Energi to Participate in Briefing Hosted by the Energy Savings Performance
PEABODY, Mass. -- April 03, 2013
Energi, a leading developer and underwriter of energy insurance products, has
announced that Senior Vice President Kevin Kaminski will participate in a
briefing focused on implementing ESPCs in the commercial and public building
market. The briefing will be hosted by the congressional Bipartisan Caucus on
Energy Savings Performance Contracts (ESPCs). Kaminski and other experts from
building and energy service companies will examine the challenges and enormous
opportunity of expanding use of these innovative financing tools to increase
energy efficiency for commercial and public buildings.
“ESPCs unlock financing for energy-saving capital improvements by repurposing
cost savings into a payment stream for the upgrades,” said Kevin Kaminski,
Senior Vice President of Alternative Energy Services at Energi. “By helping to
implement energy efficiency and capital improvements with minimal financial
cost, these tools democratize cost savings and enable customers to reach
energy efficiency goals.”
ESPCs are employed by Energy Service Companies (ESCOs), and have typically
been put into use in government buildings at federal, state and local levels.
To-date, ESCOs have made $30 billion of infrastructure improvements using
ESPCs, saving $50 billion in energy costs. Other panelists contributing to the
briefing include: Donald Gilligan, President of the National Association of
Energy Service Companies (NAESCO); Mark Wagner, Vice President of Government
Affairs at Johnson Controls; David Anderson, Executive Vice President of
Business Development at Ameresco.
The bipartisan Energy Savings Performance Caucus was created by
Representatives Cory Gardner (R-CO) and Peter Welch (D-VT) to promote the use
of ESPCs. Gardner, Welch, and the other eight representatives comprising the
committee formed the caucus to expedite the process of applying ESPCs to
government buildings across the country, and to utilize other contracting
tools to promote energy efficiency at the federal, state and local levels.
Based on U.S. Department of Labor data from the construction industry, for
every $10 million spent on ESPC projects, 209 direct and indirect jobs are
created, in addition to significant savings in energy costs.
ENERGY SAVINGS PERFORMANCE CONTRACTS IN ACTION: SUCCESS STORIES FROM AROUND
WHO: Donald Gilligan of the National Association of Energy Service Companies,
Mark Wagner of Johnson Controls, David Anderson of Ameresco and Kevin Kaminski
Panelists will provide attendees with the following:
*Present attendees with a brief overview of ESPCs and their use in the
*Examine case studies of successful projects that have been implemented in
commercial and public buildings, including the Empire State Building, the
City of Miami Beach, the City of Henderson, Nevada and the Virginia
Department of Corrections.
*Discuss new financing and insurance options designed to solve traditional
market barriers, promote job growth and generate significant energy cost
Rayburn House Office Building
45 Independence Avenue SW, Washington D.C.
WHEN: Tuesday, April 9 from 11:00 a.m. – 12:00 p.m.
Energi is a Peabody, Massachusetts-based industrial reinsurance company that
provides specialized insurance and risk management products to targeted market
segments of the North American energy industry. The core programs include fuel
distribution, fuel transport, energy construction, agricultural cooperatives,
renewable energy, utilities and oil & gas exploration. Energi also has
products that deliver protections for alternative energy and energy efficiency
projects. Founded in 2005 by insurance professionals and energy industry
leaders, Energi is licensed in all 50 states. For more information, visit
David Okubo, 415-977-1943
Edward Scott, 1-978-531-1822 x 318
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