Ameresco, Inc., (NYSE:AMRC), a leading energy
efficiency and renewable
energy company, and the Holyoke Housing Authority (HHA), a high
performing Housing Authority in western Massachusetts, jointly announced
today they will begin construction this month on a second energy
performance contract (EPC) totaling $2.3 million. This project is
expected to provide over $4.5 million in energy and water savings to the
Authority over the 15 year term. Upgrades will be made to over 600 units
in the Authority’s portfolio and will improve water efficiency,
temperature and lighting controls, boiler equipment, and weatherization.
“This project not only will provide savings to our operating budget, but
also is expected to upgrade our developments and improve resident
comfort,” said Matthew Mainville, HHA’s Executive Director. “Ameresco
completed an Energy Audit for HHA that identified the efficiency
opportunities, and HUD provides incentives for us to implement the
recommendations.”
“Ameresco’s team of public housing specialists worked with the Holyoke
Housing Authority on one of the first public housing energy performance
contracts in the late 1990s, and we are very excited to continue that
partnership,” said David J. Anderson, Executive Vice President,
Ameresco. “This project benefits HHA and also stimulates the local
construction economy.”
The U.S. Department of Housing and Urban Development (HUD) provides
incentives for efficiency improvements. Under an EPC financed using
savings from HHA’s utility operating funding, there is no up-front cost
required of HHA. With more than 30 years of experience, Ameresco’s public
housing team has implemented performance contracts with project
capital exceeding $460 million in North America. Ameresco has
implemented improvements for over 130,000 households (and counting)
under performance-based energy and water services contracts.
Construction of the project will commence this month, and will continue
through 2015.
About Holyoke Housing Authority, Holyoke, MA
Holyoke Housing Authority owns and operates 821 conventional public
housing units in 12 developments and scattered sites throughout the
city, ranging from high-rise apartments to multi-family and
single-family homes. The Holyoke Housing Authority also administers the
Section 8 Housing Choice Voucher and Massachusetts Rental Voucher
programs, which provide rental vouchers for approximately 1,400 units of
housing in the private market.
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.
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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