Honeywell, Tinker Air Force Base Launch $80.6M Efficiency Project
Honeywell (NYSE: HON) today announced an $80.6-million energy efficiency project for the U.S. Air Force that will improve operations and cut utility costs at Tinker Air Force Base (AFB) near Oklahoma City, Okla. The project is the Air Force's largest domestic energy retrofit funded through guaranteed savings to date. And, combined with previous Honeywell-led improvements and other on-base initiatives, it will help Tinker meet the mandated 30 percent energy reduction goal defined by Presidential Executive Order 13514. It should also remove Tinker from atop the list of the most energy-intensive Air Force bases.
The upgrades are expected to save $6.4 million the first year after the work is complete and more than $170 million over 20 years, guaranteed by Honeywell through an energy savings performance contract. The Air Force plans to use the reduction in utility and operating expenses to pay for the project and ongoing maintenance, which Honeywell will also provide. As a result, Tinker AFB should not have to