Energesco Solutions Completes Additional Energy Conservation Measures For FCP In St. Charles, Maryland

ALEXANDRIA, Va., Feb. 22, 2018 /PRNewswire/ -- Energesco Solutions LLC, a leading provider of energy and water conservation measures to the commercial and multifamily real estate industries in the Mid-Atlantic and Southeastern regions, announces the recent completion of five exterior LED light upgrade projects on behalf of FCP for their apartment portfolio in St. Charles, MD. These exterior LED light upgrades are in addition to apartment level LED lighting and water conservation measures implemented by Energesco on behalf of FCP during 2017 at over 2,100 multifamily units in St. Charles, including the installation of approximately 29,000 LED lamps, 2,200 high efficiency showerheads and 3,700 low flow aerators. 

The five exterior LED light upgrades completed in 2017 were installed at Gleneagles Apartments, Huntington Apartments, Sheffield Greens Apartments, Village Lake Apartments and Wakefield Terrace Apartments and are projected to reduce FCP's annual electricity expense by over $25,000. 

The 2017 measures enhance the ongoing value of earlier measures Energesco implemented at FCP's St. Charles apartment portfolio. Beginning in 2013, Energesco completed exterior LED light upgrades at nine additional FCP apartment properties in St. Charles that have resulted in annual energy savings of over $95,000.  Energesco also successfully secured over $400,000 in utility rebates for FCP in connection with these projects. During this same time, Energesco installed apartment level high efficiency lighting and water conservation measures at over 2,000 units in St. Charles that have resulted in annual energy and water savings of over $200,000 to FCP's residents.

"We are pleased to have continued to deliver high-caliber results to FCP's multifamily portfolio in St. Charles, MD. The work completed in 2017 is a capstone to the FCP/Energesco four-year energy efficiency and water conservation collaboration in St. Charles," said William Bennett, Energesco's CEO. 

Chris LoSapio of FCP noted, "The achieved results enhance asset value for FCP and demonstrate our ongoing commitment to our residents and environmental stewardship. We look forward to our continued partnership with Energesco."

About Energesco Solutions LLC

Energesco Solutions LLC (Energesco) is an independent provider of comprehensive energy efficiency and water conservation measures, and distributed power generation systems, including combined heat and power (CHP) and renewable power technologies. Energesco's services include designing and implementing energy and water conservation measures and developing, constructing and operating distributed power generating assets. Energesco assists commercial and institutional clients with energy efficiency measures and renewable power solutions, including developers, investment companies, REITS, retailers, restaurants, hospitals and private schools. Energesco has the technical expertise and capability to manage projects of all sizes from start to finish. For more information on Energesco, please visit http://www.energescosolutions.com.

About FCP

FCP(SM) is a privately held real estate investment company that has invested in or financed more than $6 billion in assets since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets. The firm makes equity and mezzanine investments in income producing and development properties. Based in Chevy Chase, MD, FCP invests both its commingled, discretionary funds and separate accounts targeted at major real estate markets in the United States. For further information on FCP, please visit www.fcpdc.com.

SOURCE Energesco Solutions LLC