ABM Creates $3.1 Million Projected Savings for City of Fredericksburg Public Schools to Support Community Energy Resolution

ABM Industries Incorporated

NEW YORK, July 14, 2022 (GLOBE NEWSWIRE) — ABM (NYSE:ABM), a leading facility solutions provider, announced the launch of an energy performance contracting program for the City of Fredericksburg Public Schools (FCPS), located in Fredericksburg, Virginia. ABM’s custom solution generates $3.1 million in energy and operating cost savings over a fifteen-year period, enabling FCPS management to equitably retrofit facilities across the district and to improve indoor air quality and lighting for students and teachers, while supporting the City of Fredericksburg’s resolution to power 100% of municipal operations with renewable energy by 2035.

“As the largest consumer of electricity, diesel fuel and natural gas in the city, reducing the school district’s energy consumption has a significant impact on community decarbonization goals,” said Mark. Hawkinson, president of ABM Technical Solutions. “Our project creates these savings while helping Fredericksburg protect air quality and provide engaging learning environments for students throughout the district.”

In addition to energy savings and operating cost reductions through improved lighting, HVAC, and water conservation, the project also helped FCPS obtain a grant through from Clean School Bus Program for the purchase of 10 electric school buses to further support the city’s sustainability goals.

ATM Energy performance contracting program allows a school system to invest in upgrading essential facilities without drawing new capital from the community. The program is designed to reduce costs from a district’s operating budget, redirecting savings to fund critical facility needs and educational initiatives. ABM works with more than 500 K-12 school systems, colleges, and universities across the United States This video describes how ABM offers a way to encourage investment in educational institutions without upfront costs or tax increases.

Projections of the project’s annual positive environmental impact note that energy savings would eliminate 2,031 metric tons of carbon dioxide (CO2), the equivalent of removing 442 cars or conserving 14 acres of forest each year.

“We show our students what leadership can accomplish for the well-being of our community,” said FCPS Deputy Superintendent Dr. Matthew Eberhardt. “This project ensures that our school infrastructure continues to provide healthy and engaging environments for teachers and students while delivering a big win for our community’s vital renewable energy goals.”

FCPS serves approximately 3,545 students in Fredericksburg, with two elementary schools, middle school, high school, and pre-kindergarten facilities.

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About ATM
ABM (NYSE:ABM) is one of the world’s largest providers of integrated facility services. Driving a cleaner, healthier and more sustainable world, ABM provides essential services that improve the spaces and places that matter most. From curb to roof, ABM offers a full range of installation services that include janitorial, engineering, parking, electrical and lighting, energy solutions, HVAC and mechanical, landscaping and turf, and mission-critical solutions. ABM provides these custom installation solutions to properties in a wide range of industries – from commercial office buildings to schools, airports, hospitals, data centers, manufacturing plants and distribution centers, entertainment venues, and more. Founded in 1909, ABM today has annualized revenue of over $7 billion and more than 100,000 team members in more than 350 offices in the US, UK and other countries . For more information, visit www.abm.com.

CONTACT

Media:
Michael Valentino
ABM External Communications and Media Relations
[email protected]

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