Armstrong Announces Savings Guarantee on its Chiller Plant Optimization Program
February 18, 2015 CCE
TORONTO, February 16, 2015 – In what is thought to be an industry first, Armstrong Fluid Technology has announced a Savings Guarantee Program for its Chiller Plant Optimization Systems (IPC 11550 and Opti-VisorTM).
The essence of the offer is that Armstrong will guarantee the savings on its plant optimization programs for a period of one year following the commissioning. Should there be a shortfall in savings in the first year, Armstrong will reimburse the customer for 3 times the difference.
“We are so confident that our chiller plant optimization systems will help our customers save on energy costs that we are willing to provide a written guarantee,” said Mark Gallagher, Program Manager, Building Services. “Some of our Chiller Plant optimization installations are saving building managers as much as 50% on their chilled water costs”.
The savings guarantee is based on an initial Energy Analysis and then an Energy Baseline Study that determines the current operating results for the building. Armstrong then prepares a proposal including the Savings Guarantee and baseline conditions. If at the end of the first year of operation the guaranteed savings are not realized, Armstrong will issue the customer a check for 3 times the difference between the actual and guaranteed savings levels.
Commenting on the program, Gallagher explains that another important aspect of the program is that Armstrong does not keep any of the savings, should the savings be greater than estimated. “All the energy cost savings are retained by the customers. So, the better the systems perform, the more savings they realize.”
About Armstrong Fluid Technology
With more than 1000 employees worldwide, operating seven manufacturing facilities on three continents, Armstrong Fluid Technology is known around the world as a leader and innovator in design, engineering and manufacturing of integrated solutions within the building oriented fluid-flow equipment industry. Armstrong products are internationally recognized for design innovation, quality, long service life, and superior operating economy. For more information about Armstrong Fluid Technology visit www.armstrongfluidtechnology.com.