Ameresco Modernizes Energy Infrastructure Across Mount Sinai School District

Key Terms

energy performance contract financial

An energy performance contract is a long-term agreement where a specialist upgrades a building or facility to cut energy use and is paid from the resulting utility bill savings, often with guaranteed targets. Think of it like hiring a contractor to renovate a house and agreeing that the contractor will be paid out of the lower energy bills over time. For investors, these contracts can improve predictable cash flow, reduce operating costs, and shift upfront capital and performance risk to the contractor.

direct digital controls technical

Direct digital controls (DDC) are computerized systems that use digital processors and sensors to monitor and manage building functions such as heating, cooling, ventilation and lighting. For investors, DDCs matter because they directly affect a property’s operating costs, energy efficiency and maintenance needs—similar to how a smartphone centralizes and automates many household tasks, DDCs can reduce bills, extend equipment life and influence capital spending and valuation.

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Solar PV (solar photovoltaic) describes panels or systems that convert sunlight directly into electricity using semiconductor materials. For investors, it matters because solar PV is a primary way companies and utilities generate renewable power, affecting revenue, capital spending, project returns and exposure to policy incentives or cost changes—similar to how a factory’s machines determine its output and profitability.

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Greenhouse gas emissions are the gases a company releases into the air—like carbon dioxide or methane—that trap heat in the atmosphere and contribute to global warming. For investors, these emissions matter because they can lead to higher regulatory costs, fines, shifting consumer preferences, and physical risks (like supply-chain disruptions), or create opportunities in low-carbon products; think of emissions as a company’s climate footprint that can affect future profits and value.

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Spanning three schools, the initiative will modernize aging facilities, create long-term cost savings, and offer STEM learning opportunities for students

FRAMINGHAM, Mass. & MOUNT SINAI, N.Y.--(BUSINESS WIRE)-- Ameresco, Inc., (NYSE: AMRC), a leading energy infrastructure solutions provider, today announced a comprehensive energy infrastructure project across the Mount Sinai School District in New York, including nine measures designed to replace aging building systems, reduce operating costs, and support a more resilient energy future for the district and its students.

Ameresco and Mount Sinai School District partner on a comprehensive energy infrastructure project across three schools, modernizing aging facilities, reducing operating costs, and creating new STEM learning opportunities for students.

The project, valued at over $10M, includes full LED lighting replacements, upgraded energy management systems with direct digital controls, replacement of existing transformers with high-efficiency transformers, rooftop solar PV arrays at each school, and a fuel oil to natural gas conversion at the district's elementary school. Structured as an energy performance contract, the project began in May 2026 and is targeted for completion by the end of 2027.

“This partnership reflects the Mount Sinai School District’s ongoing commitment to maintaining safe, efficient, and modern learning environments for our students while being responsible stewards of taxpayer resources,” said Dr. Christine Criscione, Superintendent of Schools. “Through these upgrades, we are investing in our facilities, improving operational efficiency, and creating opportunities for students to connect with real-world energy and sustainability initiatives for years to come.”

Key outcomes of the project include:

• Updated energy infrastructure across three schools on the north shore of Long Island, addressing outdated systems, cutting long-term operating costs, and reducing greenhouse gas emissions
• Significant expected savings over the project term, calculated according to New York State Education Department guidelines, supporting the district's financial and operational goals
• STEM programming, giving technology teachers and students hands-on experience with live energy data from the installed systems, while also exposing students to career opportunities in both engineering and the installation trades

"Mount Sinai School District is taking a thorough approach to energy infrastructure that will benefit its students and community for decades," said Louis Maltezos, Co-President of Ameresco. "By blending operational upgrades with educational components, this project creates real, lasting value in the classroom and throughout the district's facilities."

To learn more about Ameresco’s energy infrastructure solutions for K-12 schools, visit https://www.ameresco.com/customers/k-12-schools/.

About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading energy infrastructure solutions provider dedicated to helping customers reduce costs, enhance resilience, and decarbonize to net zero in the global energy transition. Our comprehensive portfolio includes implementing smart energy efficiency solutions, upgrading aging infrastructure, and developing, constructing, and operating distributed energy resources. As a trusted full-service partner, Ameresco shows the way by reducing energy use and delivering energy infrastructure solutions to Federal, state and local governments, utilities, data centers, educational and healthcare institutions, housing authorities, and commercial and industrial customers. Headquartered 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 entry into a project contract is not necessarily indicative of the timing or amount of revenue from such contract, of Ameresco’s overall revenue for any particular period or of trends in Ameresco’s overall total project backlog. This project was included in Ameresco’s previously reported contracted backlog as of March 31, 2025.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260617655010/en/

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

Source: Ameresco, Inc.