PSE&G AND TRINITAS WIN ENERGY EFFICIENCY AWARD
The New Jersey Association of Energy Engineers (NJ AEE) has selected a $3.7 million energy efficiency effort implemented at Trinitas Regional Medical Center and financed by Public Service Electric and Gas Company (PSE&G) as their Project of the Year. The award was presented at the NJ AEE annual awards gala held in Woodbridge, NJ.
The award-winning energy efficiency work at Trinitas Regional Medical Center was completed through the PSE&G Hospital Efficiency Program.
This overall $129 million effort helps hospitals in the utility's service territory identify and finance major energy efficiency improvements that substantially lower their energy usage and greatly decrease their energy costs.
Receiving this recognition from the NJ AEE is "the icing on the cake," exclaimed Gary S. Horan, FACHE, President and Chief Executive Officer of Trinitas Regional Medical Center. "The Hospital Efficiency Program has had a positive result on our operation, saving both energy and cost, and allowing us to direct more resources to patient care. It's a thrill to receive this award for a project that is already a win-win for us,” he added.
The energy efficiency upgrades were made at Trinitas Regional Medical Center's Williamson Street and New Point campuses. They will save the hospital $390,000 annually in utility costs, or about $7.8 million over the 20-year lifespan of the new equipment. Improvements include updated heating and water cooling systems as well as the installation of state of the art lighting and energy management technologies. In addition to reducing energy bills, the upgrades will improve the comfort and convenience of Trinitas Regional Medical Center's patients, staff and visitors.
"We designed our program to help hospitals like Trinitas Regional Medical Center save money that they can better use to advance their healthcare mission and save lives," said Joe Forline, vice president – customer solutions for PSE&G. "We're honored that the New Jersey Association of Energy Engineers is recognizing our Hospital Efficiency Program and the work at Trinitas Regional Medical Center. We look forward to helping even more hospitals in the months and years to come."
Through the Hospital Efficiency Program, PSE&G provides an investment-grade audit at no cost to the hospital, then proposes various cost effective energy conservation measures that will make substantial improvements in the hospital's efficient use of energy with a payback period of less than 15 years. The program greatly reduces the financial burden on a hospital by providing up-front funding for the total cost of a project. The hospital then pays back a portion of the total project cost after the project is complete through its PSE&G bill at zero percent interest over 36 months.
PSE&G's Hospital Efficiency Program is unique. There are only four utility energy efficiency programs in the U.S. that target hospitals; among those programs, PSE&G's is the only one in which the utility bears all of the upfront capital costs.
About Trinitas Regional Medical Center
Trinitas Regional Medical Center (TRMC), a major center for comprehensive health services for those who live and work in Central New Jersey, is a Catholic teaching medical center sponsored by the Sisters of Charity of Saint Elizabeth in partnership with Elizabethtown Healthcare Foundation. With 10 Centers of Excellence across the continuum of care, Trinitas has distinguished itself in cardiology, cancer care, behavioral health, renal care, nursing education, diabetes management, wound healing and sleep medicine.
Posted: September 19, 2014