Real Estate News

Nexant (www.nexant.com), a global provider of intelligent grid software and clean energy solutions, has been chosen by the Massachusetts Division of Capital Asset Management (DCAM) to monetize renewable energy credits (RECs) and alternative energy credits (AECs) from combined heat and power (CHP) installations located in Massachusetts. All governmental agencies and authorities of the Commonwealth of Massachusetts are eligible to participate under the statewide Nexant/DCAM contract.

“DCAM is pleased to play a role in providing state, county and municipal facilities in Massachusetts the opportunity to reap the additional benefits from their clean energy programs,” stated DCAM Commissioner David B. Perini. “The marketing of these energy credits will provide critical resources to public agencies and help to extend the reach of renewables and alternative energy initiatives throughout the Commonwealth.”

Supplementing the recently approved Green Communities Act, Massachusetts established an Alternative Portfolio Standard (APS) to promote lower greenhouse gas (GHG) emissions through energy efficiency technologies, including CHP. The University of Massachusetts at Amherst (UMass Amherst) is the first public entity to have an approved facility for creating AECs from CHP under the Massachusetts APS program.

“With Nexant’s help, the university was able to immediately qualify our CHP with the Massachusetts Department of Energy Resources (DOER) for these valuable credits, which will provide resources for additional projects to further reduce our carbon emissions,” said Ray Jackson, Assistant Director for Utilities at UMASS Amherst. Philip Giudice, Commissioner of Massachusetts DOER, agreed: “Energy efficiency is the most cost-effective, available, and clean of all energy resources and we hope all state agencies and authorities with CHP systems follow UMass Amherst’s lead to qualify for these credits.”

Nexant, the largest independent marketer of renewable energy and energy efficiency, specializes in helping businesses and institutions measure and verify, create, and sell credits from renewable and energy efficiency projects, including cogeneration. Nexant’s Clean Energy Markets group pioneered these energy efficiency markets in Connecticut, Pennsylvania, and now Massachusetts by helping organizations in these states create over 1.25 billion kWhs of energy efficiency credits—equivalent to a reduction of over one half million metric tons of GHG emissions.

About DCAM

The Division of Capital Asset Management (DCAM) is the agency responsible for major public building construction and real estate services for the Commonwealth of Massachusetts. DCAM manages hundreds of millions annually in capital construction projects and more than 500 active leases comprising 7 million square feet of privately-owned lease space housing state offices. DCAM is also responsible for assisting state agencies in maintaining state facilities using comprehensive and cost-effective maintenance and management strategies, including installation of energy efficient equipment. All Massachusetts state agencies and authorities (including MSCBA, MassPort, MBTA, MSBA, and UMBA) as well as counties and municipalities are eligible to participate under the DCAM/Nexant agreement.

About Nexant

Nexant, Inc. is a premier provider of energy software and services to Fortune 500 companies, utilities, transmission and distribution system operators, chemical and petroleum majors, financial institutions, government agencies, and development banks. Headquartered in San Francisco, Nexant has a global presence, with 24 offices around the world. For additional information, please visit www.nexant.com. Media contact: Bob Burdett, +1 415 369 1114.