Ameresco Strengthens Long-Term Partnership with Reed College through $11M Contract for Campus Energy Infrastructure Upgrades
Ameresco (NYSE: AMRC) has secured an $11 million design-build contract with Reed College for comprehensive mechanical, electrical, and seismic upgrades to the college's boiler plant. This project is part of a larger initiative that includes a $2.3 million infrastructure design contract and a $1.8 million lighting upgrade, bringing the total ongoing work value to over $15 million.
The partnership builds upon a previous $5.4 million campus-wide efficiency project completed a decade ago, which generated over $250,000 in annual energy cost savings. The current upgrades are aligned with Reed College's master plan to fully decarbonize the campus and enhance energy efficiency.
The comprehensive project demonstrates Ameresco's continued commitment to providing sustainable energy solutions while strengthening its long-term relationship with Reed College. The initiative aims to improve campus infrastructure, reduce environmental impact, and ensure safe and comfortable learning environments.
Ameresco (NYSE: AMRC) ha ottenuto un contratto di progettazione e costruzione del valore di 11 milioni di dollari con il Reed College per aggiornamenti meccanici, elettrici e sismici completi della centrale termica del college. Questo progetto fa parte di un'iniziativa più ampia che include un contratto di progettazione infrastrutturale da 2,3 milioni di dollari e un aggiornamento dell'illuminazione da 1,8 milioni di dollari, portando il valore totale dei lavori in corso a oltre 15 milioni di dollari.
La partnership si basa su un precedente progetto di efficienza di 5,4 milioni di dollari realizzato dieci anni fa, che ha generato oltre 250.000 dollari di risparmi annuali sui costi energetici. Gli attuali aggiornamenti sono in linea con il piano maestro del Reed College per decarbonizzare completamente il campus e migliorare l'efficienza energetica.
Il progetto completo dimostra l'impegno continuo di Ameresco nel fornire soluzioni energetiche sostenibili, rafforzando nel contempo la sua relazione a lungo termine con il Reed College. L'iniziativa mira a migliorare le infrastrutture del campus, ridurre l'impatto ambientale e garantire ambienti di apprendimento sicuri e confortevoli.
Ameresco (NYSE: AMRC) ha conseguido un contrato de diseño y construcción de 11 millones de dólares con el Reed College para realizar mejoras mecánicas, eléctricas y sísmicas en la planta de calderas del colegio. Este proyecto forma parte de una iniciativa más amplia que incluye un contrato de diseño de infraestructura de 2,3 millones de dólares y una actualización de iluminación de 1,8 millones de dólares, llevando el valor total del trabajo en curso a más de 15 millones de dólares.
La asociación se basa en un proyecto de eficiencia de 5,4 millones de dólares realizado hace una década, que generó más de 250.000 dólares en ahorros anuales en costos de energía. Las mejoras actuales están alineadas con el plan maestro del Reed College para descarbonizar completamente el campus y mejorar la eficiencia energética.
El proyecto integral demuestra el compromiso continuo de Ameresco de proporcionar soluciones energéticas sostenibles, al tiempo que fortalece su relación a largo plazo con el Reed College. La iniciativa busca mejorar la infraestructura del campus, reducir el impacto ambiental y asegurar entornos de aprendizaje seguros y cómodos.
Ameresco (NYSE: AMRC)는 Reed College와 함께 대학의 보일러 플랜트에 대한 종합적인 기계, 전기 및 내진 업그레이드를 위한 1,100만 달러 규모의 설계-건설 계약을 체결했습니다. 이 프로젝트는 230만 달러 규모의 인프라 설계 계약 및 180만 달러 규모의 조명 업그레이드를 포함하는 더 큰 이니셔티브의 일환으로, 진행 중인 총 작업 가치는 1,500만 달러를 초과합니다.
이 파트너십은 10년 전에 완료된 540만 달러 규모의 캠퍼스 전체 효율성 프로젝트를 기반으로 하며, 연간 25만 달러 이상의 에너지 비용 절감을 가져왔습니다. 현재의 업그레이드는 Reed College의 마스터 플랜과 일치하여 캠퍼스를 완전히 탈탄소화하고 에너지 효율성을 향상시키는 것을 목표로 하고 있습니다.
이 종합 프로젝트는 지속 가능한 에너지 솔루션을 제공하기 위한 Ameresco의 지속적인 헌신을 보여주며, Reed College와의 장기적인 관계를 강화합니다. 이 이니셔티브는 캠퍼스 인프라를 개선하고 환경 영향을 줄이며 안전하고 편안한 학습 환경을 보장하는 것을 목표로 하고 있습니다.
Ameresco (NYSE: AMRC) a obtenu un contrat de conception-construction de 11 millions de dollars avec le Reed College pour des améliorations mécaniques, électriques et sismiques complètes de la centrale thermique du collège. Ce projet fait partie d'une initiative plus large qui comprend un contrat de conception d'infrastructure de 2,3 millions de dollars et une mise à niveau de l'éclairage de 1,8 million de dollars, portant la valeur totale des travaux en cours à plus de 15 millions de dollars.
Le partenariat s'appuie sur un précédent projet d'efficacité de 5,4 millions de dollars achevé il y a dix ans, qui a généré plus de 250 000 dollars d'économies annuelles sur les coûts énergétiques. Les améliorations actuelles sont en accord avec le plan directeur du Reed College visant à décarboniser complètement le campus et à améliorer l'efficacité énergétique.
Ce projet complet démontre l'engagement continu d'Ameresco à fournir des solutions énergétiques durables tout en renforçant sa relation à long terme avec le Reed College. L'initiative vise à améliorer l'infrastructure du campus, réduire l'impact environnemental et garantir des environnements d'apprentissage sûrs et confortables.
Ameresco (NYSE: AMRC) hat einen Design-Bau-Vertrag im Wert von 11 Millionen Dollar mit dem Reed College abgeschlossen, um umfassende mechanische, elektrische und seismische Aufrüstungen der Heizungsanlage des Colleges durchzuführen. Dieses Projekt ist Teil einer größeren Initiative, die einen Infrastruktur-Designvertrag über 2,3 Millionen Dollar und ein Beleuchtungsupgrade über 1,8 Millionen Dollar umfasst, wodurch der Gesamtwert der laufenden Arbeiten auf über 15 Millionen Dollar steigt.
Die Partnerschaft baut auf einem früheren Effizienzprojekt im Wert von 5,4 Millionen Dollar auf, das vor einem Jahrzehnt abgeschlossen wurde und jährlich über 250.000 Dollar an Energiekosteneinsparungen generierte. Die aktuellen Aufrüstungen stehen im Einklang mit dem Masterplan des Reed College, den Campus vollständig zu dekarbonisieren und die Energieeffizienz zu verbessern.
Das umfassende Projekt zeigt das fortwährende Engagement von Ameresco, nachhaltige Energielösungen bereitzustellen und gleichzeitig die langfristige Beziehung zum Reed College zu stärken. Die Initiative zielt darauf ab, die Infrastruktur des Campus zu verbessern, die Umweltbelastung zu reduzieren und sichere sowie komfortable Lernumgebungen zu gewährleisten.
- Secured new $11M design-build contract
- Total ongoing projects value exceeds $15M
- Previous project delivered $250,000 annual energy cost savings
- Expanding long-term relationship with existing client
- None.
Insights
Ameresco's new
The Reed College engagement demonstrates Ameresco's sticky business model - starting with a
Most notably, this project represents a key step in Reed College's decarbonization master plan, positioning Ameresco in the higher-margin sustainability solutions space rather than just routine infrastructure maintenance. The boiler plant upgrade specifically targets mechanical, electrical and seismic improvements - addressing both operational efficiency and regulatory compliance needs.
This contract win reinforces Ameresco's competitive position in the educational sector, where institutions face increasing pressure to modernize aging infrastructure while simultaneously reducing carbon footprints. By demonstrating measurable results with Reed College (
Project will Deliver Extensive Infrastructure Upgrades across Campus to Ensure Safe and Comfortable Learning Environments while Promoting Sustainability
Ameresco and Reed College continue their collaboration to provide infrastructure improvements for a more sustainable and efficient campus
This critical project is in addition to an existing
The comprehensive upgrades aim to improve energy efficiency, reduce environmental impact, and provide long-term benefits to the college community. Reed College continues to prioritize projects that align with its institutional goals and environmental stewardship.
"We are thrilled to continue our partnership with Reed College and support their commitment to sustainability and energy efficiency," said Lou Maltezos, President of Central &
Reed College's collaboration with Ameresco dates back to a
“The central plant upgrade will not only deliver additional cost savings but also enhance energy efficiency and infrastructure, marking a significant milestone in our commitment to sustainable campus energy management," said Steve Yeadon, Executive Director of Facilities Operations at Reed College. "These improvements reflect our dedication to creating a more sustainable and efficient campus environment and reduce our impact on greenhouse gases.”
As Ameresco and Reed College continue to work together, the focus remains on delivering innovative energy solutions that not only benefit the college but also contribute to their broader sustainability goals. This partnership aims to reduce the college’s energy use and maximize equipment life, exemplifying the commitment to creating a more efficient future for all.
To learn more about the energy efficiency solutions offered by Ameresco, visit www.ameresco.com/energy-efficiency/.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading energy 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 diversified generation solutions to Federal, state and local governments, utilities, educational and healthcare institutions, housing authorities, and commercial and industrial customers. Headquartered in
About Reed College
Founded in 1908 in southeast
Reed College is devoted to the intrinsic value of intellectual pursuit and governed by the highest standards of scholarly practice, critical thought, and creativity. Its undergraduate program of study, leading to the degree of Bachelor of Arts, is demanding and intense and balances breadth of knowledge across the curriculum with depth of knowledge in a particular field of study. The goal of the Reed education is that students learn and demonstrate rigor and independence in their habits of thought, inquiry, and expression.
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 awarded backlog as of December 31, 2024.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250409240634/en/
Media:
Ameresco: Leila Dillon, 508-661-2264, news@ameresco.com
Source: Ameresco, Inc.
FAQ
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