ABM Installs One of the Largest Solar Arrays in Baltimore History

ABM Partners with Sol Systems and Washington Gas Energy Systems on 1.2 MW Solar Array

NEW YORK--()--ABM (NYSE:ABM), a leading provider of facility solutions, announced today that ABM’s energy business has successfully commissioned a 1.2 MW solar array in Baltimore, Md., representing one of the largest solar installations to date in the Baltimore metropolitan area. Washington Gas Energy Systems, a subsidiary of WGL Holdings (NYSE: WGL), owns the system, and land owner Glen Meadows Retirement Community, a subsidiary of Presbyterian Senior Living, will reap the benefits of lower, fixed-rate energy costs. ABM provided the engineering, procurement, construction and commissioning of the solar array on behalf of Washington Gas Energy Systems and Sol Systems, which provided the solar financing for the project.

In addition to being responsible for construction, ABM will also maintain the 4,150 panel array on behalf of Washington Gas Energy Systems under a long-term contract, providing the senior living facility with fixed, low-cost energy rates over the life of the 20-year agreement, allowing Presbyterian Senior Living to save money as utility costs are expected to rise in the coming years. The system is expected to generate just over 1.5 million kilowatt hours (kWh) per year. Construction began in August and was finalized in October.

“ABM is excited to have completed the first of many utility-scale solar development projects to come,” said Ted O’Shea, ABM energy business vice president. “We’ve made significant investments to increase our expertise in the development of renewable energy as a solution to reduce owning and operating costs and increase energy efficiency for our clients. We look forward to continuing to help other organizations obtain fixed-cost energy pricing while generating revenue for their facilities through our renewable energy solutions.”

The multi-year, multi-million dollar contract represents the first project completed through ABM’s recent joint venture with Building Energy, an Italian-based independent power producer, which added further expertise to ABM’s renewables team. ABM and Building Energy have collectively installed over 250 MWs through solar engineering, procurement and construction (EPC) contracts, completed over $1B in energy projects, and currently operate and maintain over 200 MWs of solar facilities across five countries.

“Our joint venture with ABM delivered a high quality solar plant within a short timeframe, ensuring Washington Gas Energy Systems’ standards were met across the project’s execution,” said Andrea Braccialarghe, Building Energy’s managing director, America. “Building Energy's solar power plant experience worldwide creates tremendous value for our joint venture’s U.S. clients through well-built systems that maximize clean, renewable solar power.”

ABOUT ABM

ABM (NYSE: ABM) is a leading provider of facility solutions with revenues exceeding $4 billion and 100,000 employees in over 350 offices deployed throughout the United States and various international locations. ABM’s comprehensive capabilities include facilities engineering, commercial cleaning, energy solutions, HVAC, electrical, landscaping, parking and security, provided through stand-alone or integrated solutions. ABM provides custom facility solutions in urban, suburban and rural areas to properties of all sizes — from schools and hospitals to the largest and most complex facilities, such as manufacturing plants and major airports. ABM Industries Incorporated, which operates through its subsidiaries, was founded in 1909. For more information, visit www.abm.com.

ABOUT BUILDING ENERGY

Building Energy is an independent producer of energy from renewable sources with a large portfolio of renewable plants in operation, construction and development, with a total pipeline in excess of 800MW in Europe, Africa, Central and North America. In South Africa, Building Energy won the contract for the biggest photovoltaic project on the African continent - 81 MW in Kathu - in the first round of the REIPP, the South African government’s incentive program for the production of renewable energy. The power station is currently under construction and is expected to be in operation by August 2014. For more information, visit buildingenergy.it.

ABOUT GLEN MEADOWS RETIREMENT COMMUNITY

Glen Meadows is a subsidiary of Presbyterian Senior Living, a not-for-profit organization, providing retirement and senior care services for more than 85 years. Headquartered in Dillsburg, Pennsylvania, Presbyterian Senior Living provides services to approximately 6,000 seniors in 29 locations in the mid-Atlantic region of Pennsylvania, Maryland, Ohio and Delaware. Presbyterian Senior Living fulfills its charitable purpose and mission by providing a full range of high-quality healthcare, housing, and other related community services directed primarily to people 55 and over. For more information, please visit presbyterianseniorliving.org or glenmeadows.org.

Contacts

ABM Industries
Media:
Chas Strong, 770-953-5072
chas.strong@abm.com
or
Investors & Analysts:
David Farwell, 212-297-9792
dfarwell@abm.com

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Contacts

ABM Industries
Media:
Chas Strong, 770-953-5072
chas.strong@abm.com
or
Investors & Analysts:
David Farwell, 212-297-9792
dfarwell@abm.com