City of Phoenix and Ameresco Host Groundbreaking Event at the 91st Ave Wastewater Treatment Plant Biogas Project
February 02 2017 - 12:30PM
Business Wire
Sub-Regional Operating Group (SROG)
representatives including City Leaders from Phoenix, Glendale,
Mesa, Scottsdale, and Tempe participated in today’s event
Ameresco, Inc. (NYSE:AMRC), a leading renewable energy and
energy efficiency company, and the City of Phoenix today hosted a
ceremonial groundbreaking event for the start of a multi-million
dollar wastewater treatment biogas utilization project at the 91st
Ave Wastewater Treatment Plant (WWTP). Once operational, it is
expected to be the largest wastewater treatment biogas-to-renewable
natural gas facility of its kind in the United States. The
attendees at the event heard from a variety of speakers including
City leaders and Ameresco representatives.
Phoenix Mayor Greg Stanton stated, “Making Phoenix more
sustainable isn’t just the right thing to do, it is also sparks
innovation and creates exciting new economic opportunities. By
partnering with Ameresco at our new processing plant, Phoenix is
taking previously untapped raw biogas generated by wastewater
treatment and turning it into a renewable energy source that can be
sold. This cutting-edge partnership benefits our regional economy
and environment at the same time. Phoenix has set ambitious
sustainability and renewable energy goals, and this partnership
will help us get there.”
Michael T. Bakas, Senior Vice President, Ameresco said,
“Ameresco is honored to be partnering with the cities of Phoenix,
Glendale, Mesa, Tempe and Scottsdale, and we’re truly excited to
break ground and get underway. The exceptional aspect of this
project is the ability to capture a wasted resource and utilize it,
thereby efficiently making use of this valuable renewable energy
asset. We’re looking forward to making this project a reality later
this year for a community that recognizes the tremendous value and
importance of environmental stewardship in conjunction with fueling
the local economic growth engine with this new business while at
the same time reducing its costs.”
Ameresco will design, build, own, operate and maintain (DBOOM)
the wastewater biogas-to-energy facility. The WWTP is owned by the
Sub-Regional Operating Group (SROG) made up of Phoenix, Glendale,
Mesa, Scottsdale, and Tempe, and serves these cities. The WWTP is
operated by the City of Phoenix.
The 91st Ave biogas project, expected to be operational in late
2017, will process the raw biogas generated in the anaerobic
digesters into renewable natural gas (RNG) that will be sold to the
vehicle market through the nation’s natural gas pipeline grid. The
biogas is a mixture of various gasses (mostly methane and carbon
dioxide) produced through the anaerobic decomposition of organic
matter delivered to the WWTP. With a project size of 3,250 standard
cubic feet per minute (SCFM) capacity, the project is expected to
be the largest of its kind in the nation.
This project is expected to reduce carbon emissions by nearly
45,000 tons per year, the equivalent of taking over 70,000 cars off
the road or planting over 87,000 acres of tress every year.
About the City of PhoenixPhoenix is the capital and
largest city in the State of Arizona. With approximately 1,563,025
inhabitants, Phoenix is the sixth most populous city nationwide,
the most populous state capital in the United States, and the only
state capital with a population of more than a million residents.
The City of Phoenix is the anchor of the Phoenix metropolitan area,
also known as the Valley of the Sun, which in turn is a part of the
Salt River Valley. In addition, Phoenix is the county seat of
Maricopa County and is one of the largest cities in the United
States by land area. The area is known for high-end resorts, Jack
Nicklaus-designed golf courses and vibrant nightclubs, but the
city's biggest attraction may be the sunshine and winter warmth.
For more information, visit https://www.phoenix.gov/.
About Ameresco, Inc.Founded 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. This project was included in our previously
reported Assets in Development as of September 30, 2016.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170202006024/en/
Ameresco:CarolAnn Hibbard,
508-661-2264news@ameresco.comorCity of Phoenix:Stephanie
Bracken, 602-534-1209stephanie.bracken@phoenix.gov
Ameresco (NYSE:AMRC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Ameresco (NYSE:AMRC)
Historical Stock Chart
From Sep 2023 to Sep 2024