Westborough, MA

November 6, 2023

NORESCO has been awarded a $78 million contract modification for additional work under its energy savings performance contract (ESPC) with the U.S. Navy at Commander Fleet Activities (CFA) Yokosuka, Japan. The CFA Yokosuka Power Resiliency Island Mode Enhancements (CFAY-PRIME) project will bolster energy resiliency for mission-critical systems at CFA Yokosuka, the U.S. Navy’s largest overseas installation. These improvements will ensure the continuity of operations in the event of grid power interruptions. NORESCO is part of Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions.

The CFAY-PRIME project builds upon NORESCO’s 15 years of proven performance and on-site presence at CFA Yokosuka supporting an initial federal ESPC. The additional work will enable CFA Yokosuka to quickly island its power systems to serve mission critical energy needs during utility outages. It will also renew and upgrade aging infrastructure.

By leveraging additional savings made available as a result of extending the original ESPC term, and through increases to the guaranteed savings, the U.S. Navy can address CFA Yokosuka’s energy and operational resiliency goals with no upfront contribution. This reinvestment strengthens CFA Yokosuka’s mission assurance and its ability to support the Navy’s forward-deployed fleet.

NORESCO will increase on-site emergency generation capacity and implement cybersecurity upgrades in accordance with the U.S. Department of Defense Risk Management Framework. These enhancements protect the base's systems, support ongoing operations and future growth.

"We are honored to continue our long-term partnership with the Navy on a project that will help the Navy achieve its energy and operational resiliency goals, while also supporting its mission to protect and defend the U.S.," said Doug Sattler, Senior Vice President, Federal, NORESCO. "We express gratitude to the Navy’s team members for their hard work and commitment, which ultimately resulted in the award of this project. These organizations include Navy Region Japan, NAVFAC Pacific, NAVFAC Far East, NAVFAC Expeditionary Warfare Center, and Puget Sound Naval Shipyard.”

For more information about NORESCO services, visit www.noresco.com.

About NORESCO

NORESCO, a part of Carrier Global Corporation, helps customers modernize aging building systems and upgrade energy and water infrastructure to meet evolving demands. We implement innovative energy efficiency, distributed generation, energy storage, and renewable energy solutions that optimize the operational efficiency and improve resilience of buildings, campuses, military installations, and communities. To date, NORESCO has implemented solutions that provide more than $5 billion in guaranteed energy and operating cost savings at more than 10,000 facilities, while reducing customer CO₂ emissions by more than 25 million metric tons – the equivalent of planting 1.4 million acres of forest. For more information, visit www.noresco.com