Ameresco Partnership Assists London District Catholic School Board to Meet Climate Change Targets
March 24 2017 - 9:00AM
Business Wire
The program is designed to cut utility costs,
reduce greenhouse gas (GHG) emissions and upgrade educational
facilities
Ameresco, Inc. (NYSE: AMRC), a leading energy efficiency and
renewable energy company, announced today that it is progressing on
its energy savings project with the London District Catholic School
Board (LDCSB) and helping the Board fulfill new climate change
targets. The comprehensive $9.9 million (CAD) energy efficiency and
facility renewal project is expected to save more than $500,000
annually in utility costs. The project, which began last year and
is expected to be completed in 2018, is implementing energy
infrastructure retrofits and enhancements that promise greater
efficiency, cost savings, reduction of greenhouse gas (GHG)
emissions, and more comfortable teaching and learning
environments.
“Ameresco is proud to continue our work with the London District
Catholic School Board on this Board-wide renewal project,” said Bob
McCullough, President, Ameresco Canada. “This project supports a
range of building improvements that are expected to deliver energy
cost-savings and better facility conditions, allowing the Board to
improve classroom environments for approximately 54 schools. While
this project provides the Board with sustainable solutions, it also
provides students with an example of environmental
stewardship.”
Under the energy savings partnership, measures to optimize
efficiency are as follows: lighting retrofits and installation of
energy-efficient lighting; building automation system enhancements;
heating, cooling and ventilation improvements; and electrical and
mechanical retrofits, including boilers and water heaters.
The environmental benefits from this project include GHG
emission reductions of 10 per cent, a substantial step towards
meeting the recently implemented Ontario Climate Change Action Plan
target of a 15 percent reduction in GHG by 2020. The facility
renewal measures are also in step with the Conservation and Demand
Management target set out by the Ontario Energy Board.
With this project, Ameresco expands on its previous experience
working with the LDCSB over the past decade. Past projects worth a
combined $25 million have provided extensive enhancements to energy
efficiency at LDSCB facilities in addition to Solar PV roof top
assets of $3 million. Measures have included: assessment and energy
audits; heating, cooling and ventilation improvements; the
replacement of outdated electrical and mechanical equipment; and
solar energy photovoltaic installations.
About Ameresco
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/provincial 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 further 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 contracted
backlog as of December 31, 2016.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170324005045/en/
AmerescoCarolAnn Hibbard,
508-661-2264news@ameresco.comorLDCSBMark Adkinson, 519-663-2088
x40015madkinson@ldcsb.ca
Ameresco (NYSE:AMRC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ameresco (NYSE:AMRC)
Historical Stock Chart
From Apr 2023 to Apr 2024