Ameresco Completes Comprehensive Energy Efficiency Project with New Mexico Institute of Mining and Technology
July 13 2022 - 11:55AM
Business Wire
Implemented utility upgrades are
estimated to save New Mexico Tech over $540,000 annually and
enhance the reliability of campus facility operations
Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator
specializing in energy efficiency and renewable energy, today
announced the completion of its combined guaranteed utility savings
project with the New Mexico Institute of Mining and Technology (New
Mexico Tech). Following an audit of New Mexico Tech’s facilities,
the university entered into a 20-year partnership with Ameresco to
address needed upgrades and provide long-term cash flow and
reliability benefits well beyond the contract term.
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Ameresco completes partnership with New
Mexico Tech for comprehensive energy efficiency project to enhance
reliability of campus facility operations and save more than
$540,000 annually. (Photo: Business Wire)
As part of the comprehensive project, Ameresco installed a
variety of renewable and energy efficient technologies that are
estimated to save New Mexico Tech over $540,000 annually in energy
savings and improve its overall sustainability efforts. Implemented
upgrades include the construction of 666.8 kW-DC of solar
photovoltaic covered parking; water conservation measures;
equipment level direct digital control upgrades; building
scheduling and controls optimization; chiller plant controls
optimization; lab air system rebalancing; variable flow chilled
water system pumping; and interior and exterior LED lighting
retrofits across campus.
“New Mexico Tech has a strong science and technology education
and research mission that includes an emphasis on resource
sustainability and energy efficiency,” said Dr. Cleve McDaniel,
Vice President for Administration and Finance at New Mexico Tech.
“Our work with Ameresco to dramatically reduce our campus energy
usage and costs fits perfectly with our mission. This project was
truly a collaborative effort and we very much appreciated
Ameresco’s knowledge and effective implementation of state-of-the
art solutions that have enabled us to better serve our campus and
community.”
For New Mexico Tech, the administered upgrades are designed to
enhance the reliability of facility operations, as well as improve
the quality of learning and research environments for students and
faculty.
“Working with an institution like New Mexico Tech, one of the
top STEM schools in the nation, has been especially meaningful for
us at Ameresco as we hope to introduce the next generation to the
benefits of efficient and renewable energy use,” said Bob
Georgeoff, EVP, Ameresco. “We commend campus leadership for
prioritizing a project that will increase energy conservation,
reduce energy and utility costs and address campus deferred
maintenance, all in an economically responsible manner that adds
clean energy resources to the region.”
To learn more about the energy efficiency solutions offered by
Ameresco, visit www.ameresco.com/energy-efficiency/.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading
cleantech integrator and renewable energy asset developer, owner
and operator. Our comprehensive portfolio includes energy
efficiency, infrastructure upgrades, asset sustainability and
renewable energy solutions delivered to clients throughout North
America and Europe. Ameresco’s sustainability services in support
of clients’ pursuit of Net Zero include upgrades to a facility’s
energy infrastructure and the development, construction, and
operation of distributed energy resources. 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 Europe. For more
information, visit www.ameresco.com.
About New Mexico Institute of Mining and Technology
Founded in 1889, New Mexico Institute of Mining and Technology
(New Mexico Tech) aspires to be a preeminent community of scholars
dedicated to research, education, and innovation – advancing
science, technology, engineering, and mathematics – to meet the
challenges of tomorrow. New Mexico Tech serves the state of New
Mexico and beyond through education, research, and service, focused
in science, technology, engineering, and mathematics. Involved
faculty educate a diverse student body in rigorous and
collaborative programs, preparing scientists and engineers for the
future. New Mexico Tech’s innovative and interdisciplinary research
expands the reach of humanity's knowledge and capabilities.
The announcement of a customer’s completion 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
project backlog. This project had already been in Ameresco’s
previously reported backlog and was fully recognized as revenue
prior to the end of Q1 2022.
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version on businesswire.com: https://www.businesswire.com/news/home/20220712005867/en/
Media Contact: Ameresco: Leila Dillon, 508-661-2264,
news@ameresco.com
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