Siemens Report AP2

SPENCER, MA - June 1st, 2023 - Siemens is pleased to present the Year 2 Performance Assurance report which details the collective performance of the (8) facility improvement measures (FIMs) that Siemens installed in your facilities under the Performance Contract Agreement for this annual period. 

This report covers the performance period from March 1st, 2022, to February 28th, 2023. The Performance Contract Agreement guaranteed $190,285 in Savings for this annual period. The Annual Realized Savings for this annual period amounted to $203,199, which exceeds the guarantee by $12,914

Cumulatively, this Performance Contract Agreement has achieved $668,258 in Realized Savings, which exceeds the guarantee by $293,230.

Overall, the reconciled savings from the contracted Measurement & Verification methodology shows the project is on track to be successful. The reconciled savings include both one-time pre-retrofit and post-retrofit measurements, on-going continuous measurements, and stipulated energy cost savings. 

To learn more about this important energy management program and the savings realized by the Spencer-East Brookfield Regional School District with Siemens Smart Infrastructure, check out our 2023 Annual Performance Assurance Report.