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U.S. Navy Awards Ameresco Multiple Award Construction Contract for Large General Construction Projects in the Mid-Atlantic Region
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Ameresco, (NYSE: AMRC) has been awarded a prime contract by Naval Facilities Command Mid-Atlantic for a construction contract vehicle valued at $950 million over 5 years. This will support projects in the Hampton Roads region of Virginia, enhancing infrastructure for Navy facilities. Previously, Ameresco executed over $200 million in energy projects for NAVFAC MIDLANT. The contract indicates an expansion of Ameresco’s services into design-build construction, reinforcing its partnership with the Navy.
Positive
Awarded a prime contract valued at $950 million over 5 years.
Strengthens existing partnership with NAVFAC MIDLANT.
Expands service offerings into design-build construction.
Negative
Announcement does not indicate timing or amount of revenue from the contract.
No construction contracts related to this prime contract were reported in backlog as of June 30, 2021.
Prime contract on the $950M construction contract vehicle will support construction projects in the Hampton Roads region of Virginia.
FRAMINGHAM, Mass.--(BUSINESS WIRE)--
Ameresco, Inc., (NYSE: AMRC), a leading energy efficiency and energy infrastructure company, announced that Naval Facilities Command Mid-Atlantic (NAVFAC MIDLANT) has awarded the company’s Federal Solutions team a prime contract on a large construction contract vehicle with a capacity of $950 million over 5 years. Ameresco is one of 8 awardees selected to implement projects under the contract.
Task orders on this multiple award construction contract (MACC) will support construction projects in the Hampton Roads region of Virginia, home to a large number of Navy facilities. The award of this design-build contract vehicle furthers the expansion of Ameresco Federal Solutions beyond the energy performance contracting market. It also extends Ameresco’s partnership with the NAVFAC MIDLANT, which has previously selected Ameresco to deploy more than $200M in energy infrastructure modernization projects at Portsmouth and Norfolk Naval Shipyards.
“We are excited to build on Ameresco’s support of the Navy in the Mid-Atlantic region,” said Nicole Bulgarino, EVP and General Manager, Federal Solutions at Ameresco. “Design-build construction contract vehicles like this MACC expand our capability to support the Navy’s mission by modernizing critical installation infrastructure. These investments will provide improved facilities for our servicemembers and help the Navy meet its requirements for training, sustaining, projecting, and maintaining the future force.”
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 entry into a prime contract is not necessarily indicative of the timing or amount of revenue from such prime contract, of the company’s overall revenue for any particular period or of trends in the company’s overall total project backlog. There were no construction contracts related to this prime contract included in our previously reported awarded or contracted backlog as of June 30, 2021.
