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Industry: Higher Education | Annual Energy Spend: $100M+ | Savings: $69M in 5 years
Situation
System energy spend >$100 million annually.
Detailed Summary
Twelve institutions operated independently, missing the opportunity to leverage collective buying power. Energy prices were volatile and near historic highs, straining budgets and limiting strategic flexibility.
Opportunity
To aggregate system demand to obtain the most attractive pricing terms.
Detailed Summary
Acclaim aggregated system-wide demand and implemented tailored risk management strategies. Forward purchases were timed to capitalize on declining market prices.
Impact
Changed the system and institution’s paradigm for strategic energy procurement.
Detailed Summary
Transformed the university’s approach to energy procurement. In the first five years, Acclaim delivered $69M in savings—$20M from portfolio aggregation and $49M from risk management. A 10-year contract is projected to save an additional $70M.