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Projects Updates for Revolving Loan Fund (RLF)

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  1. Revolving Loan Fund Research

    Associated Project(s): 
    Revolving Loan Fund (RLF)

    Hi Morgan,

     

    I created a spreadsheet of all of the participants of the Billion Dollar Green Challenge. This spreadsheet includes the population size and loan amount. I thought it would be easier to sort through the information with this. I will try to find data about current energy savings to add to this sheet. But almost all of the institutions have very little information about what they have done with the loan amount. And if they do have information, it is minimum 3-5 years old.

     

    I attached that document and my current word document. Still need to add a few more universities, but I wanted to see the numbers clearly before I picked a random one to look into.

     

    According to this data we have the 9th largest loan fund. Ill focus on the rest of the universities above us in the list.

     

    Thanks,

     

    Quinn M. Connolly

    Attached Files: 

  2. RLF Projects and Dollars

    Associated Project(s): 
    Revolving Loan Fund (RLF)

    The following is an email conversation between Morgan White and Anthony Spurlock.

    Anthony sent the following on Nov 17, 2022:

    Morgan,

    Per your request, 27 RLF projects have been completed totaling $6 million.  41 total projects have been approved totaling $8.6 million.

    Regards,

    Tony

    ----------------

    Morgan sent the following response:

     

    Thanks!  Is the 27 included as part of the 41 approved project, or were there 68 total projects approved? ~Morgan

    ---------

    Anthony clarified:

    27 is part of the 41.

    Regards,

    Tony

     

  3. older explanation of the RLF

    Associated Project(s): 
    Revolving Loan Fund (RLF)

    The Revolving Loan Fund (RLF) was set up as a funding source for utility conservation projects with less than ten-year payback periods.  These can include steam, electricity, chilled water, or water reduction projects, and the savings from utility costs are paid back annually to replenish the fund. 

    This fund was originally called for in the 2010 iCAP, as the “clean energy fund.”  It was established in 2012, with funding from the SSC and the Provost.  Within the first year, the President’s Office committed additional funds.  According to the RLF Agreement, any grant funds received for RLF projects in campus-funded utility buildings will be allocated entirely to the RLF.  Thus, the fund can grow over time.  Additionally, the campus agreed to match any additional commitments from the SSC, in the future.

  4. Departmental and Unit Funding Available for Utility Conservation Projects

    Associated Project(s): 
    Revolving Loan Fund (RLF)

    Departmental or Unit Funding Available for Utility Conservation Projects


    The RLF application form includes step-by-step instructions and examples.
    F&S is accepting new Revolving Loan Fund (RLF) applications for utility conservation projects envisioned by academic, auxiliary, and administrative units. Since 2011, the RLF has supported over $7.5M in transformative projects, allowing colleges, departments, and institutes to modernize their spaces through the following work:

    • LED lighting upgrades
    • Occupancy sensor installations
    • HVAC enhancements
    • Chilled water and steam mechanical system improvements
    • Direct Digital Control transitions 2
    • Building envelope repairs

    To request similar projects or propose other concepts, download the 2022 application form at https://go.fs.illinois.edu/RLF. The file includes step-by-step instructions and additional information. The deadline to submit projects is April 25, and the RLF Committee will begin evaluating proposals in May 2022.

    Project selection will be based on payback period, reduction of greenhouse gases, fund size impact, project coordination, and visibility. Successful RLF projects have nearly doubled the fund to more than $4M through targeted, strategic investments that use the projected savings to deliver annual payback. Approximately $1M in funding is available for this project selection cycle.


    For questions, contact Engineering Specialist Amber Perfetti at fandsrevloanfund@mx.uillinois.edu or 217-244-7708.

  6. Revolving Loan Fund: Special Project Vote for State Farm Center

    Associated Project(s): 
    Revolving Loan Fund (RLF)

    The following email was sent on November 16, 2020 to the RLF Selection Committee:

    Revolving Loan Fund Selection Committee,

    I want to thank everybody again for your participation in the previous selection process. With the completion of that vote, the RLF fund source still has approximately $300,000+ available and a time sensitive submission from DIA has been received recently. The project being submitted is for a Retro-Commissioning (RCx) effort at the State Farm Center. RCx efforts see great results under normal operating conditions, but with the pandemic, significant savings could be realized now that many events are being cancelled and the facility is not being utilized at its full capacity. The request is for $250K and could see a payback of less than 2 years. Please see the attached document for more information.

    We don’t necessarily need to score this project, all we need is a majority decision (yes or no) to approve.

    I ask that you please reply with your individual yes (in support of funding) or no (decline funding approval) votes before November 26, 2020 (10 days away).

    ... Thank you again for your continued support of the RLF program.

     

     

    See the attached file to read details about the Retro-Commissioning (RCx) for the State Farm Center.

    Attached Files: 

  9. Revolving Loan Fund: FY2020 Project Selection Results

    Associated Project(s): 
    Revolving Loan Fund (RLF)
    Centralized Energy Efficiency Efforts
    Retrocommissioning (RCx)
    LED Campus

    7 projects were approved during the FY2020 Revolving Loan Fund (RLF) project selection. At this time, final scoring results were determined as well. F&S will be beginning these projects soon and will start assessing their correlated utility savings.

    Due to COVID-19, the voting process was conducted via email as opposed to meeting in person. As a result of the success in the virtual voting process, future selections are planned to occur in a similar fashion.

    Attached Files: 

  12. Revolving Loan Fund projects approved

    Associated Project(s): 
    Revolving Loan Fund (RLF)
    Retrocommissioning (RCx)
    LED Exterior Lights
    LED Campus
    Occupancy and Daylight Sensors
    Steam System Maintenance
    Building Maintenance Department Projects

    The Revolving Loan Fund selection committee has approved funding for all the viable RLF projects.  See attached image for list.

    Attached Files: 

  13. special vote requested

    Associated Project(s): 
    Revolving Loan Fund (RLF)
    Retrocommissioning (RCx)

    Revolving Loan Fund Selection Committee,

    The time is almost here to select another round of projects for the Revolving Loan Fund. For this upcoming selection we have approximately $1,000,000 to allocate. However, due to a timing issue I am appealing to the committee to decide on a Retro-Commissioning project in advance of the formal selection meeting. The reason for requesting Retro-Commissioning at Memorial Stadium early is due to a deadline associated with the availability of DCEO grant dollars. If expenditures and savings are realized prior to May 31, 2017, DIA could receive $100,000 in grant money from DCEO. Our meeting for project selection is targeted for the first week of May 2017 which does not give us enough time to qualify for the grant.

    Below is project specific information that would normally be presented at the project selection meeting. We don’t necessarily need to score this project, all we need is a majority decision (yes or no) to approve this project. If accepted, the committee would be considering $800,000 for allocation at the targeted May selection meeting.

    Project Name: Memorial Stadium Retro-Commissioning

    Project type: Retro-Commissioning

    Buildings: Memorial Stadium

    Energy Cost Savings: $300,000 /year

    Funding Request: $200,000

    Project Cost: $500,000 (DIA will contribute $200,000 and DCEO grant contribution will be $100,000)

    Payback Period: Approximately 2 Years

    General Description of Work:

    Provide temperature control upgrades & retro-commissioning services for the west and north portions of the stadium. During preliminary work, many noteworthy items have been identified. Several HVAC equipment scheduling improvements have been made already.

    Project Owners: Brett Stillwell (Athletics) / Karl Helmink (F&S)

    Project Execution Contact: Brett Stillwell (Athletics) / Karl Helmink (F&S)

    Criteria:

    1-      Payback Period: The payback period is approximately 2 years.

    2-      Reduction of Greenhouse Gas: Greenhouse gases will be reduced by 3,491,227 lbs due to conservation of electricity, chilled water, and steam.

    3-      Fund Size Impact: While grant dollars are available for this particular submission, the grant will not be used to increase the Revolving Loan Fund balance.

    4-      Visibility: Memorial Stadium is an iconic building for Athletics on campus.  The energy savings could be indirectly visible in that it could pay for other items that Athletics desires. There is a large amount of diversity in the usage of the space.

    5-      Project Coordination: Coordination items need to be considered as the south end zone & east grandstand project approaches. There are temporary plans to be considered prior to the arrival of this particular project.

    Other Pertinent Information:

    It is proposed that Athletics provide $200k for this project. Eileen Westervelt, via DCEO funding, has provided a building energy study which has identified large energy savings in this building of over $300,000 per year. It is suggested that to secure the $100K DCEO grant, $150K needs to be spent by May 31, 2017 and evidence will need to be presented that the indicated energy is being saved.

    The campus has realized a significant amount of utility savings due to the efforts made by the Retro-Commissioning teams and the expectation would be no different at Memorial Stadium. The data the Retro-Commissioning group has provided for this application predicts a very positive outcome which is consistent with most of their projects throughout campus.

    The reason for the expedited decision is to take advantage of the possible DCEO funds that will likely not be available in the future. Thanks again for your participation in this selection process and please let me know if you have any questions or concerns.

    I ask that you please reply with your individual yes or no votes before February 10, 2017.

    Thanks again,

    Josh Whitson

  15. Article about Billion Dollar Green Challenge

    Associated Project(s): 
    Billion Dollar Green Challenge
    Revolving Loan Fund (RLF)
    Issue Press Releases and Sustainability Reports

    The Chicago Tribune included a mention of the University of Illinois at Urbana-Champaign as one of two schools in Illinois that have joined the Billion Dollar Green Challenge.  http://www.chicagotribune.com/suburbs/naperville-sun/ct-nvs-north-centra...

    Attached Files: 

  16. FY17 Committee formed and meeting being scheduled

    Associated Project(s): 
    Revolving Loan Fund (RLF)

    This information was sent to the FY17 RLF Selection Committee:

    Thank you for continuing to serve on the Revolving Loan Fund (RLF) Selection Committee. The primary function of the committee is the selection of RLF proposed projects. At the selection meeting, you will be considering approximately $2M in energy conservation projects that are expected to have a relatively short payback period. The utility savings (cost avoidance) from these projects is then repaid to the RLF allowing additional conservation projects to be funded at a later date. For more detailed program information, please see the attached Agreement/Process document and visit the RLF website.

    An email with proposed project specifics and a scoring template will be sent prior to the meeting. Currently, the Utilities & Energy Services staff are reviewing the proposals and assembling the handout and presentation.  We would like to target a day when the committee is available to present the proposed projects, score, and finalize selections. Your charge will be to review the submissions utilizing the stated criteria in the attachment and make recommendations for loan funding.

    I look forward to meeting with you and please let me know if you have any questions.

    Thank you again,

    Josh Whitson

    Attached Files: 

  18. News Release - RLF update

    Associated Project(s): 
    Revolving Loan Fund (RLF)

    $1.9M Available for Campus Utility Conservation Projects from the Revolving Loan Fund

    CHAMPAIGN, IL – More than $1.9M will be available for campus projects through the Revolving Loan Fund (RLF) this semester. Departments and units interested in submitting utility conservation work for consideration are encouraged to download and complete the RLF application available at: http://go.fs.illinois.edu/rlf. The RLF Committee will evaluate proposals beginning in mid-April with project selection occurring this summer. 

    The Institute for Sustainability, Energy, and Environment (iSEE) collaborated with Facilities & Services (F&S) to allocate $500K from Chevrolet Bonneville Environmental Foundation funding into the RLF. The amount was matched by an additional $250K from the Office of the Chancellor with the goal of further reducing greenhouse gas (GHG) emissions on campus and achieving targets outlined in the Illinois Climate Action Plan (iCAP).  

    Through the carbon credit agreement with Chevrolet, acquisition of grant funding, and campus commitments the RLF has grown to a record $3.9M.

    Engineer specialist for F&S Josh Whitson said, “Through both centrally-funded programs and user-based initiatives there is a proven track record of significant cost avoidance and energy reduction at the university. The RLF builds on these successful conservation efforts.”

    Chevrolet retired an estimated 150K metric tons of carbon credits from the university on behalf of the environment in May 2014. The carbon credits were earned through the work of the campus to reduce GHG.

    “By increasing the size of the RLF, our campus has reinforced its commitment to conserving energy and resources — a commitment that will allow the excellent work done by F&S to continue and increase,” said Ben McCall, associate director for campus sustainability at iSEE. “Decreasing our carbon footprint through this cost-effective approach will help Illinois remain a leader among green campuses.”

    The RLF was established in 2011 as a financing source for utility conservation projects with a less than 10-year payback period. The savings from steam, electricity, and chilled or potable water costs are paid back annually, based on initially calculated savings.

    To date, more than $2M has been allocated from the RLF for energy-efficient lighting retrofits, including LED upgrades, and the installation of occupancy sensors.

    BILLION DOLLAR GREEN CHALLENGE:
    The RLF is a recognized part of the Billion Dollar Green Challenge where 57 universities have committed more than $116M for energy conservation efforts: http://greenbillion.org/. The Challenge encourages colleges, universities, and other nonprofit institutions to invest a combined total of $1 Billion in self-managed revolving funds that finance energy efficiency improvements.

    RLF ONLINE:
    More information on the RLF is available on the iCAP Portal: http://icap.sustainability.illinois.edu/project/revolving-loan-fund

    RLF Project Application ​

    Attached Files: 

  19. ECBS SWATeam Meeting Minutes

    Associated Project(s): 
    Energy Conservation and Building Standards (ECBS) SWATeam
    Revolving Loan Fund (RLF)

    Ben McCall attended this ECBS SWATeam meeting to join in on the discussion of objectives 2 and 3 under the ECBS section of iCAP 2015.  A consultation group will be formed to help in recommending potential objective 2 strategies.  The main issue is that there is no "one size fits all" standard for all campus buildings.  Various strategies of creating a feedback loop for reducing energy usage were also discussed with regards to objective 3.  Next meeting is set for Tuesday, March 15.

    Attached Files: 

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