Ameresco Launches Efficiency and Facility Renewal Project with NRC at Research Facilities in Atlantic Canada
September 08 2016 - 10:30AM
Business Wire
Implementation begins on NRC project to reduce
costs and upgrade facilities
Ameresco, Inc. (NYSE: AMRC), a leading energy efficiency and
renewable energy company, announced today that it has partnered
with the National Research Council of Canada (NRC) on a new energy
savings project. The $3.9 million (CAD) comprehensive energy
efficiency and facility renewal project at NRC’s research
facilities in Halifax, Nova Scotia and in St. John’s, Newfoundland
are expected to save over $330,000 annually in utility costs. The
project, expected to be completed in 2017, is proceeding with
energy infrastructure retrofits and enhancements that promise
greater efficiency, cost savings, and lowering of greenhouse gas
(GHG) emissions.
“Ameresco is honoured to continue our work with the National
Research Council of Canada on this third project as it celebrates
its 100-year anniversary,” said Bob McCullough, President, Ameresco
Canada. “This project supports building improvements that are
expected to deliver energy cost-savings allowing NRC to continue
their R&D initiatives which are of strategic importance and
economic value to Canada.”
Under the energy savings agreement, planned measures to optimize
efficiency include: lighting retrofits and installation of
energy-efficient lighting; building automation system enhancements;
ventilation improvements; laboratory refrigeration, freezer and
environmental chamber consolidation and upgrades; fume hood system
optimization, and water consumption reductions.
The environmental benefits from this project include the
reduction of up to 590 metric tonnes of CO2 equivalents, which is
equal to removing 114 passenger vehicles from the road annually. In
addition, the project can support other unique savings benefits
including 1.024 MWh and 164 kW of electricity, 10,223 gigajoules of
steam, and 14,154 cubic meters of city water each year.
Work at NRC’s Atlantic Canada research facilities is part of a
larger project with Ameresco, which also includes work at three
buildings in Ottawa valued at $5.4 million that are nearing
completion. The project will bring the total utility savings
achieved to approximately $2.3 million annually once completed.
This is the third project on which NRC has worked with Ameresco. In
2008, Ameresco completed work on its first NRC project, a $3.7
million initiative resulting in annual utility savings of $483,000.
The second was a $9.3 million project, with annual utility savings
of more than $993,000, at 100 Sussex Drive in Ottawa, for which NRC
and Ameresco received the 2014 Real Property Institute of Canada
(RPIC) Energy Award for Energy Efficiency of Federal Buildings.
About AmerescoFounded in 2000, Ameresco, Inc. (NYSE:AMRC)
is a leading independent provider of comprehensive services, energy
efficiency, infrastructure upgrades, asset sustainability and
renewable energy solutions for businesses and organizations
throughout North America and Europe. Ameresco’s sustainability
services include upgrades to a facility’s energy infrastructure and
the development, construction and operation of renewable energy
plants. 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 project contract
is not necessarily indicative of the timing or amount of revenue
from such contract, of the company’s overall revenue for any
particular period or of trends in the company’s overall total
construction backlog. The project was reflected in our total
project backlog as of June 30, 2016.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160908006016/en/
AmerescoCarolAnn Hibbard,
508-661-2264news@ameresco.com
Ameresco (NYSE:AMRC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ameresco (NYSE:AMRC)
Historical Stock Chart
From Apr 2023 to Apr 2024