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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 successfully completed a £1.1 million solar PV project for the U.K. Ministry of Justice, providing energy savings of 427,602 kWh annually, equivalent to a carbon reduction of 106.2 tonnes. The project, which began construction in December 2020, involved the installation of rooftop solar at seven courts and three prisons, ensuring no disruption to operations during the pandemic backlog. Ameresco will provide 12 months of operations and maintenance support, aligning with the Ministry's sustainability goals to decarbonize federal buildings.
Ameresco, Inc. (NYSE: AMRC) has appointed Claire Hughes Johnson to its Board of Directors. Johnson, with over 20 years of experience in technology, is recognized for her leadership at Stripe, where she significantly contributed to the company's growth. Her prior role at Google included key projects like Gmail and Google Apps. The board also sees the departure of David Anderson, a co-founder, who will continue in a strategic advisory capacity. Chairman George Sakellaris emphasized the importance of diverse perspectives as the company aims to accelerate growth in the cleantech sector.
Ameresco, Inc. (NYSE:AMRC) announced the start of commercial operations for its landfill gas to renewable natural gas plant at Republic Services’ McCarty Road Landfill in Houston, Texas. With a gross nameplate capacity exceeding 1.1 million Dekatherms per year, the facility processes 4,500 scfm of raw landfill gas. The project, initiated in Q2 2020, faced challenges due to the pandemic and hurricanes but was completed ahead of schedule. This initiative is projected to reduce CO2 emissions by over 61,000 tons annually, aiding Republic Services in its sustainability goals.
Ameresco (NYSE: AMRC) completed an energy conservation project in partnership with Carmarthenshire County Council, enhancing the council's energy infrastructure. This initiative aims to meet the council's target of zero-carbon emissions by 2030. Key improvements include LED lighting, insulation, and solar PV installations, projected to save over two million kWh annually, equating to approximately $388,000 in cost savings and a reduction of 675 tonnes of CO2 emissions. The first phase was completed in March 2021.
Ameresco, Inc. (NYSE:AMRC) announced it will release its Q2 2021 financial results after market close on August 2, 2021. A conference call will follow at 4:30 p.m. ET, where supplemental financial information will also be provided. Participants can access the call via phone or a live webcast on the Investor Relations section of Ameresco's website. Founded in 2000, Ameresco is a cleantech integrator and renewable energy developer specializing in energy efficiency and sustainability solutions across North America and the UK.
Ameresco, Inc. (NYSE: AMRC) and the City of Arvada, Colorado, have successfully completed a $4.5 million energy conservation project aimed at enhancing energy efficiency. The project, initiated in January 2020 and finished in March 2021, covers 15 facilities, including upgrades to HVAC systems and installation of photovoltaic systems at five sites. The anticipated benefits include a 21% reduction in total utility costs, 6% reduction in annual energy consumption, and 11% reduction in electrical demand. The collaboration underscores Ameresco's commitment to sustainable energy solutions.
Ameresco (NYSE: AMRC) has partnered with Cannon Air Force Base and the Defense Logistics Agency Energy for a $19 million Energy Savings Performance Contract (ESPC) project. This initiative includes a 1.9 MW solar generation capacity and various energy conservation upgrades. The project aims to enhance Cannon AFB's operational efficiency and achieve sustainability goals, leading to an estimated $1.1 million savings in the first year and $33 million over the project period. Construction is expected to start in Q3 2021 and conclude by Q1 2023.
Ameresco, Inc. (NYSE:AMRC), a prominent cleantech integrator, announces participation in major investor conferences.
Senior VP and CFO, Doran Hole, will present at:
- William Blair's 41st Annual Growth Stock Conference on June 3, 2021, at 10:40 AM ET.
- Stifel 2021 Virtual Cross Sector Insight Conference on June 10, 2021, at 12:00 PM ET.
- ROTH Virtual London Conference on June 21, 2021.
Ameresco specializes in energy efficiency, infrastructure upgrades, and renewable energy solutions across North America and the UK.
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