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05 May 10. Balfour Beatty Energy Solutions, LLC (Balfour Beatty Energy), a subsidiary of Balfour Beatty Capital Group, Inc., will work with Lockheed Martin to pursue projects under the U.S. Department of Energy (DOE) Energy Savings Performance Contracts (ESPC) Program.
Lockheed Martin is one of 16 companies approved by DOE to compete to help the Federal government reduce its energy costs and environmental impact through increased energy efficiency, water conservation, additional use of renewable energy, and improved utility management decisions at Federal sites. Under an ESPC, Lockheed Martin would conduct a comprehensive energy audit and identify improvements that will save energy at a facility, design and construct a project that meets the agency’s needs, and arrange financing to pay for it. Projects under this program are required to generate savings sufficient to cover annual financing cost and generate positive annual cash flow to the government after financing obligations are retired. Through an agreement with Balfour Beatty Energy, Lockheed Martin seeks to further enhance the range of services and solutions that it currently offers the government in the areas of construction expertise, natural resource education programs, occupant behavior change, renewable energy development, and retro-commissioning. (Source: Yahoo!)