Selects GREENCROWN to Manage Energy Portfolio for 22 College Campuses
Iselin, NJ – January 13, 2021 – Lincoln Educational Services Corporation (Nasdaq: LINC), one of the nation’s leading providers of career education and specialized technical training, has selected GREENCROWN Energy & Water to manage its entire energy portfolio, and to drive sustainability at all campuses nationwide. The portfolio consists of 22 campuses in Colorado, Connecticut, Georgia, Illinois, Indiana, Massachusetts, Maryland, New Jersey, New York, Nevada, Pennsylvania, Rhode Island, Tennessee, and Texas.
“We started working with GREENCROWN Energy & Water in 2020, which has been the most challenging business year for most industries in our nation,” said Tayfun Selen, Senior VP of Administration, Lincoln Educational Services. “For the campuses we have located in deregulated markets, GREENCROWN worked tirelessly to negotiate competitive, fixed rate electricity and natural gas procurement agreements to decrease our energy spend. GREENCROWN also helped Lincoln source terms and conditions designed to protect our business interests and establish more peace of mind as we continue to navigate through the Covid-19 pandemic.”
In addition to reducing Lincoln’s energy spend, GREENCROWN is helping the Lincoln team manage a national lighting and mechanical efficiency initiative. GREENCROWN is working with Lincoln’s energy suppliers to source CAPEX-free improvements to promote energy efficiency, which will further decrease their energy operating expenses while reducing their carbon footprint in the process.
“Our goal is to help colleges and universities achieve their sustainability goals while providing a significant costs savings across campuses,” said Sal Ritorto, Executive Vice President of GREENCROWN Energy. “Our team looks forward to helping Lincoln execute upon much-needed capital improvements while eliminating the cost and debt barrier that often accompanies large scale efficiency projects. Compounding these initiatives with energy procurement savings will lead to reduced energy spend and decreased consumption across all Lincoln campuses in 2021 and beyond.”
Selen added, “We could not be happier with GREENCOWN’s dedication, and their commitment to prioritizing our best interest. We highly recommend GREENCROWN and are grateful to have them as our energy management advisor.”
“Every facet of Lincoln’s energy portfolio can be managed and monitored in real-time with GREENCROWN’s UtilityROI™ Utility Management Platform,” added Ritorto. “UtilityROI™ will enable Lincoln to draw upon technical insights to identify the most favorable energy conservation and savings opportunities while driving streamlined reporting. All roads lead to decreased utility operating expenses.”
For more information about how GREENCROWN Energy and Water can be a valuable asset to your organization, call 877-308-2727.
About GREENCROWN Energy & Water:
Founded in 2007, GREENCROWN Energy & Water is a diverse industry leader for utility risk management, and national provider of energy supply, utility efficiency, and conservation solutions. GREENCROWN is a trusted utility risk and sustainability partnter for real estate investment companies, multifamily properties, manufacturing, automotive dealerships, hospitality, healthcare, education, health and fitness centers, and many commercial industries.
To learn more, visit www.greencrownenergy.com