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.
PRX Energy and Wagner College will be presenting the success of several electricityy and natural gas reverse auctions at the NAEP Northeast Conference in October 2017. PRX and Wagner have a long history of success with reverse auction energy procurement and will be describing the process used and savings achieved over the past two years working together.
PRX Energy and PowerSecure are working together to bring the benefits of small scale on-site generation to leading institutions in higher education. On-site generation provides numerous value streams that are used to cover the cost of equipment and installation providing customers with a $0 upfront investment and on-going net positive savings stream for the life of the asset.
PRX Energy has been retained to provide project advisory, evaluation and contract negotiation services to a leading national healthcare provider. The projects are located in California and are part of out client's effort to reduce their environmental impact. PRX Energy provides an Integrated Energy Portfolio analysis to help the client understand the overall economic, risk and sustainability benefits of the project and negotiate PPA terms that best optimize their energy portfolio. The client is expected to save nearly $250,000 per year with an NPV over $2 million over the life of the PPAs.
PRX Energy just completed its third year of continuous growth and would like to thank all of its clients, channel partners and associated for their support in this achievement. The energy industry is a difficult environment for startup companies, and PRX has proven it has the products, value proposition, leadership and staying power to succeed.