PRX has completed negotiations for a rooftop solar project in Sacramento, CA for a healthcare services company. The project will save approximately $1.5 million NPV with a downside projection of just under $1.0 million. PRX provided savings analysis, PPA inputs for termination costs and buyout, modeled tariff rates and solar offsets and negotiated key terms of the PPA and met with the customer's Board for project approval.
PRX provide risk managment and procurement support for a medical device manufacture that depends heavily on the cost and reliability of electricity and natural gas. By actively monitoring energy prices and budget impacts of price volatility, PRX is able to make timely recommendations for energy purchases that will minimize budget volatility and maximize year over year cost reductions. PRX took advantage of a declining market to secure additional energy positions and increase savings to budget for the next three fiscal years.
PRX Energy is leading the development and evaluation of a utility scale solar project for a large university located in the PJM electricity market. PRX will distribute the RFI to over 34 regional solar development companies and summarize responses in advance of issuing a formal RFP. PRX will provide financial and operational advisory services as part of the University's steering team and will report directly to the Director of Campus and Physical Plant Operations. The RFP will result in a negotiated PPA valued at over $60 million.
PRX closed on a 3-year contract extension with a leading Big 10 university to provide risk management, contract negotiation and renewable power strategic consulting. PRX has built an extensive Integrated Energy Portfolio for the client that is being used to evaluate long-term energy strategies for renewable power, energy efficiency, on-site generation and risk management impacts. PRX works closely with the Physical Plant personnel and sustainability department to provide analytics and expertise needed to justify and enact key energy strategies and investments.
PRX Extended its relationship with a leading Albany area college for another three years by reducing its natural gas budget by 5% following initial savings of over $120,000. PRX actively monitors energy prices for the college and recommends buying opportunities designed to reduce energy costs and mitigate market exposure. With this transaction the college further reduced its natural gas costs and locked in budget savings through 2020.