Ameresco Inc Stock Price, News & Analysis

Ameresco (NYSE: AMRC) recently completed a significant upgrade of approximately 280,000 street light fixtures in the City of Chicago. This initiative, part of the Chicago Smart Lighting Program, is projected to save the city over $100 million in electricity costs over the next ten years. As the primary contractor for the $160 million project, Ameresco replaced about 85% of the city's street lights with energy-efficient smart LEDs, significantly reducing energy consumption by 50-75%.

In addition to financial savings, the project aims to enhance public safety with better lighting.

Ameresco, Inc. (NYSE:AMRC) has announced its first investor day to be held on March 23, 2022, in New York City, starting at 2:30 p.m. ET. The event, initially scheduled for mid-January 2022, was postponed due to the COVID-19 Omicron variant surge. Attendees can expect interactive presentations from the leadership team, focusing on growth opportunities and the company's innovative energy solutions. Ameresco aims to clarify its integrated business model and long-term growth strategies centered around energy efficiency and sustainability.

Ameresco successfully completed an $18.6 million project replacing over 8,000 high-pressure sodium streetlights with energy-efficient LEDs in the Portland Metro area. This initiative, funded by an energy savings performance contract, is expected to reduce carbon emissions by 3,500 metric tons annually. The project, which began in May 2020 and concluded in December 2021, also upgraded lighting in 13 tunnels in ODOT Region 1. The LED lights boast a lifespan of 15-20 years, significantly outlasting traditional lighting.

Ameresco, Inc. (NYSE:AMRC) will release its fourth quarter and full year 2021 financial results on February 28, 2022, after market close. The earnings press release will be accessible via the Company's Investor Relations section on its website, followed by a conference call at 4:30 p.m. ET. Participants can join the call by dialing +1 (877) 359-9508 domestically or +1 (224) 357-2393 internationally, with a passcode of 7944909. A live webcast will also be available online.

Ameresco, Inc. (NYSE: AMRC) has announced the commencement of the Slemon Park Microgrid project in collaboration with PEI Energy Corporation. The project, which broke ground in December 2021, will include a 10-MW solar facility with integrated energy storage solutions to enhance energy efficiency in Prince Edward Island. It is projected to offset approximately 4500 tonnes of CO2e/year over its lifespan, supporting the province's goal of achieving Net Zero energy by 2030.

Ameresco, Inc. (NYSE: AMRC) announced that Nicole Bulgarino, Executive VP and GM of Federal Solutions, has been honored in the 2021 Environment + Energy Leader 100 list. This recognition showcases individuals pioneering innovative solutions in environmental and energy management. Over her career, Ms. Bulgarino has led the implementation of more than $2 billion in Federal projects for government agencies including the Department of Defense and Energy. The E+E 100 list celebrates key contributors to sustainability and energy success.

Ameresco (NYSE: AMRC) has partnered with Merthyr Tydfil Council on a £1.09 million energy conservation project. This initiative aims to modernize infrastructure across 31 council sites, including the installation of solar PV systems and LED lighting. Estimated savings from the project are over £136,000 annually, with a goal to reduce carbon emissions by 251 tonnes per year. The construction is scheduled for completion in March 2022, aligning with Merthyr Tydfil's objective to achieve net zero carbon emissions by 2030.