Peoria Embarks on Energy Efficiency Partnership with Ameresco
June 28 2017 - 02:27PM
Business Wire
Project will make the City’s facilities more
energy efficient, add solar-covered parking facilities, and support
the City’s sustainability goals
Ameresco, Inc. (NYSE:AMRC), a leading energy efficiency and
renewable energy company, today announced it has contracted with
the City of Peoria to implement efficiency measures that are
expected to result in significant energy savings over time. Earlier
this month, the Peoria City Council unanimously approved the energy
efficiency and renewable energy project that will enhance
sustainability initiatives and provide solar covered parking
canopies at multiple city facilities.
“Recognizing that smart environmental stewardship translates to
financial stewardship, I’m looking forward to seeing this
beneficial program move forward,” said Mayor Cathy Carlat. “As
the cost of energy soars, I’m proud to see us diversify our
resources while saving money. Using a renewable energy source as
logical as the Arizona sun will result in energy savings and cost
savings. It doesn’t get much smarter than a project that will pay
for itself.”
“Peoria prioritizes sustainability and financial efficiency and
this program accomplishes both,” said Peoria City Manager Carl
Swenson. “We’ve spent years working to develop a strategy to
increase the energy efficiency at our facilities without a
financial burden and I’m proud to see this plan come to
fruition.”
Ameresco will retrofit interior and exterior lighting throughout
13 city facilities and install solar photovoltaic on roofs, parking
canopies, and on the ground at eight sites throughout Peoria.
Citizens can track the solar production online using this
information as an educational and awareness tool.
“Ameresco applauds the City of Peoria’s leadership for their
vision and commitment to implement an innovative energy solutions
project that is not only good for the environment, but is good for
the City’s bottom line,” stated Robert Georgeoff, Vice President,
Ameresco. “This project will help the City to continue to make
tremendous strides towards achieving its sustainability goals and
commitments in a fiscally responsible manner.”
The project exemplifies the City of Peoria’s commitment to the
generation of safe, reliable, and long-term affordable power that
achieves a balance between high quality, long-term, low-cost
energy, and the environmental impacts of providing those energy
resources.
Upon completion, the City expects to save hundreds of thousands
of dollars in energy expenses over the next 20 years without
incurring any capital costs, and will result in housing two city
facilities that will not rely on traditional electricity
facilities. The project will be completely self-funded with
guaranteed utility savings within the next 20 years.
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
assets. Ameresco has successfully completed energy saving,
environmentally responsible projects with Federal, state and
municipal 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 awarded backlog as of March 31, 2017.
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version on businesswire.com: http://www.businesswire.com/news/home/20170628006213/en/
Ameresco:CarolAnn Hibbard, 508-661-2264news@ameresco.comorCity
of Peoria:Jennifer Stein, 623-773-7338Director of
CommunicationsJennifer.stein@peoriaaz.gov
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