Ameresco Inc Stock Price, News & Analysis

Ameresco, Inc. (NYSE: AMRC) and Bright Canyon Energy announced the Kūpono Solar Project, a 42 MW solar array and 42 MW/168 MWh battery system at Joint Base Pearl Harbor-Hickam, Hawaii. This initiative aims to supply renewable energy to O‘ahu, powering about 10,000 homes and eliminating over 50,000 tons of CO2 emissions annually. The project, supported by a 37-year land lease with the Navy, aligns with Hawaii's 100% renewable energy goal by 2045. Construction is set to finish in early 2024, under a 20-year power purchase agreement with Hawaiian Electric.

Ameresco, Inc. (NYSE:AMRC), a leader in clean technology, announced upcoming investor conferences featuring its CFO, Doran Hole. Key dates include:

• June 1, 2022: Participation in the 19th Annual Craig-Hallum Institutional Investor Conference (virtual).
• June 7, 2022: Presentation at 1:15 PM ET at the Stifel 2022 Cross Sector Insight Conference in Boston, MA.
• June 8, 2022: Presentation at 3:20 PM CT at the William Blair's 42nd Annual Growth Stock Conference in Chicago, IL.
• June 14, 2022: Presentation at 4:00 PM ET at the Evercore Global Clean Energy & Transition Technologies Summit in New York, NY.

Ameresco (NYSE: AMRC) has successfully completed an energy and water retrofits project at the Massachusetts College of Art and Design (MassArt). The project included upgrades across seven campus buildings, implementing 15 energy conservation measures, which are expected to generate $436,385 in annual cost savings. Covering approximately 800,000 square feet, Ameresco managed all aspects from design to installation. This initiative aims to enhance sustainability and support further infrastructure improvements at MassArt.

Ameresco Inc. (NYSE:AMRC) and Powin LLC have signed a long-term purchasing agreement for the supply of 2,500 MWh of Powin's Stack750 battery energy storage systems. This agreement aims to support Ameresco's project installations through mid-2025, catering to a diverse clientele, including municipal utilities and federal projects. Powin's modular design reduces deployment time and capital costs, enhancing Ameresco's BESS solutions amidst growing demand for energy storage technologies.

HSGS-Ameresco, LLC has secured a $7.9 million contract to design and construct a 1.5 MW solar PV system at the Tooele Army Depot in Utah. This initiative aims to reduce the depot's annual electrical costs. The project marks the first contract for the newly formed joint venture between Hannah Solar Government Services and Ameresco. Construction will commence in summer 2022 and is expected to conclude by fall 2023. Both companies have a history of delivering renewable energy solutions for federal agencies.

Ameresco, Inc. (NYSE:AMRC) will attend key investor conferences to discuss its clean technology initiatives. On May 11, 2022, Doran Hole, Executive Vice President and CFO, will participate in a fireside chat at Citi’s 2022 Global Energy, Utilities and Climate Technology Conference at 1:45 AM ET. A day later, on May 26, 2022, he will present at the B. Riley Securities 22nd Annual Investor Conference at 1:00 PM PT. Ameresco specializes in energy efficiency and renewable energy solutions across North America and Europe.

Ameresco, Inc. (NYSE: AMRC) has completed a comprehensive solar installation at Brophy College Preparatory in Phoenix, Arizona. The project includes 911.25 kW DC of solar power, offsetting approximately 48% of the school's annual electricity usage. This initiative aligns with Brophy's sustainability goals and supports educational programs for students. By utilizing a solar services agreement, Ameresco enhances Brophy's energy efficiency while making significant cost savings over time. The project reflects Ameresco's commitment to sustainability and advancing clean energy initiatives.

Ameresco, Inc. (NYSE: AMRC) has secured a contract from the U.S. Army to install a 6 MW battery energy storage system (BESS) at Fort Detrick, Maryland. This project will enhance the existing 18.6 MW solar facility and is expected to yield annual utility cost savings of $125,000. The BESS will provide demand response and frequency regulation services, contributing to the Army's energy efficiency and resilience goals. Completion is anticipated by early 2023, strengthening Ameresco's long-standing partnership with Fort Detrick since 2015.