Ameresco,
Inc., (NYSE:AMRC), a leading energy efficiency and renewable energy
company, announced today the Company is commencing implementation of a
$17.4 million Energy
Savings Performance Contract (ESPC) with the State of Hawaii
Department of Accounting and General Services (DAGS). This ESPC
project is expected to save DAGS more than a million dollars in the
first year and lower operational costs by $28 million over the 20 year
term. The scope of this ESPC project will incorporate 22 energy
conservation and renewable energy measures across 33 state-owned
buildings on the islands of Kauai, Oahu, Molokai, Maui and Hawaii's Big
Island.
“I commend DAGS and Ameresco for working together in developing a
comprehensive efficiency and renewable energy project that is on target
with our commitment to energy independence and sustainability,” Gov.
Neil Abercrombie said. “Ameresco’s innovative approach will assist DAGS
in reaching its energy savings and emission reduction goals.”
The design-build DAGS project is expected to reduce energy and water
consumption through the installation of state-of-the-art technology in
the 33 buildings, and will also generate renewable energy at 13
facilities. The approximate two year design build implementation period
will include energy conservation measures such as replacing or
retrofitting 13,000 light fixtures, expanding the energy management
system (EMS) to include 2,750 control points, installing seven new
chillers with state-of-the art bearing-less compressors, and replacing
53 transformers with premium efficiency custom-wound transformers. The
new photovoltaic (PV) arrays will consist of over 3,370 solar panels
connected to 17 inverters spread across the five islands.
The new solar arrays are expected to cumulatively generate about 1.3
million kilowatt hours a year in renewable power from the sun, which
will help DAGS facilities lower the state’s dependence on electricity
produced from fossil-fueled power plants.
The annual emissions reduction is expected to be approximately 5.6
million pounds of CO2, 14,200 pounds of SO2, and
12,700 pounds of N2O, the equivalent of taking 466 cars off
the road.
“While creating local economic opportunity, Ameresco is excited to play
a key role in supporting the State of Hawaii’s Clean Energy Initiative
and contributing to its ambitious quest to satisfy 70 percent of its
energy needs by 2030 through energy efficiency and renewable energy,”
said David J. Anderson, Executive Vice President, Ameresco.
Ameresco has a long history of partnering with public agencies across
North America to improve energy infrastructure and install renewable
energy technologies. Ameresco’s pioneering of the ESPC financing model
has made the budget-neutral solution an increasingly popular option for
customers, by providing energy efficiency upgrades using a guaranteed
savings approach. Ameresco coordinates the upfront project costs and the
customer repays that investment with their energy savings over time.
About DAGS
The Department of Accounting and General Services or DAGS, headed by
State Comptroller Dean H. Seki, is responsible for managing state office
buildings and providing centralized engineering and technical support
services for a wide range of state programs and activities. For more
information, visit http://ags.hawaii.gov/.
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 70 offices in 33 states,
five Canadian provinces and the United Kingdom. Ameresco has more than
900 employees. For more information, visit www.ameresco.com.
The announcement of a customer’s entry into or commencement 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
construction backlog.
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