1 Feb

Metrus Energy Announces $4.1 million Efficiency Services Agreement with Bristol Hospital

Building Sept 2017

Metrus Energy, a market leader in energy and water efficiency financing, has announced an Efficiency Services Agreement (ESA) project with Bristol Hospital in Bristol, Connecticut, the company’s first deal in Connecticut.

Construction for the $4.1 million efficiency-as a-service project will begin immediately at the hospital’s main campus and at its Ingraham Manor skilled nursing facility. The transaction includes LED lighting retrofits, building envelope upgrades, an energy management system, power factor correction, steam trap replacements, water conservation and air handling unit replacements. The project will save 1.6 million kWh of electricity, 125,000 CCF of natural gas and 3.7 kgal of water per year, which will reduce the hospital’s energy and water use by more than 20%. This translates into approximately 15,840 tons of CO2—the equivalent of taking 3,084 cars off the road over the life of the project.

We are excited to start 2018 with a new health care ESA project that incorporates numerous efficiency measures for two key Bristol Hospital locations,” said Bob Hinkle, President and CEO, Metrus Energy. “With this project, Bristol Hospital continues to be a model steward for its community by tapping into energy and water savings to upgrade its facilities,” said Bob Hinkle, President and CEO, Metrus Energy

“We are committed to enhancing the health and well-being of our community and the patients we serve. By undertaking this efficiency upgrade project now, we are ensuring operational resiliency and reliability and continued patient comfort,” said Ric Braam, Chief Financial Officer, Bristol Hospital. “Being able to pay for critical new equipment and facility upgrades from energy and water savings makes good financial sense and keeps us focused on providing outstanding patient care.”

Trane, a leading global provider of indoor comfort systems and services and a brand of Ingersoll Rand, will be responsible for the installation, operation and management of the energy and water efficiency measures. “Bristol Hospital operates in a 24/7/365 environment where energy and water are always being used and aging infrastructure is costly and requires significant maintenance,” said Joshua Tucker, vice president and general manager for Trane in New York, Connecticut and Vermont. “Implementing comprehensive upgrades for such a critical provider in the Bristol community will do more than just save Bristol Hospital energy and water: it will reduce operational costs, simplify facility maintenance, and enhance indoor air quality as well as patient comfort.”

New Resource Bank is Metrus’ lending partner on this transaction. The overall project will benefit from an incentive from Eversource.  “We are committed to lending to socially and environmentally responsible businesses and organizations and the Bristol project aligns with our energy efficiency investments,” said Bill Peterson, Executive Vice President at New Resource Bank. “As a mission-oriented bank, we see energy and water efficiency as a vital component of our sustainable lending philosophy and a key sustainable business practice for our customers.”

About Bristol Hospital

Founded in 1921, Bristol Hospital is the leading health provider for people who live and work in the Greater Bristol area. Proud of its achievements in service excellence, Bristol Hospital has earned national recognition for its commitment to providing outstanding patient care. Bristol Hospital has 154 licensed beds and offers a complete range of patient services including a first-rate emergency center that cares for more than 40,000 patients each year.  Bristol Hospital achieved ANCC Magnet Recognition® in July 2015 from the American Nurses Credentialing Center and is the only Magnet Recognized hospital currently in Hartford County. For more information on Bristol Hospital, please visit www.bristolhospital.org

About Ingersoll Rand and Trane

Ingersoll Rand (NYSE:IR) advances the quality of life by creating comfortable, sustainable and efficient environments. Our people and our family of brands — including Club CarIngersoll Rand ProductsThermo King and Trane—work together to enhance the quality and comfort of air in homes and buildings; transport and protect food and perishables; and increase industrial productivity and efficiency. We are a $13 billion global business committed to a world of sustainable progress and enduring results. Trane solutions optimize indoor environments with a broad portfolio of energy efficient heating, ventilating and air conditioning systems, building and contracting services, parts support and advanced control. For more information, visit www.ingersollrand.com or www.trane.com.

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