Energy costs represent a significant portion of IUP’s operating budget. To minimize the budgetary impact of these costs, various cost containment strategies must be utilized to manage, control, and reduce the overall cost of energy.
Near the end of 2009, a major energy-saving and conservation initiative was completed at IUP. Partnering with IUP in this initiative was Siemens Energy Services Corporation, the general contractor for the project. The scope of the project included the comprehensive renovation and modernization of 30 academic and administrative buildings, including facility improvements, and the introduction of energy-saving technologies and automated control systems.
While Siemens projected a reduction in energy costs of more that $1 million annually, the actual savings achieved in 2010 exceeded this projection by $185,165—for a total savings approximately 12 percent above the original projection.
The future annual increase in energy savings based upon efficiency improvements in automated control systems has also been projected by Siemens, and these projections are included in the Siemens Energy Performance Overview report.