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Ameresco’s Ongoing Partnership with Northeastern University Now Includes a Campus-wide Steam System Replacement Project

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Ameresco, Inc. (NYSE: AMRC) announced a new project with Northeastern University to modernize the campus steam distribution system. This initiative is part of a broader effort to decarbonize the campus, enhance energy efficiency, and leverage renewable energy sources. The project involves replacing the older, less efficient low-pressure system with a high-pressure steam distribution system.

The first phase at Opera Place is already operational, while the second phase at Huntington Crossing is expected to be completed by August 2025. This upgrade aims to significantly reduce the university's carbon footprint while improving overall energy system efficiency. Ameresco also sponsored Northeastern University's 10th Annual Energy Conference, where their PV Construction Director discussed developing renewable energy projects.

Ameresco, Inc. (NYSE: AMRC) ha annunciato un nuovo progetto con la Northeastern University per modernizzare il sistema di distribuzione del vapore del campus. Questa iniziativa fa parte di un impegno più ampio per decarbonizzare il campus, migliorare l'efficienza energetica e sfruttare fonti di energia rinnovabile. Il progetto prevede la sostituzione del vecchio sistema a bassa pressione, meno efficiente, con un sistema di distribuzione del vapore ad alta pressione.

La prima fase in Opera Place è già operativa, mentre la seconda fase a Huntington Crossing dovrebbe essere completata entro agosto 2025. Questo aggiornamento mira a ridurre significativamente l'impronta di carbonio dell'università migliorando al contempo l'efficienza complessiva del sistema energetico. Ameresco ha anche sponsorizzato la 10a Conferenza Energetica Annuale della Northeastern University, dove il loro Direttore Costruzione PV ha discusso dello sviluppo di progetti di energia rinnovabile.

Ameresco, Inc. (NYSE: AMRC) anunció un nuevo proyecto con la Northeastern University para modernizar el sistema de distribución de vapor del campus. Esta iniciativa forma parte de un esfuerzo más amplio para descarbonizar el campus, mejorar la eficiencia energética y aprovechar fuentes de energía renovable. El proyecto implica reemplazar el antiguo sistema de baja presión, menos eficiente, por un sistema de distribución de vapor de alta presión.

La primera fase en Opera Place ya está operativa, mientras que se espera que la segunda fase en Huntington Crossing se complete para agosto de 2025. Esta actualización tiene como objetivo reducir significativamente la huella de carbono de la universidad mientras se mejora la eficiencia general del sistema energético. Ameresco también patrocinó la 10ª Conferencia Anual de Energía de la Northeastern University, donde su Director de Construcción PV habló sobre el desarrollo de proyectos de energía renovable.

Ameresco, Inc. (NYSE: AMRC)는 Northeastern University와 함께 캠퍼스 증기 배급 시스템을 현대화하는 새로운 프로젝트를 발표했습니다. 이 이니셔티브는 캠퍼스를 탈탄소화하고, 에너지 효율성을 향상시키며, 재생 가능 에너지원 활용을 위한 더 큰 노력의 일부입니다. 이 프로젝트는 오래되고 효율성이 떨어지는 저압 시스템을 고압 증기 분배 시스템으로 교체하는 것을 포함합니다.

Opera Place의 첫 번째 단계는 이미 운영 중이며, Huntington Crossing의 두 번째 단계는 2025년 8월까지 완료될 것으로 예상됩니다. 이 업그레이드는 대학의 탄소 발자국을 크게 줄이면서 에너지 시스템의 전반적인 효율성을 개선하는 것을 목표로 하고 있습니다. Ameresco는 또한 Northeastern University의 제10회 연례 에너지 회의를 후원하며, 그곳에서 PV 건설 이사가 재생 가능 에너지 프로젝트 개발에 대해 이야기했습니다.

Ameresco, Inc. (NYSE: AMRC) a annoncé un nouveau projet avec l'Université Northeastern pour moderniser le système de distribution de vapeur du campus. Cette initiative fait partie d'un effort plus large pour décarboniser le campus, améliorer l'efficacité énergétique et exploiter des sources d'énergie renouvelable. Le projet implique le remplacement de l'ancien système à basse pression, moins efficace, par un système de distribution de vapeur à haute pression.

La première phase à Opera Place est déjà opérationnelle, tandis que la deuxième phase à Huntington Crossing devrait être achevée d'ici août 2025. Cette mise à niveau vise à réduire significativement l'empreinte carbone de l'université tout en améliorant l'efficacité globale du système énergétique. Ameresco a également sponsorisé la 10e Conférence Annuelle sur l'Énergie de l'Université Northeastern, où leur Directeur de Construction PV a discuté du développement de projets d'énergie renouvelable.

Ameresco, Inc. (NYSE: AMRC) kündigte ein neues Projekt mit der Northeastern University zur Modernisierung des Dampferzeugungssystems des Campus an. Diese Initiative ist Teil eines umfassenderen Anliegens, den Campus zu dekarbonisieren, die Energieeffizienz zu steigern und erneuerbare Energiequellen zu nutzen. Das Projekt umfasst den Austausch des älteren, weniger effizienten Niederdrucksystems durch ein Hochdruckdampferzeugungssystem.

Die erste Phase in Opera Place ist bereits in Betrieb, während die zweite Phase in Huntington Crossing voraussichtlich bis August 2025 abgeschlossen sein wird. Dieses Upgrade zielt darauf ab, den CO2-Fußabdruck der Universität erheblich zu reduzieren und gleichzeitig die Gesamteffizienz des Energiesystems zu verbessern. Ameresco sponserte auch die 10. jährliche Energie-Konferenz der Northeastern University, wo ihr PV-Bau-Direktor die Entwicklung von Projekten zur erneuerbaren Energie erörterte.

Positive
  • Ongoing partnership with Northeastern University for campus energy modernization
  • Implementation of high-pressure steam distribution system to improve efficiency
  • Project aligns with university's sustainability goals and Boston's clean energy transition
  • First phase of the project at Opera Place already completed and operational
Negative
  • None.

Insights

This steam system replacement project at Northeastern University represents a significant upgrade to campus energy infrastructure. The shift from a low-pressure to a high-pressure steam distribution system is a major technical improvement that will enhance energy efficiency and reliability. This modernization lays the groundwork for future decarbonization efforts, potentially allowing for easier integration of renewable energy sources or low-carbon heating technologies. The phased approach, with completion expected by 2025, indicates a well-planned, long-term strategy for campus energy transformation. While the immediate impact on Ameresco's financials may be , such projects strengthen the company's position in the higher education market and showcase its expertise in complex energy system upgrades.

This EPC project will modernize campus steam system, reducing its carbon footprint and enhancing energy efficiency

FRAMINGHAM, Mass.--(BUSINESS WIRE)-- Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced a new project as part of its ongoing collaboration with Northeastern University. The project will modernize the university’s steam distribution system as part of a broader effort to decarbonize the campus, enhance energy efficiency, and leverage renewable energy sources.

As part of this modernization, Ameresco will replace Northeastern’s aging district energy system, implementing a high-pressure steam distribution system to replace the older, less efficient low-pressure system. This upgrade positions Northeastern University with options to significantly reduce its carbon footprint while improving the overall efficiency of its campus energy systems and providing continuity to the campus community.

“We’re excited to continue our strong partnership with Northeastern University,” said Peter Christakis, Executive Vice President at Ameresco. “By modernizing the steam distribution system, Northeastern University is positioned to significantly reduce its carbon footprint while improving the overall efficiency of its campus energy systems that will benefit generations to come.”

The project’s first phase at Opera Place has already been completed and is operational, while the second phase at Huntington Crossing is expected to be finished by August 2025. The project includes the installation of a high-pressure steam distribution system that will facilitate the university’s transition to a more energy-efficient and reliable infrastructure.

The partnership underscores Northeastern University’s dedication to advancing sustainability and resilience through innovative energy solutions, aligning with their broader goal of creating a sustainable future for their campus community and be a part of Boston’s larger clean energy transition.

In line with this commitment, Ameresco proudly sponsored the Annual Northeastern University Energy Systems Society’s 10th Annual Energy Conference on September 27, 2024. At the event, Ameresco’s PV Construction Director, Michael Williamson, delivered an insightful talk on “Developing Renewable Energy Projects.” The panel discussion focused on the significant energy transformation over the past decade, reflecting on past achievements and looking forward to future advancements in the field.

For more information about Ameresco and its renewable 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 new or completed customer project contracts is not necessarily indicative of the timing or amount of revenue from such contracts, of Ameresco’s overall revenue for any particular period or of trends in Ameresco’s overall total project backlog. These projects were included in Ameresco’s previously reported contracted backlog as of June 30, 2024.

Media:

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

Source: Ameresco, Inc.

FAQ

What is the main focus of Ameresco's new project with Northeastern University?

Ameresco's new project with Northeastern University focuses on modernizing the campus steam distribution system, replacing the older low-pressure system with a high-pressure steam distribution system to enhance energy efficiency and reduce the carbon footprint.

When is the second phase of Ameresco's project at Northeastern University expected to be completed?

The second phase of Ameresco's project at Northeastern University, located at Huntington Crossing, is expected to be completed by August 2025.

How does the steam system replacement project benefit Northeastern University?

The steam system replacement project benefits Northeastern University by significantly reducing its carbon footprint, improving overall energy system efficiency, and positioning the university for a more sustainable future while providing continuity to the campus community.

What event did Ameresco (AMRC) sponsor related to Northeastern University's energy initiatives?

Ameresco sponsored the Annual Northeastern University Energy Systems Society's 10th Annual Energy Conference on September 27, 2024, where their PV Construction Director discussed developing renewable energy projects.

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