The Ozarks Medical Center (OMC) in West Plains, Mo., received a $1.26 million energy loan from the Missouri Department of Economic Development's Division of Energy to allow the hospital to replace a hot water boiler, chiller, and steam boiler.
OMC will also use the loan to purchase a hot water heat exchanger and make lighting upgrades to improve efficiency. These improvements are expected to result in annual energy savings of approximately $155,300, according to an article on the Hispanic Business website.
The loan will be repaid with money saved on energy costs as a result of implementing these upgrades and improvements.
Since the Energy Loan Program's inception in 1989, the Division of Energy has awarded more than 550 loans, which has resulted in nearly $84 million in completed energy-efficiency projects and more than $158 million in estimated cumulative energy savings, the article said. Loan financing may be used for various energy-saving investments, including upgrades in insulation, lighting systems, heating and cooling systems, windows and other items that affect energy use.
Read the article.
A 'Superbug' Is on the Rise in Hospitals
The Next Generation of Security Tech in Healthcare Facilities
Encompass Health Rehabilitation Hospital of St. Petersburg Opens
Why More Facilities are Adding Gender Neutral Restrooms
Massachusetts Hospital Cyberattack Reflects Growing Vulnerability in Healthcare Systems