ROCKVILLE, Md., July 22 (UPI) -- Energy saving capabilities are being provided to the U.S. Embassy in Nicaragua by Lockheed Martin.
The company said those capabilities will reduce greenhouse emissions by the embassy -- and dependence on foreign energy -- by more than half.
"Lockheed Martin provides comprehensive energy services to utilities, commercial and government customers," said Roger Flanagan, director of Energy Solutions for Lockheed Martin's Information Systems & Global Solutions. "Our mission-focused management approach, international experience and security expertise will give the [U.S.] Nicaraguan Embassy the necessary capabilities to meet its energy and sustainability goals."
Under the contract, Lockheed will install solar photovoltaic generation, lighting upgrades and controls, chiller plant upgrades, building automation system optimization and transformer upgrades.
The investment cost of $15 million by the embassy will result in more than $36 million in energy costs over 25 years, the company said.
Lockheed said the contract received in the form of a task order under the Department of Energy's Energy Savings Performance Contracts vehicle that allows federal agencies to accomplish energy savings projects without up-front capital costs -- money saved through upgrades repay the cost of the projects, which are financed through third-party loan.