Georgetown Energy Partners (GEP), an entity owned by ENGIE North America and Axium Infrastructure, has achieved financial close with Georgetown University through a long-term comprehensive energy management partnership.
Under the terms of the 50-year agreement, GEP has assumed sole responsibility to operate, maintain and modernize the university's utility system including steam, chilled water, power and domestic water for their main campus location and downtown law center facilities.
This long-term agreement will help accelerate and actualize the university's ambitious sustainability goals that include a 35 percent overall reduction in energy use intensity and achieving carbon-neutral status by 2030 by leveraging innovative energy solutions and modernization of the existing utility infrastructure.
“Our partnership with Georgetown builds off of a successful track record of the university's long-term commitment to sustainability through measurable infrastructure
