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Ameresco and U.S. Army Unveil Advanced Renewable Energy System at Fort Detrick

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Ameresco announced the completion of an advanced renewable energy system at Fort Detrick, Maryland, in partnership with the U.S. Army. This system includes a 6 MW/6 MWh battery energy storage system (BESS) integrated with an existing 18.6 MW solar energy facility. This integration enhances energy security, sustainability, and resiliency at the base while providing frequency regulation services to the local grid. The project signifies Ameresco's commitment to innovative energy solutions and aligns with the Army's goal of a sustainable and resilient energy future.

Positive
  • Completion of an advanced renewable energy system at Fort Detrick.
  • Integration of a 6 MW/6 MWh BESS with an existing 18.6 MW solar energy facility.
  • Enhances energy security, sustainability, and resiliency at the base.
  • Provides frequency regulation services to the local electric grid.
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Insights

The recently implemented 6 MW/6 MWh Battery Energy Storage System (BESS) at Fort Detrick marks a significant step forward for Ameresco and the U.S. Army in terms of energy efficiency and sustainability. The integration of this BESS with the pre-existing 18.6 MW solar energy facility is noteworthy. Not only does this enhance the facility's energy capacity, but it also contributes to frequency regulation services for the local grid. This means the system can help balance supply and demand, thereby improving grid stability. Importantly, this project boosts energy security for the Army installation by providing reliable power quality and mitigating unexpected power fluctuations.

In the short term, the successful activation and integration of the BESS reflects positively on Ameresco's capabilities in renewable energy solutions, potentially enhancing its market reputation and attracting new business opportunities. In the long term, the planned integration into a microgrid system could further establish Fort Detrick as a model for military energy independence and resilience. This could pave the way for similar projects across other military installations, presenting significant growth potential for Ameresco.

In terms of broader market implications, this project strengthens the narrative around the viability and necessity of renewable energy and energy storage solutions, which could have a bullish effect on the stock prices of companies operating within this sector.

From a financial perspective, Ameresco's involvement in this project aligns with its strategic focus on renewable energy and energy efficiency solutions. The activation of the BESS system at Fort Detrick has immediate positive implications for the company's revenue streams, bolstering its portfolio and showcasing its technical expertise. Such high-profile projects can also enhance Ameresco's visibility and credibility in the industry, potentially leading to an uptick in stock value.

Long-term revenue growth prospects are also strengthened by the potential for additional projects stemming from this successful implementation. Future integration of the system into a microgrid could open up further revenue channels, both from additional military contracts and from civilian applications in energy resilience and independence. Investors should watch for Ameresco’s continued ability to secure and successfully implement large-scale projects, which could significantly influence their financial performance and stock market standing.

While the financial benefits are clear, investors should also consider the execution risks associated with such complex projects. Any delays or technical issues could impact anticipated financial returns and stock performance.

This latest development at Fort Detrick is a strategic win for Ameresco, presenting a strong case for the growing market demand for integrated renewable energy solutions. The integration of the BESS with the existing solar facility exemplifies a comprehensive approach to energy sustainability and resilience. This could serve as a significant case study for other military and large-scale installations looking to achieve similar energy goals.

For retail investors, this project indicates Ameresco's strategic positioning in an expanding market. The successful completion and activation of this system could lead to increased market share in the renewable energy sector, particularly within the military and government segments. Moreover, the focus on potential future microgrid integration underscores a forward-looking approach that aligns with emerging trends and regulatory pushes for cleaner energy solutions.

However, it’s also essential to remain aware of the competitive landscape. As more players enter the renewable energy and storage market, Ameresco will need to continue to innovate and demonstrate its value proposition to maintain and grow its market position.

FRAMINGHAM, Mass. & FREDERICK, Md.--(BUSINESS WIRE)-- Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced the newly completed U.S. Army’s advanced renewable energy system at U.S. Army Installation Fort Detrick in Maryland. This event marks the culmination of efforts to enhance the base’s energy independence, sustainability, and potential for energy resiliency.

The Honorable Rachel Jacobson, the 17th Assistant Secretary of the U.S. Army for Installations, Energy and Environment (ASA(IE&E)) (left), Brigadier General Edward H. Bailey, Commanding General of the U.S. Army Medical Research and Development Command and Fort Detrick (center) and Nicole Bulgarino, Executive Vice President of Ameresco (right) celebrated the activation of the BESS. (Photo: Business Wire)

The Honorable Rachel Jacobson, the 17th Assistant Secretary of the U.S. Army for Installations, Energy and Environment (ASA(IE&E)) (left), Brigadier General Edward H. Bailey, Commanding General of the U.S. Army Medical Research and Development Command and Fort Detrick (center) and Nicole Bulgarino, Executive Vice President of Ameresco (right) celebrated the activation of the BESS. (Photo: Business Wire)

Ameresco’s energy asset activation is now live and features a 6 MW/6MWh battery energy storage system (BESS) that integrates seamlessly with an existing 18.6 MW (DC) solar energy facility, which has been operational since 2016. This integration not only boosts the facility’s capacity by providing frequency regulation services to the local electric grid but also enhances the overall energy security and sustainability of the installation by improving the power quality and correcting unintended fluctuations in generation.

“We’re proud to lead initiatives that not only bolster the U.S. Army’s energy security but also align with our commitment to consistently deliver the most innovative and vendor neutral energy solutions,” said Nicole Bulgarino, Executive Vice President of Ameresco. “This project at Fort Detrick is a steppingstone towards future developments, including potential integration into a microgrid system, which will provide further essential backup power and support the Army’s mission-critical operations during potential outages.”

“The Army and industry partners like Ameresco share a common vision to create a sustainable, resilient, and clean energy future,” said the Assistant Secretary of the Army for Installations, Energy and Environment, Honorable Rachel Jacobson. “The 6 MW/h energy storage system we are inaugurating at Fort Detrick complements the existing 18.6 MW (DC) solar installation and exemplifies cutting edge innovation and the success of partnerships. This win-win outcome benefits the Army, local Maryland communities, and many other stakeholders.”

The Fort Detrick facility is a key U.S. Installation Management Command installation (IMCOM) encompassing a 1,200-acre campus. It supports a broad spectrum of government agencies and military services including the Defense Health Agency, Space Force, U.S. Army Medical Research and Development Command, and the 21st Signal Brigade. Fort Detrick has been an integral part of the community since its establishment and continues to be a hub for significant scientific and medical advancements, which it will now continue with the support of its new BESS activation.

Today, a ribbon-cutting ceremony was held to celebrate the activation of the BESS. The event took place at the U.S. Army Garrison Fort Detrick's Area B Solar Field. Key attendees included Robert Hughes, Executive Director of the U.S. Army Office of Energy Initiatives, the Honorable Rachel Jacobson, the 17th Assistant Secretary of the U.S. Army for Installations, Energy and Environment (ASA(IE&E)), and representatives from Ameresco. The ceremony was hosted by Brigadier General Edward H. Bailey, Commanding General of the U.S. Army Medical Research and Development Command and Fort Detrick.

For additional information on Ameresco and its energy solutions, visit www.ameresco.com.

About Ameresco, Inc.

Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes solutions that help customers reduce costs, decarbonize to net zero, and build energy resiliency while leveraging smart, connected technologies. From implementing energy efficiency and infrastructure upgrades to developing, constructing, and operating distributed energy resources – we are a trusted sustainability partner. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, utilities, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,500 employees providing local expertise in North America and Europe. For more information, visit www.ameresco.com.

The announcement of Ameresco’s completion of a renewable energy asset project is not necessarily indicative of the timing or amount of revenue from such arrangement, of the company’s overall revenue for any particular period or of trends in the company’s overall total assets in development or operation. This project was included in our previously reported assets in operation as of March 31, 2024.

Media Contact:

Ameresco: Leila Dillon, 508-661-2264, news@ameresco.com

Source: Ameresco, Inc.

FAQ

What is the new renewable energy system at Fort Detrick?

The new system includes a 6 MW/6 MWh battery energy storage system (BESS) integrated with an existing 18.6 MW solar energy facility.

How does the new energy system benefit Fort Detrick?

The system enhances energy security, sustainability, and resiliency at the base while providing frequency regulation services to the local electric grid.

When was the new energy system at Fort Detrick announced?

The completion of the new renewable energy system at Fort Detrick was announced recently in a press release.

What is the capacity of the new battery energy storage system at Fort Detrick?

The capacity of the new battery energy storage system is 6 MW/6 MWh.

Which companies partnered for the renewable energy project at Fort Detrick?

Ameresco partnered with the U.S. Army for the renewable energy project at Fort Detrick.

What is the stock symbol for Ameresco?

The stock symbol for Ameresco is AMRC.

Ameresco, Inc.

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