Veolia Energy Partners With New Jersey's Clean Energy Program

Trenton, NJ - Veolia Energy North America, a leading operator and developer of sustainable energy systems, announced that its subsidiary and consulting division, SourceOne, has been selected by New Jersey's Clean Energy Program (NJCEP) as an Approved Partner for the state's Pay for Performance initiative. NJCEP is a statewide program administered by the New Jersey Board of Public Utilities (NJBPU), and the Pay for Performance program is designed to provide incentives to large commercial and industrial customers who comprehensively upgrade their facilities through investments in energy efficiency.

"The Pay for Performance program offers up to $3M in incentives to New Jersey customers whose facilities have an average annual peak electric demand of over 200 kW, which is a powerful tool in helping improve the state's overall energy efficiency picture," said Board of Public Utilities' Commissioner Joseph L. Fiordaliso. "By accepting Veolia Energy's SourceOne group into our Pay for Performance network, we are recognizing this company's dedication to sustainable and energy efficient technologies, and its experience in incorporating these technologies into existing facilities."

The Pay for Performance Program takes a comprehensive, whole-building approach to energy efficiency, and is comprised of an Existing Buildings component and a New Construction component. As an Approved Partner in the Existing Buildings component, SourceOne will be part of a network that will provide technical services under direct contract to Pay for Performance participants. Acting as an energy expert for participants, SourceOne will develop an Energy Reduction Plan (ERP) for each project with a whole-building technical analysis via a traditional energy audit, a financial plan for funding any recommended energy efficient measures, and a construction schedule for installation.

"We are very pleased to have been selected as a Pay for Performance Program partner to help advance energy efficiency within existing commercial and industrial facilities throughout New Jersey," said Vincent Martin, President of SourceOne. "We share the New Jersey's Clean Energy Program commitment to energy efficiency, and we are eager to help participants of this innovative program both assess energy usage and develop a plan for the future. The development of a comprehensive energy reduction plan that will help reduce a participant's energy consumption by 15 percent or more will be beneficial to both the bottom line and the environment."

SOURCE: Veolia Energy North America