ENGIE and Axium Reach Financial Close of the 50-year Comprehensive Energy Management Contract with The Ohio State University

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 concession also includes the construction of a new Energy Advancement and Innovation Center for energy research and commercialization. The Center will create a living laboratory where faculty, students, alumni, entrepreneurs, industry experts, and ENGIE researchers can collaborate on next-generation technologies and services in areas such as smart energy systems, renewable energy, and green mobility.

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