Welcome to our dedicated page for Ameresco news (Ticker: AMRC), a resource for investors and traders seeking the latest updates and insights on Ameresco stock.
Ameresco, Inc. (NYSE: AMRC) is a pioneering, comprehensive energy efficiency and renewable energy company. With headquarters in Framingham, Massachusetts, Ameresco operates across North America and Europe. Founded in 2000, Ameresco offers a wide array of solutions aimed at reducing costs, enhancing energy security, and shifting towards clean, renewable sources of power. The company is known for its energy audits, innovative engineering, and large-scale solar farms. Its projects span governmental, educational, utility, healthcare, and other institutional, commercial, and industrial entities.
Ameresco's core operations involve developing and managing energy efficiency solutions, utility-scale solar farms, and deep energy retrofits. The company's extensive portfolio includes solar energy products and systems such as PV panels, solar regulators, inverters, and solar-powered lighting systems. These projects not only help in reducing emissions but also contribute to significant cost savings and energy resiliency.
Recent achievements highlight Ameresco's commitment to sustainability. The company was awarded a $47 million cleantech project in partnership with Memphis Light, Gas, and Water, recognized for its innovative, cost-effective, and sustainable design. Another notable project is the energy-efficient solar arrays installation, projected to generate 230 KW in collaboration with Wakefield Municipal Gas & Light Department.
Ameresco's financial performance remains robust with a reported revenue of $298.4 million for Q1 2024. The company maintains a strong project backlog exceeding $4 billion and operates over 750 MWe of energy assets. Ameresco continues to secure new projects such as the $33 million Energy Savings Performance Contract with the U.S. National Archives and Records Administration and the 300 MW battery energy storage project in the UK.
To learn more about the innovative projects and sustainable solutions offered by Ameresco, visit their website.
Ameresco (NYSE: AMRC) announced progress on two solar projects in North Ayrshire, Scotland, transforming former landfill sites into renewable energy sources. The Nethermains and Shewalton solar farms, developed with Detra Solar, will support North Ayrshire Council's goal of achieving net-zero carbon emissions by 2030.
The projects feature a combined DC capacity of 12.91 MW with 20,650 solar panels, generating approximately 13,177 MWh of clean energy annually—enough to power over 2,000 homes. The installation will reduce regional CO2 emissions by about 3,030 tonnes per year.
A notable challenge arose when badgers were discovered at the Nethermains site, requiring a redesign to protect their habitat. The projects will generate revenue for North Ayrshire Council through a Power Purchase Agreement (PPA) while supporting local employment. Both solar farms are scheduled to begin energy production in early 2024.
Ameresco (NYSE:AMRC), a leading cleantech integrator focused on energy efficiency and renewable energy, has scheduled its fourth quarter and full year 2024 financial results announcement for February 27, 2025, after market close.
The company will host an earnings conference call at 4:30 p.m. EDT the same day. Supplemental financial information will be provided via Form 8-K in the Investor Relations section of Ameresco's website. Participants can join the call using the following dial-in numbers: USA & Canada (Toll-Free): 1-888-596-4144, International: 1-646-968-2525, Conference ID: 4966851.
A live webcast will be available through the company's website, and an archived version will remain accessible for one year.
Ameresco (NYSE: AMRC) has secured a $183 million Energy Savings Performance Contract (ESPC) with the U.S. General Services Administration (GSA) to modernize the Denver Federal Center (DFC). The project aims to advance the facility's journey toward becoming a net-zero campus by 2045.
The comprehensive upgrade includes installation of 14.4 megawatts of ground-mount solar photovoltaic systems, 62.4 MMBtu/h of geothermal bores, and 20.1 MMBtu/h of electric heat pump capacity. These improvements will provide year-round heating and cooling across 13 buildings, replacing fossil fuel-fired equipment.
The project is expected to reduce grid-purchased energy use by 51% and fossil fuel consumption by 51.5%. It will achieve a 49% reduction in natural gas consumption and a 10% reduction in water usage. The modernized campus will serve as a pioneering model for sustainable technology adoption within the federal government, incorporating an Energy Sales Agreement that leverages tax credits for renewable energy.
Ameresco (NYSE: AMRC) has announced the successful divestiture of Applied Energy Group (AEG) to ICF at year-end. AEG, which employs over 100 utility management and demand-side energy experts, was sold to ICF, a global consulting and technology services provider.
The strategic move aligns with Ameresco's focus on streamlining operations and reinforcing its core business areas in energy efficiency, renewable energy, cost savings, resiliency, and decarbonization. According to CEO George Sakellaris, this divestiture will enable Ameresco to concentrate on growth opportunities within its target markets while ensuring the AEG team can continue to develop under ICF's portfolio of services.
ICF (NASDAQ:ICFI) has acquired Applied Energy Group (AEG) from Ameresco (NYSE:AMRC), expanding its utility and state & local government capabilities. AEG, with over 100 experts, provides integrated technology and advisory solutions for energy management, bringing a trusted platform that centralizes demand-side management programs.
AEG is projected to generate $30 million in annual revenue in 2024 with margins comparable to ICF's commercial energy business. The company expects revenue growth at a mid-teens rate in 2025, and the acquisition is expected to be immediately accretive to ICF's Non-GAAP EPS.
The acquisition aligns with ICF's strategy to extend capabilities in energy markets advisory and technology-enabled services. The companies have previously partnered on numerous utility management projects, and the integration aims to address energy challenges while creating revenue synergies.
Ameresco (NYSE: AMRC) has announced its support for the Ritenour School District Path to Trades (P2T) program, a two-year work-based learning initiative in Missouri. The program, which kicked off in October 2024, aims to provide high school students with exposure to construction trades careers, professional mentorship, and certifications.
The program includes OSHA 30 and First Aid/CPR certifications through Ameresco's sponsorship. Ten freshman students are selected annually to participate in quarterly trade site visits and mentor meetings. Ameresco is collaborating with local trade unions and companies, including IBEW Local 1 Electrical, Sheet Metal Workers Local 36, Enpaq, , and CMT Roofing. Students can pursue additional training at North Tech High School by their junior year, graduating with dual diplomas.
Ameresco (NYSE: AMRC) announced the SOLSTICE microgrid project in partnership with the City of Edmundston and Edmundston Energy. The project, valued at $8 million, will be the largest rooftop solar installation in the Atlantic region, featuring a 1 MW solar capacity combined with a 2 MWh battery energy storage system.
The installation will be located on the Jean-Daigle Centre and Sports Pavilion roofs, designed to offset approximately 360 metric tons of CO₂ annually. The system will provide backup power to essential community facilities and is scheduled to become operational in summer 2025. The project supports Edmundston's 2024-2028 Environmental Action Plan and creates local jobs while building renewable energy expertise within the community.
ComEd and Ameresco have inaugurated their 160th community solar project in northern Illinois, located at a former landfill in Belvidere. The project features two solar arrays spanning 34 acres with over 9,600 solar modules, generating 3.5 megawatts (MW) of power. Boone County is subscribing to 36% of the generated energy for its public facilities, while various commercial customers make up the remaining subscribers.
The project allows subscribers to earn credits on their electric bills and potentially reduce electricity costs by up to 10% annually. As part of Illinois' Climate and Equitable Jobs Act (CEJA), the project supports the state's goal of reaching 40% renewable energy by 2030 and 50% by 2040. The installation is particularly significant as Belvidere is an Equity Investment Eligible Community (EIEC), promoting workforce inclusion from equity eligible individuals.
Ameresco (NYSE: AMRC) and Republic Services (NYSE: RSG) announced the start of commercial operations at their joint venture landfill gas (LFG) to renewable natural gas (RNG) plant at Republic Services' Roxana Landfill in Edwardsville, Illinois. The facility, one of North America's largest, processes 6,000 SCFM of raw landfill gas and is expected to produce 1.4M Dekatherms annually.
The project will reduce CO2 emissions by over 82,000 metric tons yearly, equivalent to removing 5,000 passenger vehicles or the energy consumption of 2,500 homes. The RNG will be injected into Energy Transfer's natural gas pipeline, supporting Illinois' goal of achieving 40% renewable energy by 2030 and 100% clean energy by 2050.
Ameresco (NYSE: AMRC) announced a collaboration with UCI Health to install two solar photovoltaic arrays for the nation's first all-electric, zero-emission hospital campus. The project includes 1.4 MW capacity solar arrays expected to generate over 2.3 million kWh of clean energy in the first year, equivalent to powering 200 homes. Ameresco will handle design, engineering, financing, construction, and maintenance under a 25-year power purchase agreement (PPA). The medical campus, featuring a 144-bed acute care hospital, is set to open in 2025 and aims to achieve carbon neutrality with 100% clean energy.
FAQ
What is the current stock price of Ameresco (AMRC)?
What is the market cap of Ameresco (AMRC)?
What is Ameresco, Inc.?
What type of projects does Ameresco focus on?
Where is Ameresco headquartered?
What are some recent achievements of Ameresco?
How does Ameresco contribute to sustainability?
What kind of products does Ameresco provide?
How is Ameresco performing financially?
What is Ameresco's market presence?
Who are some of Ameresco's clients?
Where can I find more information about Ameresco?
