Ameresco, Inc., (NYSE:AMRC), a leading energy
efficiency and renewable
energy company, announced today that the company commends Executive
Order 13693—Planning for Federal Sustainability in the Next Decade,
as it bolsters support of long-term opportunities to serve the Federal
Government through energy savings performance contracting and other
contracting mechanisms for energy efficiency and renewable energy
through 2025.
“This Executive Order promotes the use of Federal energy savings
performance contracts, as an important tool to support the government’s
energy efficiency and management goals,” said George P. Sakellaris,
President and Chief Executive Officer of Ameresco. “It also provides
long-term requirements for Federal agencies to reduce their energy
intensity, increase their use of renewable energy and conserve their
water use. Ameresco commends these important initiatives.”
Executive Order (EO) 13693, signed
by the President on March 19, includes various energy and sustainability
requirements for agencies and departments within the Federal Government.
According to the White
House, the EO is designed to support the reduction of the
Government’s greenhouse gas emissions by 40 percent by 2025. The EO
directs Federal agencies to increase the amount of renewable electric
energy from 10 percent in fiscal years 2016 and 2017 to 30 percent by
fiscal year 2025.
The EO also requires agencies to “implement performance contracts for
Federal buildings” by utilizing performance contracting “as an important
tool to help meet identified energy efficiency and management goals
while deploying life-cycle cost-effective energy efficiency and clean
energy technology and water conservation measures.” It also reaffirms
the President’s commitment to performance contracting by requiring
Federal agencies to fulfill existing agency commitments toward the
President’s goal of $4 Billion in Federal Energy Savings Performance
Contracts (ESPCs) and Utility Energy Service Contracts (UESCs) by the
end of calendar year 2016. Agencies also will be required to provide
annual targets for performance contracting to be implemented in fiscal
year 2017 and annually thereafter.
EO 13693 also supports an ongoing commitment to energy efficiency within
Federal buildings by requiring agencies to reduce their energy intensity
by 2.5 percent annually between years 2015 and 2025. This provides
continuity to existing requirements that are scheduled to expire this
year. In addition, Agencies will be required to reduce potable water
consumption by 36 percent by fiscal year 2025.
“The Federal government continues to lead by example in adopting
policies and requirements that promote energy conservation and renewable
energy,” said Nicole Bulgarino, Vice President and General Manager of
Federal Solutions of Ameresco. “These new requirements will help to
support long-term sustainability opportunities. Public-private
partnerships like ESPCs offer budget-neutral solutions that support
these types of energy savings initiatives.”
Ameresco specializes in several Federal contracting mechanisms for
energy efficiency and renewable energy, including ESPCs, UESCs and Power
Purchase Agreements (PPAs). Ameresco currently holds indefinite
delivery, indefinite quantity contracts for ESPCs with the U.S.
Department of Energy and the U.S. Army Corps of Engineers. Last year,
Ameresco was awarded a Multiple Award Task Order Contract (MATOC) to
develop solar, biomass, and wind for Department of Defense
installations. The MATOC is a contract vehicle which allows the Army and
other military services to procure renewable energy through PPAs with
qualified contractors.
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
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.
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