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Ameresco, Inc. (NYSE: AMRC) is a pioneering, comprehensive energy efficiency and renewable energy company. With headquarters in Framingham, Massachusetts, Ameresco operates across North America and Europe. Founded in 2000, Ameresco offers a wide array of solutions aimed at reducing costs, enhancing energy security, and shifting towards clean, renewable sources of power. The company is known for its energy audits, innovative engineering, and large-scale solar farms. Its projects span governmental, educational, utility, healthcare, and other institutional, commercial, and industrial entities.
Ameresco's core operations involve developing and managing energy efficiency solutions, utility-scale solar farms, and deep energy retrofits. The company's extensive portfolio includes solar energy products and systems such as PV panels, solar regulators, inverters, and solar-powered lighting systems. These projects not only help in reducing emissions but also contribute to significant cost savings and energy resiliency.
Recent achievements highlight Ameresco's commitment to sustainability. The company was awarded a $47 million cleantech project in partnership with Memphis Light, Gas, and Water, recognized for its innovative, cost-effective, and sustainable design. Another notable project is the energy-efficient solar arrays installation, projected to generate 230 KW in collaboration with Wakefield Municipal Gas & Light Department.
Ameresco's financial performance remains robust with a reported revenue of $298.4 million for Q1 2024. The company maintains a strong project backlog exceeding $4 billion and operates over 750 MWe of energy assets. Ameresco continues to secure new projects such as the $33 million Energy Savings Performance Contract with the U.S. National Archives and Records Administration and the 300 MW battery energy storage project in the UK.
To learn more about the innovative projects and sustainable solutions offered by Ameresco, visit their website.
Ameresco, Inc. (NYSE: AMRC) has announced the appointment of Charles R. Patton to its Board of Directors. Patton brings over 30 years of experience in corporate sustainability and public policy, previously serving as Executive Vice President at American Electric Power Company (NASDAQ: AEP) until July 2022. His expertise includes overseeing compliance and sustainability initiatives and managing customer service and regulatory affairs.
Patton expressed enthusiasm about joining Ameresco, emphasizing the company's potential as a leader in energy solutions aimed at achieving net zero goals. Chairman and CEO George P. Sakellaris highlighted Patton's unique perspective and strategic planning skills as valuable assets to the company's growth.
Ameresco, Inc. (NYSE: AMRC) has announced a partnership with St. John’s College in Santa Fe for a significant solar and energy efficiency project aimed at saving over
The project, fueled by a senior gift from the Class of 2019, will also enhance facility infrastructure through lighting retrofits, HVAC improvements, and water system upgrades. Ameresco's collaboration with St. John’s symbolizes a commitment to sustainability and innovation in energy efficiency.
Ameresco, Inc. (NYSE: AMRC) has formed a strategic alliance with Sunel Group to bid on renewable energy projects totaling over 1.5 GWp across the UK, Greece, Italy, Spain, and Romania.
The partnership has already been awarded the ‘Delfini’ solar project in Greece, with a capacity of 100 MWp and a projected contract value of over $500M USD.
This collaboration focuses on enhancing renewable energy solutions and aims to significantly reduce carbon emissions while providing grid stabilization services through battery energy storage systems.
Ameresco, Inc. (NYSE: AMRC) and the City of Missoula, Montana celebrated the completion of a new 545 kW solar PV array, marking Montana's largest behind-the-meter, non-export solar energy project. The system is designed to offset over 20% of the wastewater treatment facility's annual electricity consumption, leading to savings exceeding $7,000 annually, and a reduction of nearly 8,000 MTCO2e in greenhouse gas emissions over its lifespan. This project was constructed without upfront costs to the city under a 25-year solar energy agreement. Construction began in summer 2022 and was completed by March 2023. The initiative aligns with the city's goal for carbon neutrality by 2025.
Ameresco, Inc. (NYSE: AMRC), a leading cleantech integrator, has been awarded the 2023 North American Energy Services Company of the Year by Frost & Sullivan. This recognition highlights Ameresco's excellence in customer impact, innovative solutions, and strong financial performance in the energy services sector.
With over $13 billion in project deliveries, Ameresco demonstrates significant growth potential, serving a diverse range of clients across North America. The award reflects the company's commitment to energizing a sustainable world and implementing comprehensive solutions for clients' energy efficiency and sustainability goals.
Frost & Sullivan’s rigorous selection process evaluates nominees based on their ability to address unmet customer needs and enhance financial performance.
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