A long-term energy savings plan has been developed for 18 buildings which will consist of multiple agreements with Energy Service Companies (ESCO). These efforts are focused primarily on research facilities which have large energy demands and high potential for savings. The first contract associated with the plan has been approved by the Board of Trustees for $1.4M and will evaluate Seitz Materials Research Laboratory, Engineering Sciences Building, Loomis Laboratory, Superconductivity Center, and Micro & Nanotechnology Laboratory. An added benefit to these contracts is the ability to invest in upgraded systems using energy saving revenue which can improve facility operations and reduce deferred maintenance as well.