In this course, students will be introduced to the fundamentals of Energy Saving Performance Contracts (ESPC), an alternative financing vehicle that allows Federal agencies to complete energy-savings projects without up-front capital costs and special Congressional appropriations by partnering with an energy service company (ESCO). Learners will be introduced to ESPC basics, including key concepts, timelines, authorizing legislation, and stakeholder roles and responsibilities, as well of the five phases of the ESPC development process:
- Phase 1: Acquisition Planning
- Phase 2: ESCO Selection and Preliminary Assessment
- Phase 3: Pre-Award Project Development
- Phase 4: Project Implementation
- Phase 5: Post-Acceptance Performance Period
Learners will become familiar with best practices for developing and reviewing contracting documents associated with each phase and have an opportunity to review documents within the course.
Kurmit Rockwell, PE, CEM, LEED AP, Federal Energy Management Program Read Bio
Kurmit Rockwell serves as ESPC program manager where he oversees services, tools, and resources needed to assist agencies with implementing successful ESPC projects. Over a career spanning 25 years, Kurmit's work included engineering and all aspects of ESPC project implementation for federal, state, and local governments. His work in the public and private sector energy services industry has focused on evaluation and implementation of energy and water cost saving technologies, smart building energy optimization services, renewable energy systems, and demand side management. He holds a Bachelor's degree in Chemical Engineering from Polytechnic Institute of New York University and a Master's degree in Building Systems Engineering from the University of Colorado. He is a registered professional engineer in multiple states.
Upon completing this course, you will understand:
- Basics of an ESPC, including definitions, scope, authorizing legislation, financing arrangements, project team roles, and key contracting documents;
- The importance of measurements and verification (M&V) to a successful project, including M&V concepts, how guarantees are met, and the definition of savings;
- The Five Phases of ESPC development — from planning to performance period and close-out; and
- The role of the Risk, Responsibility, and Performance Matrix in summarizing and assigning risks and/or responsibilities to the ESCO, agency, or both.