Ameresco,
Inc., (NYSE:AMRC), a leading energy efficiency and renewable energy
company, announced today that it has signed and begun work on an Energy
Savings Performance Contract (ESPC) with Lewis and Clark County,
Montana. Ameresco will install over $1.6 million of energy efficiency
improvements at 28 County-owned buildings. The energy efficiency
improvements are expected to save the County an estimated $77,000
annually while also addressing critical infrastructure needs. The
project is expected to be completed in the fall of 2013.
“We had several County building systems that were at the end of their
life cycle and although we had the resources available internally to
fund the project, we utilized an energy savings performance contract to
repay the capital budgets through the guaranteed energy savings,” said
Eric Bryson, Administrator, Lewis and Clark County. “This energy savings
performance contract with Ameresco will enable us to upgrade and replace
all of the necessary infrastructure items this year and avoid the
capital costs in the future. This is significant as it will allow us to
leverage resources, make improvements, and implement immediate
conservation measures otherwise not possible in these difficult economic
times.”
Prior to beginning work on the ESPC, Ameresco performed a full
investment grade audit to identify areas where energy savings measures
could be implemented throughout the County-owned buildings and
facilities, as well as created a plan for the design and implementation
of project renovations. The comprehensive ESPC includes increased energy
efficiency in multiple buildings through lighting upgrades, building
envelope improvements, water conservation measures, and HVAC and boiler
system upgrades at the Law Enforcement Center and Myrna Loy buildings.
“ESPC is a valuable tool for communities that need to be extremely
diligent with their taxpayer dollars and need investment into their
aging facilities,” said Louis P. Maltezos, Executive Vice President,
Ameresco. “Our local Montana team worked very closely with Lewis and
Clark County to make sure this project met their needs and expectations
with the best value for every dollar invested. Additionally to ensure
the County can achieve savings well into the future, Ameresco will
provide the training and operational oversight of the new systems.”
The County also outlined additional capital cost avoidance improvements
to be made, which include new dual pane windows at the historic
Courthouse and heat pump replacements at the Law Enforcement Center. In
addition to expected savings of over $77,000 annually on energy costs,
greenhouse gas emissions are expected to be reduced by 2,700 metric
tons, which is the equivalent of taking 83 cars off the road or planting
1,800 pine trees.
Ameresco has a long history of partnering with counties, schools,
municipalities and commercial entities to improve energy infrastructure
and install renewable energy technologies. Their pioneering of the ESPC
financing model has made the budget-neutral solution an increasingly
popular option for customers across North America, which enables
budget-neutral energy efficiency upgrades by guaranteeing a minimum
level of energy savings over the term of the contract. Ameresco
coordinates the upfront project costs and the County repays that
investment with their energy savings over time.
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
facilities throughout North America. Ameresco’s 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 provides local expertise through its 65 offices in 34 states
and five Canadian provinces. Ameresco has more than 900 employees. 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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