Rhode Island College Partners with Ameresco to Reduce Energy Consumption
March 29 2017 - 9:00AM
Business Wire
Campus buildings to be upgraded to enhance
comfort, deliver energy savings and reduce the college’s carbon
footprint
Ameresco, Inc. (NYSE:AMRC), a leading energy efficiency and
renewable energy company, today announced that the company is
working with Rhode Island College (RIC) to renew and upgrade RIC’s
campus energy infrastructure and to institute energy efficiency and
water conservation measures at the college. The $5 million Energy
Savings Performance Contract (ESPC) project is expected to save the
college more than $340,000 in avoided energy costs annually for the
next 15 years.
“Our investment in saving energy and preserving the environment
at Rhode Island College benefits our students by significantly
adding value to their learning experience on campus,” said RIC
President Frank D. Sánchez.
Rhode Island College continues to drive its energy strategy
forward and embrace greater efficiency measures, all while focusing
on improving the student learning environment and supporting the
college’s commitment to sustainable practices and environmental
stewardship. The ESPC project with Ameresco could allow the college
to upgrade its energy infrastructure without any initial capital
costs, address and achieve long-term cost savings, and improve the
environment for students, faculty and staff, according to RIC’s
Facilities and Operations team.
The ESPC project includes energy efficiency and infrastructure
upgrades to 33 buildings and 1.2 million square feet on campus.
“Ameresco applauds Rhode Island College’s leadership for their
vision and commitment to implement an energy efficient strategy for
the campus,” stated David J. Anderson, Executive Vice President,
Ameresco. “Employing an ESPC provides a financially responsible,
budget-neutral solution to support the College’s energy
infrastructure upgrade requirements, enhance the campus environment
and supports the college in helping to achieve its sustainability
goals.”
The campus energy project includes an approximate two-year
construction period, during which many infrastructure upgrades and
energy conservation measures will be implemented. Services include
an Investment Grade Audit, installation of energy conservation
measures (ECM), and measurement and verification (M&V) of
guaranteed savings. The following upgrades are expected to help
enhance the quality of the teaching and learning environments:
energy management system upgrades; central plant improvements;
variable frequency drives (VFD); water conservation measures;
building weatherization; energy efficiency motors; demand control
ventilation; transformer replacements; window air conditioner
timers; AHU/Rooftop unit replacements; vending machine controls;
kitchen hood controls; and repair of heat recovery units.
Construction is currently underway and scheduled to be completed
in September 2018. In support of the college’s sustainability
goals, the efficiency project is expected to help reduce CO2
emissions by approximately 4,141,058 pounds annually, the
equivalent to removing 344 cars from the road each year.
About Rhode Island CollegeEstablished in 1854, Rhode
Island College serves approximately 9,000 undergraduate and
graduate students through its five schools: the Faculty of Arts and
Sciences, the Feinstein School of Education and Human Development,
the School of Social Work, the School of Management and the School
of Nursing. For more information, visit www.ric.edu.
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 or commencement of 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
Ameresco’s fully contracted backlog as of December 31, 2016.
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version on businesswire.com: http://www.businesswire.com/news/home/20170329005130/en/
Rhode Island College:Kristy dosReis,
401-456-8683kdosreis@ric.eduorAmeresco:CarolAnn Hibbard,
508-661-2264news@ameresco.com
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