University of Houston names official energy partner
TXU Energy announced a multi-year partnership to be the electricity provider for the entire University of Houston System. This partnership will include all four university campuses, UH instructional sites, and multiple athletic facilities and venues.
TXU Energy will also invest $370,000 in UH scholarships over the next ten years, which includes endowed scholarships and funding for programs focused on energy and STEM education.
The contract is designed to meet the needs of a system serving more than 75,000 students.
"When considering the University of Houston's size and the scope of world-class facilities, labs, and research centers that need power, only a provider with a strong history of operational excellence is up to the task," Gabe Castro, senior vice president of business markets for TXU Energy says in a news release.
"We approached this partnership first with the promise of delivering safe, reliable electricity. As we learned more, our market insight and expertise allowed us to create a custom solution that aligns with the university's short and long-term goals."
As a part of the partnership, TXU Energy will also provide Greenback dollars. The Greenback dollars are rebates for making energy-efficiency improvements at university facilities,which can fund new or existing energy efficiency projects.
Last fall, UH announced Rhythm Energy as its athletics energy partner amid the university's transition to the Big 12 conference.