Energy Asset Concession

Ochsner Baptist is Bernhard’s third Energy-as-a-Service transaction with the Ochsner Health System. Ochsner Health, the largest healthcare system in Louisiana, was the first healthcare entity in the United States to enter into an Energy Asset Concession agreement when they did so at their flagship campus, Ochsner Jefferson, in 2017.

The $32-million project at Ochsner Baptist addresses necessary electrical infrastructure upgrade on the campus to improve reliability and redundancy of building systems. Additional upgrades to mechanical equipment and system optimization through retro-commissioning generate an estimated utility savings of $775,000 per year for the hospital.