Ameresco and West Texas A&M University Announce the University’s Largest Single Energy Reduction and Modernization Project
November 15 2018 - 10:00AM
Business Wire
Ameresco, Inc. (NYSE: AMRC), a leading energy efficiency and
renewable energy company, today announced a partnership to begin
construction on a $14.4 million Campus Energy Reduction and
Modernization Project at West Texas A&M University.
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Ameresco and West Texas A&M
University Announce the University’s Largest Single Energy
Consumption Reduction Project (Photo: Business Wire)
The Energy Consumption Reduction Project was initiated to help
guide the physical operations of the university to achieve
meaningful reductions of the university’s carbon footprint in
energy usage, utility consumption, and energy cost through the
implementation of infrastructure and modernization upgrades. The
project is underway and is scheduled to be completed by September
2019. Upon completion, the project will average over $1.1 million
in annual energy and water savings for the university, thus all of
the improvements are being funded in a budget neutral manner
without the need for additional capital budget dollars.
“This project will positively impact energy and water
conservation more than any other single initiative in West Texas
A&M University’s history,” said Stan Pena, Director of
Facilities and Construction. “This project was developed through
collaboration with our Office of Business and Finance, SSC
facilities team, the Texas A&M University System’s Office of
Facilities Planning & Construction, and Ameresco, our energy
partner. We are also thankful for the support of Utilities &
Energy Services at Texas A&M and the City of Canyon.”
Energy conservation and modernization measures will be
implemented throughout 31 campus buildings and include retrofitting
interior and exterior lighting to new high efficiency light
emitting diode (LED) technology, improvements to the campus heating
and cooling systems, water conservation measures, and automated
controls that allow for the improved tracking of energy consumption
on campus.
“Ameresco is honored to be working with West Texas A&M
University to modernize
their buildings through energy efficiency upgrades and realize a
continued return on
investment,” said Robert Georgeoff, Vice President, Ameresco.
“This project demonstrates leadership and the university’s
commitment to energy management, financial stewardship and
environmental sustainability.”
Ameresco is implementing the $14.4 million project under an
Energy Services Agreement that provides a guarantee of annual
energy savings to the university through 2037. In addition to
annual energy and water savings, the university realize an annual
carbon reduction benefit that is the equivalent to
- removing 2,050 passenger cars from the
road; or
- carbon dioxide emissions from over 1
million gallons of gasoline consumed annually; or
- the environmental benefit of 242,015
tree seedlings grown for 10 years; or
- greenhouse gas emissions avoided by not
landfilling over 3,418 tons of waste
“As stewards to the taxpayers of the State of Texas, it is
essential that we do everything in our power to keep the cost of
our students’ education reasonable and affordable,” Randy Rikel,
West Texas A&M University’s Vice President for Business and
Finance, said. “This project will be paid 100 percent from the
energy and water savings, so additional funding is not needed. This
partnership with Ameresco achieves these goals, plus it reduces our
energy and water demand now, thereby benefiting the
environment.”
About West Texas A&M UniversityWest Texas A&M
University, part of The Texas A&M University System, is a
four-year public university that serves a diverse population of
more than 10,000 students. The University attracts students from 48
states, not counting the District of Columbia, Guam, Puerto Rico
and other U.S. dependencies, and more than 60 countries. Admission
is determined through selective criteria, and first-generation
students account for a large percentage of the University’s student
population. Students who come to WTAMU find a friendly campus where
faculty are accessible, administrators are approachable,
undergraduates are taught by tenured professors, and names are
still more important than numbers. They enjoy a university
atmosphere that is committed to personal attention and teaching
excellence and where ideas are always encouraged so that meaningful
careers can be born. WTAMU is a growing, dynamic university that is
well prepared to meet the educational needs of a growing student
population for years to come.
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 September 30, 2018.
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Kate Cronin508.661.2288news@ameresco.com
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