World News – The U.S. Navy is implementing a project on energy sustainability at the cost of $58 million for the naval shipyard Portsmouth
The US Navy has announced it will implement a $58 million energy resiliency project at the Portsmouth Naval Shipyard (PNSY) in Kittery, Maine. This energy savings performance contract (ESPC) features on-site generation, battery storage, and microgrid controls to address the Navy’s priority of maximizing energy security at the Shipyard while reducing energy costs. Because ESPCs leverage the guaranteed savings the projects generate to secure third-party financing, the Navy will not have to contribute up-front funding during the project’s implementation phase.
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