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Oakwood School District Partners with Ameresco on Facility Addition
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
partnership
Rhea-AI Summary
Ameresco (NYSE:AMRC) has partnered with Oakwood School District to construct an addition to Oakwood Grade School, breaking ground on a new facility aimed at enhancing learning environments for students and staff. The project addresses needs of aging facilities and will transition students to a new wing with improved technology and resources. The existing Junior High will be closed, leading to energy savings by utilizing efficient systems in the new space. Completion is expected by Summer 2022, with funding supported by ESSER funds.
Positive
Partnership with Oakwood School District for facility construction.
Project aims to enhance learning environments through improved technology.
Expected energy savings from new efficient building systems.
Negative
None.
Oakwood School District broke ground on the future Oakwood Junior High facility, to provide enhanced learning and working environment for students and staff.
FRAMINGHAM, Mass. & OAKWOOD, Ill.--(BUSINESS WIRE)--
Ameresco, Inc., (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced their partnership with Oakwood School District to construct an addition on the Oakwood Grade School building.
Oakwood School District announced partnership with cleantech integrator, Ameresco, and broke ground on the future Oakwood Junior High facility, to provide enhanced learning and working environment for students and staff. (Photo: Business Wire)
Oakwood School District selected Ameresco to address the needs of their aging facilities and construct the build-out to provide an enhanced learning environment for staff and students. Upon project completion, all Oakwood Junior High students and staff will move to the new wing, added to the Oakwood Grade School building, where more technology and resources will be available to them. The existing Junior High building will be closed (except for the use of the gym as necessary), allowing the existing, aged building systems to be shut down, which provides the district energy savings through the use of new, more efficient building systems in the new wing.
Superintendent Larry Maynard stated that “Through the use of our ESSER Funds we have begun the process of consolidating the junior high with our grade school as a means to enhance the educational opportunities and resources for student growth.”
“We commend Oakwood School District for taking steps to improve the working and learning environment for their staff and students,” said Lou Maltezos, EVP at Ameresco. “We are proud to be their implementation partner for these infrastructure upgrades.”
Groundbreaking on the project took place yesterday, with participation from the Oakwood School District Superintendent and the Board of Education. The project is expected to be complete in Summer 2022.
The Oakwood School District serves the communities of Oakwood, Fithian, and Muncie. We are a small rural PK - 12 school district serving approximately 900 students and located right off of Interstate 74 close to Champaign and Danville, Illinois. Our district is equipped with technology devices for every student and the Illinois Report Card has rated our schools as commendable the past several years.
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 the United Kingdom. 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 the United Kingdom. For more information, visit www.ameresco.com.
The announcement of a customer’s award of or 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 September 30, 2021.
Ameresco has partnered with Oakwood School District to construct an addition to the Oakwood Grade School for improved student and staff learning environments.
When did Ameresco break ground on the new facility?
Ameresco broke ground on the new facility on December 1, 2021.
What are the expected benefits of the new Oakwood Junior High facility?
The new facility will provide enhanced learning environments, improved technology, and energy savings from efficient building systems.
When is the completion date for the new Oakwood Junior High project?
The project is expected to be completed by Summer 2022.
How is the Oakwood Junior High project being funded?
