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Glocester council hears Noresco pitch, approves preliminary study of municipal energy savings
Summary
The Glocester Town Council heard a presentation from Noresco on Feb. 19 about guaranteed energy‑savings projects and voted to authorize a preliminary study using three years of utility data and building square footage to assess viability.
Dean, a Noresco representative, told the Glocester Town Council on Feb. 19 that his firm can identify and monetize energy efficiencies across municipal buildings and guarantee savings sufficient to cover project costs and loan payments. The council voted to authorize a preliminary study to determine whether a townwide project is viable.
Noresco described a two‑step approach: an initial, company‑funded high‑level analysis of three years of utility bills and building square footage to create an energy‑usage index, followed—if warranted—by an investment‑grade audit that would identify specific measures. Dean said Noresco would pursue incentives and rebates and has secured additional grant funds on comparable projects. "We guarantee the energy savings that we find," Dean said, describing the firm’s model in which savings are intended to pay for project costs and debt service.
Council members clarified the data Noresco needs: three years of electric, oil, gas, propane and water usage and square footage for the buildings the town wants reviewed. Finance staff (Beth) was identified as the point of contact for utility records and Gary (facilities/highway) as the contact for building square footage and access. Dean said he could return with initial results by March if the town provides the data promptly.
Councilors emphasized procurement rules and transparency. One councilor noted that Noresco is on the state master price list, which can allow direct selection; Dean said Noresco would follow the town’s procurement process and assist if an RFP were preferred. The council approved the motion to have Noresco perform the preliminary study and directed staff to provide the requested data.
The preliminary analysis is free to the town and is intended to establish whether a full investment‑grade audit and project would be cost‑effective. If the study shows an opportunity, the council will consider next steps, procurement options and a future presentation of detailed findings.
