Ameresco Partners with the City of Atlanta for Guaranteed Energy Savings Performance Contract
June 06 2018 - 09:00AM
Business Wire
GESPC includes energy saving upgrades to 19
City-owned buildings and supports the City’s sustainability
goals.
Ameresco, Inc. (NYSE:AMRC), a leading energy efficiency
and renewable energy company, today announced that the Company
entered into a Guaranteed Energy Savings Performance Contract
(GESPC) with the City of Atlanta for more than $7 million to
provide energy efficiency and infrastructure upgrades to 19
City-owned buildings encompassing over 1.25 million square feet of
space. This project also contributes to the City’s sustainability
goals.
The GESPC consists of 13 Energy Conservation Measures (ECMs)
that are expected to be entirely self-funded within the 14-year
repayment term and reduce energy use by 5,604,200 kWh annually.
Funded through annual energy and operational cost savings of
$696,000, this project upgrades the City’s energy infrastructure
while also addressing critical capital improvement needs without
any capital cost. Some key building improvements include interior
and exterior lighting upgrades to LED technology, new chillers,
HVAC control re-commissioning and upgrades, new energy efficient
transformers, water conservation measures, and new premium
efficiency motor installations.
David J. Anderson, Executive Vice President of Ameresco said,
“In support of the City’s 100% Clean Energy Plan, Ameresco is
pleased to be an energy services partner for the City of Atlanta’s
infrastructure upgrades initiative. The GESPC model allows the City
to make budget-neutral cost-intensive upgrades. The project is
designed to improve energy efficiency while providing energy
savings and reducing the environmental impact. The environmental
benefits include greenhouse gas (GHG) emission reductions of 3,478
tons of carbon annually.”
Ameresco’s services for the City’s initiative include project
development engineering, GESPC project modeling, ECM detailed
design and engineering, project construction management, equipment
and systems start-up and commissioning, post-construction
monitoring, energy rebate application management, energy savings
measurement and verification, and training of City staff on all
installed equipment and systems.
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 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 reported in our contracted
backlog as of March 31, 2018.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180606005207/en/
Ameresco, Inc.CarolAnn Hibbard,
508-661-2264news@ameresco.com
Ameresco (NYSE:AMRC)
Historical Stock Chart
From Feb 2024 to Mar 2024
Ameresco (NYSE:AMRC)
Historical Stock Chart
From Mar 2023 to Mar 2024