Ameresco, Inc., (NYSE:AMRC), a leading energy
efficiency and renewable
energy company, announced today that it is working with the Town of
East Hartford to develop and implement an LED street light and exterior
lighting upgrade project at select locations. Under a $2 million Energy
Savings Performance Contract (ESPC)
including more than $480,000 in incentives, new street lights are being
installed throughout town, and the Public Safety Complex, Community
Cultural Center, Town Hall Offices, Terry Pool Park, Town Green Alumni
Park and Firehouse #5 will benefit from exterior lighting upgrades
resulting in more than 1.6 million kWh in annual electric savings.
Further leveraging the resulting energy savings, East Hartford has
engaged Ameresco for the duration of the contract to provide on-going
maintenance of the new LED fixtures in the case of outages, repair, or
damage ensuring the benefits will continue for East Hartford.
“East Hartford is working with Ameresco to develop and implement an
energy efficiency project that we are confident will benefit our entire
community,” said Mayor Marcia Leclerc. “The budget savings generated
under the ESPC has allowed us to secure much needed capital
improvements, and our project will be paid completely by the
savings—resulting in no net cost increase to the Town budget or East
Hartford taxpayers.”
“Ameresco commends Mayor Leclerc for her leadership in utilizing the
performance contract model and we are pleased to be partnering with the
Town of East Hartford for their energy efficiency and sustainability
initiatives,” said Michael Daigneault, Vice President, Ameresco. “The
Town’s LED street light project offers a great example of utilizing the
budget-neutral ESPC process to make municipal infrastructure
improvements that pay for themselves while the projects enhance and
benefit the overall community.”
LED street lights provide dramatic reductions in energy and maintenance
costs, and deliver improved lighting, visibility and aesthetics that
offer enhanced public safety. Under the ESPC, Ameresco is installing
nearly 5,000 street lights, replacing old lamps with the latest solid
state LED technology. In addition, a variety of 174 Shoebox, Wall-pack
and Flood-style LED exterior fixtures are being installed. The project
is currently underway and is expected to be completed in the spring of
2015.
The increased efficiency and decreased long-term operating cost that LED
technology provides is expected to allow the Town the ability to improve
service while keeping costs in line, paying dividends well into the
future.
About East Hartford, CT
East Hartford is a town in Hartford County, located on the east bank of
the Connecticut River, directly across from Hartford, Connecticut. The
town includes the neighborhoods of Burnside and Hockanum. East Hartford
is a remarkable place to live, work and raise a family because it
possesses a dynamic business environment while maintaining a friendly
and unique small-town character rich in history and steeped in
tradition. From historical buildings to major international
manufacturing organizations, East Hartford has it all: a diverse
population, capable workforce, recreational space and walking trails,
great schools, dedicated civic organizations, a strong faith community,
and citizens who are committed to making East Hartford a place to
thrive. The town has a total area of 18.7 square miles, of which 18.0
square miles is land and 0.73 square miles, or 3.93%, is water. The
population is approximately 51,252. For more information, visit www.easthartfordct.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 69 offices in 34 states,
five Canadian provinces and the United Kingdom. Ameresco has more than
1000 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.
Copyright Business Wire 2014