Ameresco Awarded New Streetlighting Retrofit Pilot Project for the City of New Orleans

Rhea-AI Summary

Ameresco (NYSE: AMRC) has secured approval for a streetlight technology pilot project in New Orleans, focusing on modernizing the city's lighting infrastructure. The project involves retrofitting 56 existing streetlight fixtures with LED equivalents and smart city technology near the Superdome.

The implementation includes the installation of Ubicquia's UbiCell® lighting management system with 47 UbiCells® and 16 UbiHub® smart city devices, alongside TerraGo's Smart City operations software platform. The system will provide real-time vehicle and pedestrian analytics through camera monitoring systems to enhance public safety.

Ameresco brings significant experience in smart city technology, having implemented smart controls on over 62% of 600,000+ LED streetlights to date. The pilot aims to serve as a blueprint for broader implementation across New Orleans, supporting the city's goals of improved safety and accessibility during major events.

Positive

• Secured new pilot project contract with the City of New Orleans
• Potential for expansion across the entire city if pilot successful
• Demonstrates company's strong position in smart city solutions with 62% of 600,000+ LED streetlights under management

Negative

• initial scope of only 56 streetlight fixtures
• Project is only a pilot, with no guaranteed full-scale implementation

Insights

Smart City Infrastructure Analyst

While this 56-fixture pilot project appears modest in scale, its strategic significance for Ameresco extends beyond the immediate implementation. The company's selection for this high-profile deployment adjacent to the Superdome positions them advantageously in the rapidly expanding smart city infrastructure market, estimated to reach $671 billion by 2030.

The project showcases Ameresco's sophisticated integration capabilities, combining LED technology with advanced analytics. The inclusion of pedestrian and vehicle monitoring systems represents a important differentiator, as cities increasingly prioritize data-driven decision-making for public safety and resource allocation. This aligns with Ameresco's existing portfolio, where 62% of their 600,000+ LED streetlights already incorporate smart controls.

The pilot's architecture offers three potential revenue streams:

• Initial infrastructure deployment
• Recurring revenue from ongoing management and maintenance
• Data analytics services and platform licensing

New Orleans' selection of Ameresco over competitors signals strong market validation, particularly given the city's high-profile events and tourism focus. The scalability of the Ubicquia platform, featuring rapid deployment capabilities, positions Ameresco favorably for potential city-wide expansion and similar implementations across other metropolitan areas.

The strategic partnership with TerraGo and Ubicquia enhances Ameresco's competitive moat in the smart city sector, offering a comprehensive solution that addresses both energy efficiency and public safety concerns. This integrated approach could accelerate adoption in other municipalities seeking proven, scalable smart city solutions.

Deploying intelligent LED streetlight will deliver operations savings and provide improved public safety

FRAMINGHAM, Mass. & NEW ORLEANS--(BUSINESS WIRE)-- Ameresco, Inc., (NYSE: AMRC), a leading energy solutions provider dedicated to helping customers navigate the energy transition, today announced the approval of their proposal for a streetlight technology pilot for the city of New Orleans. This pilot project aims to revolutionize the city's streetlighting infrastructure by integrating cutting-edge LED lights and smart city technology, enhancing energy efficiency and public safety.

For the pilot project, Ameresco will install and manage 56 existing city streetlight fixtures with LED equivalents with the support of its partners, Legacy Professional Services and AllStar Electric. The project’s scope includes Ubicquia UbiCell® lighting management system (LMS) with 47 UbiCells® and 16 Ubicquia UbiHub® smart city devices and the TerraGo Smart City operations software platform to deploy and manage all assets.

“As the city continues to attract millions of visitors for major events, we need to enhance and improve our public resources to make sure our city is safe and accessible for all,” said Gilbert Montaño, Chief Administrative Officer for the City of New Orleans. “We hope this pilot program, being installed adjacent to the Superdome, provides a blueprint for implementation across the city and allows us to provide valuable services like real-time vehicle and pedestrian analytics, and to monitor high traffic areas to maintain safety for our residents and visitors.”

This pilot project combines Ameresco’s years of implementation of smart city technology with leading technology developers like Ubicquia and TerraGo. Ameresco has been a leader in smart street lighting, with smart controls on more than 62% of 600,000 plus LED streetlights to-date and has helped cities to implement smart infrastructure technology to help monitor, maintain and improve their use of smart assets.

"Smart cities are the cities of the future, and this pilot project will showcase how cities can implement smart solutions that boost energy efficiency and public safety," said Louis Maltezos, President, Central & Western USA, Canada Regions, Ameresco. "We’re excited to work closely with the city of New Orleans and our partners to execute this innovative pilot project.”

“We're thrilled to partner with Ameresco on this project to support the city of New Orleans,” said Glenn DuBois, Vice President of Customer Experience for Ubicquia. “Our intelligent streetlight platforms allow the city to reduce the cost of operating streetlights and provide additional situational awareness in key areas like Caesars Superdome.”

"TerraGo is proud to continue our successful collaboration with Ameresco to help make New Orleans a smarter, more connected city," said Dave Basil, President & CEO of TerraGo. "Our partnership has already produced amazing energy savings, garnered industry awards, and transformed operations for leading smart cities around the world. We are confident the New Orleans program will be a resounding success, deliver meaningful results today, and establish a scalable foundation for the future."

The project will provide additional smart video analytics that allow the city to monitor pedestrian, bicycle and vehicle data via camera monitoring systems. These features will support increased public safety and ease of roll-out after the pilot project wraps up because Ubicquia’s platforms deploy in seconds and start to provide controls and valuable analytics instantly through its UbiVu® intelligent asset management system.

To learn more about the energy solutions offered by Ameresco, visit www.ameresco.com/energy-efficiency/.

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 a customer’s pilot project is not necessarily indicative of the timing or amount of revenue from such project, of the company’s overall revenue for any particular period or of trends in the company’s overall project revenue. This project was not included in our previously reported awarded or contracted backlog as of September 30, 2024.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250206322449/en/

Media Contact:

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

Source: Ameresco, Inc.

FAQ

What is the scope of Ameresco's (AMRC) New Orleans streetlight pilot project?

The pilot project includes retrofitting 56 streetlight fixtures with LED equivalents, installing 47 UbiCells® and 16 UbiHub® smart city devices, and implementing TerraGo's Smart City operations software platform near the Superdome.

What smart features will AMRC's New Orleans streetlight project include?

The project includes real-time vehicle and pedestrian analytics, camera monitoring systems, and smart lighting management capabilities through Ubicquia's UbiCell® system.

How many LED streetlights does Ameresco (AMRC) currently manage with smart controls?

Ameresco manages over 600,000 LED streetlights, with smart controls implemented on more than 62% of them.

What partners is Ameresco (AMRC) working with on the New Orleans project?

Ameresco is working with Legacy Professional Services, AllStar Electric, Ubicquia, and TerraGo on the New Orleans streetlight pilot project.