Duquesne University, a 120-year-old institution, was faced with an aging utility solution and not enough capital to update.
Cordia acquired Duquesne University’s central utility plant for a substantial upfront payment that was off-balance sheet and credit-positive per Moody’s Review.
We entered into a 40-year Energy Services Agreement (ESA) with Cordia assuming operating and revenue risk throughout the contract.
Duquesne was relieved of crippling capital expenditures.
The capital injection from Cordia made them more financially sustainable.
Cordia is unlocking the campus system’s potential by:
Want to learn more about how Cordia could help your educational institution? We’d love to talk. From acquiring and operating existing systems to designing and installing innovative solutions, our team has developed projects across a wide variety of types and scopes.
Cordia upgraded UPMC Mercy's aging system by connecting it with Duquesne University's system for maximum efficiency, resulting in a resilient system producing significantly more power and allowing both institutions to focus on their services.
Read More
Cordia upgraded the Penn Medicine Princeton system by implementing a microgrid, combining Combined Heat & Power with on-site solar generation and thermal storage, resulting in a sustainable, highly efficient system that produces significantly more power and thermal capacity.
Read More