Ohio State Energy Partners is providing The Ohio State University with a sustainable energy future. Find out how.
Ohio State Energy Partners is helping The Ohio State University reach its energy conservation goals while strengthening academic resources and programming for students and faculty.
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Articles and insights from the media and Ohio State Energy Partners.
ENGIE and Axium funds go to engineering, sustainability, cartoon library
The partners in charge of The Ohio State University’s Comprehensive Energy Management Projectannounced their first academic investments in the university today.
ENGIE North America and Axium Infrastructure announced $200,000 in academic support to programs aiding women in engineering, student sustainability programs and The Billy Ireland Cartoon Library and Museum.
Ohio State has entered a new era of sustainability and energy management
The university’s Comprehensive Energy Management Project officially launched on July 6. Approved by the Board of Trustees in April, it will improve Ohio State’s energy efficiency while advancing the next generation of sustainable energy solutions. In the first 10 years, energy efficiency on the Columbus campus will improve by at least 25 percent.
On July 6, the university transferred management of the central systems that heat, cool and power the Columbus campus to ENGIE Services, which will operate these systems on behalf of Ohio State Energy Partners (OSEP).
Unprecedented program to improve energy efficiency, invest in teaching and research
COLUMBUS, Ohio — At the April 7 Board of Trustees meeting, The Ohio State University will consider a public-private partnership to become an international leader in sustainability and provide new resources to advance teaching, learning and research.
The Comprehensive Energy Management Project promises to modernize the university’s 485-building Columbus campus, create substantial academic benefits and establish a major center for energy research and technology commercialization.
The Comprehensive Energy Management Project has been the talk of campus since the university announced 50-year public-private partnership in April.
ENGIE North America and Axium Infrastructure, both leaders in energy services and sustainability, created Ohio State Energy Partners (OSEP) to serve Ohio State’s energy needs. ENGIE Services will operate the university’s power, heating and cooling systems. It also aims to install energy conservation measures with the goal of reducing the campus’ total energy consumption per square foot by 25 percent in 10 years within a $250 million budget.
Ohio State has proposed a plan to receive its largest investment in the university’s history by selling its energy to the highest bidder.
In accepting the unprecedented proposal, OSU will move forward in a public-private partnership with ENGIE, a French global energy producer and operator, who would control the energy used on campus for the next 50 years.
Ohio State University’s endowment will jump 25 percent in size with a $1 billion payment from two companies that will lease the school’s energy assets for 50 years.
The school’s board of trustees on Friday approved a public-private partnership with French company Engie SA and Montreal-based Axium Infrastructure Inc. to run and manage its energy and electricity systems in exchange for annual payments expected to exceed $54 million.
The $1.1 billion energy deal approved by an Ohio State University Board of Trustees committee on Thursday and up for a vote before the whole board today is big, unusual and complicated.
The parties are OSU and Ohio State Energy Partners (OSEP), made up of the French energy company ENGIE and a Canadian investment firm called Axium Infrastructure.
ENGIE (50%) and Axium Infrastructure US (50%) have won a 50-year concession valued at $1.165 billion USD to address The Ohio State University’s energy sustainability goals for its 485-building campus in Columbus, Ohio, one of the largest university campuses in the United States.
Following detailed reviews by groups composed of students, faculty, and staff who identified the ENGIE-Axium proposal as the top bid, the university’s Board of Trustees approved the contract award on April 7, culminating a more than two-year-long process in which 40 interested parties initially participated.
Houston and New York, ENGIE North America Inc. and Axium Infrastructure US are pleased to announce the financial close of a transaction to operate and maintain The Ohio State University’s utility system at the 485-building campus in Columbus, Ohio, one of the largest university campuses in the United States.
The consortium had announced on April 7, 2017 that the university’s Board of Trustees awarded the Axium-ENGIE consortium a 50-year concession to operate and optimize the university’s district energy system, including implementation of a comprehensive energy conservation program, with the objective of improving the university’s energy efficiency by at least 25% within 10 years.
The companies managing Ohio State University’s energy assets for the next five decades will spend $6.8 million this year on major projects.
Ohio State Energy Partners – the LLC created by French company Engie and partner Axium Infrastructure – plans to spend the money on four projects, pending OSU board of trustees approval this week.
Ohio State University’s long-term investment pool surpassed $5 billion for the first time after the infusion of $819 million from privatizing campus energy assets.
The pool hit $5.15 billion as of Oct. 2, John Lane, vice president and chief investment officer, told trustees Thursday. It includes the endowment and invested operating cash, and stood at $4.25 billion at the end of the fiscal year June 30.
Ohio State University is about to begin its first round of major capital utility improvements since the university entered into a $1.1 billion energy privatization deal last year.
Ohio State Energy Partners has six utility projects ready to go, pending the university’s board of trustees’ approval later this week.