selling electricity not solar panels Charging by the minute

12 T I M E F O R N E W B U S I N E S S M O D E L S VS We have 2011 technologies deployed using 1960 s business models. 12

13 03 Funding new solutions 13

14 O P P O R T U N I T Y F O R I N N O VAT I V E I N V E S T M E N T A P P R O A C H Lack of businesses with integrated solutions approach Lack of innovative capital for enabling businesses with integrated solutions approach 14

15 N O T Y O U R T Y P I C A L I N V E S T O R A P P R O A C H Capital in search of next generation project partners 15

16 M AT C H I N G P R O P E R T Y O W N E R S W I T H P R O J E C T PA R T N E R S 16

17 I N V E S T I N G I N N E W E N E R G Y E F F I C I E N C Y A N D S U S TA I N A B I L I T Y P R O J E C T S A N D D E V E L O P E R S 17

18 K E Y F I N A N C I A L AT T R I B U T E S F O R N E W B U S I N E S S M O D E L S : Funded solutions property owners do not use internal capital (including debt) 18

19 K E Y F I N A N C I A L AT T R I B U T E S F O R N E W B U S I N E S S M O D E L S : Funded solutions property owners do not use internal capital (including debt) Net positive financial impact solution will be credit and balance sheet neutral 19

20 K E Y F I N A N C I A L AT T R I B U T E S F O R N E W B U S I N E S S M O D E L S : Funded solutions property owners do not use internal capital (including debt) Net positive financial impact solution will be credit and balance sheet neutral TRUE SERVICE OFFERING 20

internal capital (including debt) Net positive financial impact

21 C U R R E N T C E E F P R O J E C T S Project School Estimated Investment Annual Operating Savings after ESA Term Total Net Savings Multi-building prime retrofit project Large University $4,000,000 $700,000 Over 30 year equipment life Prime retrofit project Liberal Arts College $500,000 to $800,000 $100,000 to $160,000 Over 30 year equipment life Supplemental energy efficiency scope for building renovation project Research University $500,000 to $1,000,000 $100,000 to $200,000 Over 30 year equipment life Outdoor lighting retrofit and new lighting Community College $750,000 - $1,000,000 In process Over 25 year equipment life Single building prime retrofit project Student Housing $800,000 to $1,000,000 In process Over 25 year equipment life 21

22 Thank you Contact: Joyce Ferris Managing Partner Blue Hill Partners LLC

Business Models and Best Practices for Energy Efficiency Investments

Business Models and Best Practices for Energy Efficiency Investments Joyce M. Ferris Blue Hill Partners LLC Sean O Neill Transcend Equity Development Zach Axelrod Skyline Innovations Jim Thoma - Green