Ameresco Awarded U.S. DOE IDIQ Contract for Federal Energy Savings Performance Contracts
May 05 2017 - 9:48AM
Business Wire
Contract allows for Ameresco to continue
developing federal energy and water infrastructure projects through
the U.S. DOE ESPC program
Ameresco, Inc., (NYSE:AMRC), a leading energy efficiency and
energy infrastructure company, today announced it has been awarded
an Indefinite Delivery Indefinite Quantity (IDIQ) contract for
federal Energy Savings Performance Contracts (ESPCs) by the U.S.
Department of Energy (DOE). Ameresco is one of 21 companies awarded
the $55 billion IDIQ contract to develop new energy and water
savings projects for federal facilities.
“Ameresco appreciates this opportunity to develop new
economically compelling ESPC projects for our federal partners,”
said Nicole A. Bulgarino, Executive Vice President and General
Manager, Federal Solutions, Ameresco. “We look forward to
developing the next generation of innovative energy and water
infrastructure projects, and we appreciate the DOE’s leadership in
facilitating these public private partnerships.”
The new IDIQ contract was awarded to Ameresco on April 27, 2017.
The contract has a base ordering period of five years and one
18-month option period, for a total ordering period of 6.5 years if
the option is exercised. The maximum contract ceiling amount of $55
billion will be shared by all contract holders.
In an announcement last week, the DOE said that it expects the
new IDIQ to be used for investments resulting in federal
infrastructure improvements, energy savings, and job creation.
According to the DOE, 362 projects have been awarded by 25
major federal agencies since the inception of DOE IDIQ ESPCs in
1998.
“This program highlights how the public and private sector
partnerships can align with the Administration’s objectives for
increased energy efficiency and job creation without burdensome
regulations,” said U.S. Secretary of Energy Rick Perry. “A key
component is that these energy and water efficiency projects at
federal facilities pay for themselves, and the hope is that all
federal agencies will utilize this financing method to the fullest
extent.”
Ameresco is a longstanding DOE ESPC IDIQ contract holder and has
developed a number of innovative projects awarded through the
contract, including the largest renewable energy ESPC for a biomass
cogeneration facility at the U.S. DOE Savannah River Site and a
deep energy retrofit that resulted in more than 60% energy savings
for the U.S. General Services Administration.
Most recently, Ameresco was awarded a $91.1 million ESPC project
at Marine Corps Recruit Depot Parris Island, South Carolina under
the current IDIQ contract. The energy infrastructure project
includes a microgrid integrating 10 megawatts of new onsite
generation and a battery energy storage system.
“Increasingly, Ameresco is incorporating advanced energy
technologies into ESPCs which provide energy security, resiliency
and new infrastructure to federal facilities,” said Bulgarino.
“These cost-effective measures provide a spectrum of benefits from
reducing recurring costs to extending the operating lifespan of
mechanical equipment.”
The Energy Policy Act of 1992 authorizes federal agencies to use
private financing for certain project implementation through Energy
Savings Performance Contracts. ESPCs allow federal agencies to
procure energy savings and facility improvements with no up-front
capital costs or special appropriations from Congress.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170505005486/en/
AmerescoCarolAnn Hibbard, 508-661-2264news@ameresco.com
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