Ameresco Announces a Contract for Efficiency Upgrades and Emissions Reductions at a Military Base in Western Canada
Ameresco, Inc. announced a contract to upgrade 124 buildings at CFB Edmonton, aiming to save $2M/year and reduce greenhouse gas emissions by 27%. The project includes LED lighting, heating system upgrades, and more, creating environmental benefits and 125 new jobs.
Positive
Upgrading 124 buildings at CFB Edmonton to save over $2 million annually in energy costs.
Implementing energy conservation measures to reduce greenhouse gas emissions by more than 27%.
Creating 125 new jobs in the Edmonton area over the next two years.
Enhancing lighting, heating, cooling, and water systems for improved efficiency and comfort.
Comprehensive project evaluation conducted in 2022, with design stage expected to continue until early 2025.
An analysis of the announced energy upgrades at Canadian Forces Base in Edmonton reveals significant economic and environmental implications. The projected savings of $2 million annually on energy costs indicate a strong financial incentive for such infrastructure investments. The reduction of greenhouse gas emissions by over 27% aligns with broader environmental objectives and could potentially influence carbon credit markets . This project also exemplifies a shift towards green technology , reflecting a growing trend in the cleantech industry that could stimulate similar investments across different sectors.
From an economic perspective, the creation of 125 new jobs is a noteworthy benefit, contributing to the local economy and potentially leading to a multiplier effect in the region. However, it's important to consider the upfront costs and the payback period of such a large-scale project. While the long-term savings are clear, stakeholders should assess the short-term financial impact and any potential disruptions during the implementation phase.
The energy sector is undergoing a transformation, with increased emphasis on sustainability and efficiency. The integration of LED lighting , boiler plant and heating system upgrades and the shift from natural gas to electric heat pump systems represent a significant advancement in energy management. The adoption of a geothermal ground source heat pump system is particularly notable, as it indicates a move towards renewable energy sources that could set a precedent for future military and government facilities.
For investors and companies within the energy sector, this project serves as a case study for the viability of large-scale energy efficiency retrofits. Ameresco's role as a cleantech integrator could see a positive impact on their business, potentially influencing their stock valuation due to the increased demand for energy-efficient solutions and the company's expertise in executing complex projects.
The announcement from Ameresco underscores the importance of sustainable practices in infrastructure. The comprehensive approach taken, from initial audits to feasibility studies, demonstrates a thorough process that could serve as a model for other organizations looking to reduce their carbon footprint. The emphasis on water conservation and building envelope upgrades to increase energy efficiency is a holistic approach to sustainability that addresses multiple aspects of a building's performance.
As businesses and governments increasingly prioritize sustainability, the expertise of companies like Ameresco could become more sought after, potentially leading to market growth in the sustainability consulting sector. Moreover, the environmental improvements made through this project contribute to the global effort to combat climate change, which is becoming an ever more critical component of corporate social responsibility strategies.
03/14/2024 - 08:05 AM
Infrastructure upgrades to 124 buildings at CFB Edmonton designed to provide savings of $2M 27%
FRAMINGHAM, Mass. & EDMONTON, Alberta --(BUSINESS WIRE)--
Ameresco, Inc. , (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, announced a contract to design, engineer and implement energy upgrades across 124 buildings covering 4.6 million square feet at Canadian Forces Base in Edmonton, Canada .
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National Defence Minister Bill Blair, and Employment, Workforce Development and Official Languages Minister Randy Boissonnault at a press conference in Edmonton on March 4, 2024. (Photo: Business Wire)
The energy conservation measures include the installation of LED lighting, boiler plant and heating system upgrades, converting fuel sources from natural gas to electric heat pump systems, upgrading electrical distribution systems and installing a geothermal ground source heat pump system. In addition, the project will replace natural gas clothes dryers with ventless heat pump dryers, install water conservation measures, and upgrade building envelopes to be more energy efficient.
Together, these energy improvements are designed to create saving of over $2 million 27% . In addition to the environmental benefits, the project is expected to create 125 new jobs in the Edmonton area over the next two years.
“CFB Edmonton houses some of the most prestigious and experienced units in the Canadian armed forces,” said Bob McCullough, President, Ameresco Canada. “The enhancements to the lighting, heating, cooling and water systems will provide troops with a more modern, comfortable and efficient energy system while greatly benefit the surrounding community through their lowering of carbon emissions.”
Ameresco undertook a comprehensive project evaluation in 2022, which included the completion of audits, the development of energy-saving measures, and a subsequent feasibility study. This multi-phased project is currently in the design stage, which is anticipated to extend through the remainder of the year and into early 2025. To initiate project implementation, fast-tracked measures will involve the simultaneous replacement of 10 boilers across 5 buildings and initiating LED lighting upgrades in 110 buildings this summer. With multiple initiatives underway, the project's full completion is expected by the end of 2026.
To learn more about the energy efficiency solutions offered by Ameresco, visit www.ameresco.com/energy-efficiency/ .
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes solutions that help customers decarbonize to net zero and build energy resiliency while leveraging smart, connected technologies. From implementing energy efficiency and infrastructure upgrades to developing, constructing, and operating distributed energy resources – we are a trusted sustainability partner. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, utilities, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA , Ameresco has more than 1,300 employees providing local expertise in North America and Europe . For more information, visit www.ameresco.com .
The announcement of a customer’s entry into, or completion 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 project backlog. This project was included in our previously reported contracted backlog as of December 31, 2023.
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Media:
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Source: Ameresco, Inc.
Ameresco aims to upgrade 124 buildings at CFB Edmonton to save $2 million annually in energy costs and reduce greenhouse gas emissions by 27%.
The project includes installing LED lighting, upgrading heating systems, converting fuel sources to electric heat pump systems, and more.
The project is expected to create 125 new jobs in the Edmonton area over the next two years.
The project's full completion is anticipated by the end of 2026.
The project evaluation included audits, development of energy-saving measures, and a feasibility study to plan the upgrades at CFB Edmonton.
