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Ameresco’s Memphis LED Streetlighting Project Receives 2024 Smart 20 Award for Transformative City Infrastructure

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Ameresco, Inc. (NYSE: AMRC) has received a 2024 Smart 20 Award for its LED Streetlighting, Controls, and Networking Project in partnership with Memphis Light, Gas, and Water (MLGW) and the City of Memphis. The project is expected to save over 37 million kWh of energy annually and reduce greenhouse gas emissions by 26,000 metric tons in Memphis. Ameresco's $47 million cleantech project involves upgrading 77,000 streetlights to energy-efficient LED fixtures, resulting in 55% energy savings and economic growth in Memphis.
Ameresco, Inc. (NYSE: AMRC) ha ricevuto il Premio Smart 20 del 2024 per il suo progetto di illuminazione stradale a LED, controlli e reti in collaborazione con Memphis Light, Gas, and Water (MLGW) e la città di Memphis. Si prevede che il progetto consentirà di risparmiare oltre 37 milioni di kWh di energia all'anno e di ridurre le emissioni di gas serra di 26.000 tonnellate metriche a Memphis. Il progetto cleantech da 47 milioni di dollari di Ameresco prevede l'aggiornamento di 77.000 lampioni a dispositivi LED ad alta efficienza energetica, risultando in un risparmio energetico del 55% e in una crescita economica a Memphis.
Ameresco, Inc. (NYSE: AMRC) ha recibido el Premio Smart 20 de 2024 por su proyecto de Alumbrado Público LED, Controles y Redes en asociación con Memphis Light, Gas, and Water (MLGW) y la Ciudad de Memphis. Se espera que el proyecto ahorre más de 37 millones de kWh de energía anualmente y reduzca las emisiones de gases de efecto invernadero en 26.000 toneladas métricas en Memphis. El proyecto de tecnología limpia de $47 millones de Ameresco implica la actualización de 77.000 luminarias callejeras a dispositivos LED de bajo consumo, lo que resulta en un ahorro energético del 55% y crecimiento económico en Memphis.
Ameresco, Inc. (NYSE: AMRC)는 Memphis Light, Gas, and Water (MLGW)와 멤피스 시와 협력한 LED 가로등, 제어 및 네트워킹 프로젝트로 2024년 스마트 20 상을 수상했습니다. 이 프로젝트는 매년 37백만 kWh 이상의 에너지를 절약하고 멤피스에서 26,000톤의 온실가스 배출을 줄일 것으로 예상됩니다. Ameresco의 4천7백만 달러 규모의 클린테크 프로젝트는 77,000개의 가로등을 에너지 효율적인 LED 조명으로 업그레이드하여 멤피스의 에너지 절약 55% 및 경제 성장을 가져올 것입니다.
Ameresco, Inc. (NYSE: AMRC) a reçu le Prix Smart 20 de 2024 pour son projet de lampadaires LED, de contrôles et de réseau en partenariat avec Memphis Light, Gas, and Water (MLGW) et la ville de Memphis. Le projet devrait économiser plus de 37 millions de kWh d'énergie par an et réduire les émissions de gaz à effet de serre de 26 000 tonnes métriques à Memphis. Le projet de technologie propre de 47 millions de dollars d'Ameresco implique la mise à niveau de 77 000 lampadaires en installations LED écoénergétiques, ce qui entraînera une économie d'énergie de 55 % et une croissance économique à Memphis.
Ameresco, Inc. (NYSE: AMRC) hat den Smart 20 Award 2024 für sein LED-Straßenbeleuchtungs, Steuerungs- und Netzwerkprojekt in Zusammenarbeit mit Memphis Light, Gas, and Water (MLGW) und der Stadt Memphis erhalten. Es wird erwartet, dass das Projekt jährlich über 37 Millionen kWh Energie einspart und die Treibhausgasemissionen in Memphis um 26.000 metrische Tonnen reduziert. Amerescos 47 Millionen Dollar teures Cleantech-Projekt umfasst die Umrüstung von 77.000 Straßenlaternen auf energieeffiziente LED-Leuchten, was zu einer Energieeinsparung von 55% und wirtschaftlichem Wachstum in Memphis führt.
Positive
  • Ameresco's LED Streetlighting Project in Memphis received a 2024 Smart 20 Award for its innovative and sustainable design.
  • The project is expected to save over 37 million kWh of energy annually and reduce greenhouse gas emissions by 26,000 metric tons in Memphis.
  • Ameresco's project supports Memphis's goal of reducing greenhouse gas emissions by 51% below 2016 levels by 2035.
  • The $47 million cleantech project resulted in significant energy savings and emissions reductions, contributing to the city's sustainability.
  • Ameresco's expertise in LED lighting upgrades and controls integration was important for the project's success, leading to better lighting quality and energy savings for Memphis residents.
  • The project also brought economic benefits to Memphis through local talent involvement in the construction of streetlighting upgrades.
  • Ameresco will celebrate the award at the Smart Cities Connect Conference and Expo in Raleigh, North Carolina, on May 7, 2024.
Negative
  • None.

Ameresco’s $47 million cleantech project was recognized among nineteen other global smart cities projects for its innovative, cost-effective, and sustainable design

FRAMINGHAM, Mass.--(BUSINESS WIRE)-- Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced it has received a 2024 Smart 20 Award for its LED Streetlighting, Controls and Networking Project, in partnership with Memphis Light, Gas and Water (MLGW) and the City of Memphis. The winning project is expected to result in annual energy savings of over 37 million kWh and reduce greenhouse gas emissions by over 26,000 metric tons in the Memphis area. The project also supports the City’s sustainability goal of reducing greenhouse gas emissions by 51% below 2016 levels by 2035.

As background, the Smart 20 Awards, which is spearheaded by Smart Cities Connect Spring Conference and Expo, showcases the most transformative smart projects across the globe with current or future municipal-scale impact and application. The awards celebrate innovative smart projects with measurable results including improving quality of life, garnering cost savings, and decreasing emissions.

“We appreciate this recognition of our innovative streetlighting project located in the nation’s 28th-largest city, Memphis, TN,” said Lou Maltezos, EVP, Ameresco. “This strategic project with Memphis Light, Gas and Water (MLGW) and the City of Memphis, will result in marked annual energy savings and emissions reductions. We’re proud to support the City’s next stage of growth with this clean, sustainable infrastructure solution.”

Ameresco was recognized for their success in upgrading over 77,000 citywide streetlights from high pressure sodium luminaires to energy efficient LED fixtures across the Memphis area. The $47 million cleantech project brought forth significant investment in the Memphis economy through collaboration with local talent who were hired to participate in the construction of the streetlighting upgrades. In addition, the project is expected to result in 55% savings in energy consumption, ultimately allowing the upgrades to pay for themselves over the life of the system.

Ameresco’s deep expertise has been invaluable throughout our complex LED lighting upgrade and controls integration project,” said Doug McGowen, president and CEO of Memphis Light, Gas and Water. “Their team’s knowledge was instrumental in every step, from initial evaluation to final implementation. Even though we are still in the final completion phase, the outcome of this LED lighting initiative has already been outstanding, providing better lighting for the residents of Memphis and simultaneously saving energy.”

Ameresco will celebrate the award on May 7, 2024, alongside fellow nominees at a reception preceding the annual Smart Cities Connect Conference and Expo in Raleigh, North Carolina.

To learn more about the smart cities solutions offered by Ameresco, visit https://www.ameresco.com/smart-cities/.

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 reduce costs, 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 1,500 employees providing local expertise in North America and Europe. For more information, visit www.ameresco.com.

Ameresco: Leila Dillon, 508-661-2264, news@ameresco.com

Source: Ameresco, Inc.

FAQ

What award did Ameresco's LED Streetlighting Project in Memphis receive?

Ameresco's LED Streetlighting Project in Memphis received a 2024 Smart 20 Award for its innovative and sustainable design.

How much energy is the project expected to save annually in Memphis?

The project is expected to save over 37 million kWh of energy annually in Memphis.

By how much is the project aiming to reduce greenhouse gas emissions in Memphis?

The project aims to reduce greenhouse gas emissions by over 26,000 metric tons in Memphis.

What is Ameresco's ticker symbol?

Ameresco's ticker symbol is AMRC.

When will Ameresco celebrate the award for the project?

Ameresco will celebrate the award on May 7, 2024, at the Smart Cities Connect Conference and Expo in Raleigh, North Carolina.

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About AMRC

ameresco, inc. (nyse: amrc) is an independent, integrated, comprehensive energy efficiency and renewable energy company that is building a sustainable future with public organizations and private enterprise throughout north america and the united kingdom. through energy audits, innovative engineering, utility-scale solar farms and deep energy retrofits, ameresco applies forward-thinking technology to the challenges of controlling emissions, enhancing energy security and shifting toward clean, renewable sources of power.