NAESCO Project Finalist

DCO Energy partnered with Jersey City Public Schools (JCPS) to implement New Jersey’s largest $122 million Energy Savings Improvement Program (ESIP). Spanning 44 schools and administrative buildings, the project integrates solar panels, LED lighting, HVAC upgrades, and building automation, generating significant annual savings:

• 9.67M kWh of electricity

• 308,947 therms of natural gas

• 201,895 gallons of fuel oil

These savings will be reinvested into the district, improving educational resources without taxpayer impact. Utilizing Green Refunding Bonds, the project is financially self-sustaining, aligning with New Jersey’s commitment to reducing CO₂ emissions by 19.3M lbs and improving air quality in underserved communities.

Beyond energy improvements, DCO Energy’s community outreach includes:
✔ A 12-week live classroom program
✔ A Women in Engineering educational program
✔ A Train-to-hire workforce development initiative

Procurement & Financing

• Contract Value: $111M | Total Project Value: $120M

• Contract Term: 20 years

• Projected Year 1 Savings: $2.5M

• Financing: $55.9M Green Refunding Bonds + $64.2M Capital Appropriations

• Incentives: $1.73M in rebates (PSE&G & NJ Clean Energy)

Project Status

• Award Date: February 16, 2023

• Construction Progress: ~50% Complete

• No upfront cost to JCPS

Superintendent Dr. Fernandez: “This project is a testament to JCPS’s commitment to sustainability and student well-being. It improves indoor air quality, reduces emissions, and redirects savings into education.”