STOCK TITAN

Joint Base McGuire-Dix-Lakehurst Partners with Ameresco for Resilient, Secure and Sustainable Cleantech Project

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary

Ameresco, Inc. (NYSE: AMRC) has announced a $140 million project to enhance mission-critical energy infrastructure at Joint Base McGuire-Dix-Lakehurst (JBMDL). The project includes a $92 million second phase, adding on-site solar power and energy efficiency measures following an initial $48 million task order in 2021. Key components involve deploying 32 megawatts of solar PV, a 2MW/4MWh battery energy storage system, and retrofitting over 90,000 LED fixtures, resulting in an expected $4.7 million in annual energy savings.

Positive
  • The project aims for more than $4.7 million in annual energy savings for JBMDL.
  • Total solar PV capacity will amount to 32 megawatts, one of the largest federal site installations.
  • The initiative includes advanced energy conservation measures, reducing total energy usage by 22%.
Negative
  • None.

The $140 million project is designed to enhance the JBMDL mission capability and resiliency through critical energy infrastructure additions and upgrades

FRAMINGHAM, Mass. & TRENTON, N.J.--(BUSINESS WIRE)-- Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced a continuation of a longstanding partnership with Joint Base McGuire-Dix-Lakehurst (JBMDL) to provide mission-critical energy infrastructure updates at the joint base. Defense Logistics Agency (DLA) Energy executed a comprehensive $92 million second phase designed to add more onsite solar power, energy efficiency measures, and infrastructure upgrades to an initial $48 million task order issued in 2021 for on-site solar generation. The project will both support JBMDL’s goals to enhance their mission through energy assurance and advance the Climate Smart Building Initiative. The Climate Smart Buildings Initiative is a federal government program, announced earlier this month, focused on leveraging energy performance contracting to achieve emission reduction and accelerate the clean energy transition.

Ameresco has served as an energy services provider to JBMDL for more than a decade, completing an initial ESPC project at the base in 2012 and supporting operations and maintenance (O&M) on the systems since their completion. Ameresco is now kicking off implementation of a range of additional energy conservation measures (ECMs) focused on energy efficiency, additional on-site solar generation, battery storage technology, and a new microgrid controls system.

The total solar photovoltaic (PV) capacity to be deployed amounts to 32 megawatts (MW)—one of the largest solar PV installations that Ameresco has installed at a federal site. Ameresco is also installing a 2MW/4MWh battery energy storage system (BESS) and integrating the solar, storage, and backup generation assets within the new microgrid. The pairing of distributed energy generation systems with BESS and microgrid controls is designed to assure the base’s access to uninterrupted power in support of JBMDL’s critical missions.

“We are incredibly excited to expand our already robust partnership with the team at Joint Base McGuire-Dix-Lakehurst,” said Nicole Bulgarino, Executive Vice President of Federal Solutions at Ameresco. “We’re eager to get started on the integration of advanced clean technologies to create a more resilient and sustainable energy future for the base and deliver a project that meets the installation’s mission requirements while also advancing the Climate Smart Building Initiative.”

In addition to the integration of distributed energy resources and microgrid controls, the project is designed to achieve energy demand reductions through more than 90,000 LED fixture retrofits, wireless streetlighting controls, and advanced interior lighting controls. Overall, the Phase 2 ECMs are designed to generate more than $4.7 million in annual energy savings for JBMDL, a total energy usage reduction of 22%.

The Phase 2 construction is scheduled to begin shortly and reach completion in early 2025.

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 energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and Europe. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, 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 the company’s overall revenue for any particular period or of trends in the company’s overall total project backlog. This project was included in our previously reported awarded backlog as of June 30, 2022.

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

Source: Ameresco, Inc.

FAQ

What is the total project value announced by Ameresco for JBMDL?

Ameresco announced a total project value of $140 million for JBMDL.

What are the expected annual energy savings from the project at JBMDL?

The project is expected to generate over $4.7 million in annual energy savings for JBMDL.

When will the Phase 2 construction at JBMDL be completed?

The Phase 2 construction is scheduled for completion in early 2025.

How much solar PV capacity will Ameresco deploy at JBMDL?

Ameresco will deploy 32 megawatts of solar photovoltaic capacity at JBMDL.

What innovative systems will be integrated into the JBMDL project?

The project will integrate a battery energy storage system and a microgrid controls system.

Ameresco, Inc.

NYSE:AMRC

AMRC Rankings

AMRC Latest News

AMRC Stock Data

1.37B
31.93M
7.16%
100.14%
6.62%
Engineering & Construction
Construction - Special Trade Contractors
Link
United States of America
FRAMINGHAM