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Ameresco, Inc. reports news about energy infrastructure solutions that help customers reduce energy use, modernize facilities, improve resiliency, and add distributed energy resources. Recurring updates include earnings releases, project awards, backlog trends, renewable energy assets, operations and maintenance activity, and energy efficiency work for government, education, healthcare, utility, data center, housing authority, and commercial customers.
Company announcements also cover solar installations, HVAC and LED upgrades, performance savings contracts, renewable fuels and biogas activities, sustainability reporting, and strategic capital actions tied to its energy asset portfolio. Ameresco operates across North America and Europe through segments that include North America Regions, U.S. Federal, Renewable Fuels, Europe, and other activities.
Ameresco (NYSE: AMRC) has completed a solar PV project at the Tri-County Career Center in Nelsonville, Ohio, featuring a new 185kW DC solar system with bi-facial solar panels. The innovative system, installed as part of a roof replacement project, is designed to provide up to 20% of the annual energy needs for two buildings while reducing CO2 emissions by 161 tons annually.
The project uniquely involved high school students from the Center's Electrical Trades Program, who gained hands-on experience during the three-week installation of 343 solar panels. Students participated in material handling, racking construction, and panel installation, aligning with Ameresco's initiative to build a future resilient energy workforce.
According to Ameresco's 2024 survey of 600 Gen Z and Millennial workers, 81% expressed interest in renewable energy careers despite understanding of the field. The project serves dual purposes: reducing the Career Center's energy costs and providing practical training in an industry projected to add approximately 1.5 billion jobs annually over the next decade.
Ameresco (NYSE: AMRC) and Hannah Solar Government Services have successfully completed a $10.9 million Water Resiliency Microgrid Project at White Sands Missile Range (WSMR). The project, celebrated with a ribbon-cutting ceremony on February 26, 2025, features an innovative microgrid system integrating:
- 700kW solar photovoltaic array
- 500kW natural gas generator
- 500kW lithium-ion battery system
The system provides backup power to four groundwater wells, ensuring WSMR maintains critical missions during extended power outages. This aligns with the U.S. Army's requirement for 14-day energy and water independence from civilian supplies. The project, executed through a Service-Disabled Veteran Owned Small Business joint venture, demonstrates WSMR's commitment to operational readiness and sustainable energy solutions.
Ameresco (NYSE: AMRC) has partnered with the City of Brockton to modernize and preserve historic buildings through energy-efficient upgrades. The collaboration focuses on two significant projects:
1. City Hall (built 1892): Part of a $7 million energy savings performance contract (ESPC) including advanced lighting, energy management technologies, and HVAC systems. The building will feature a Direct Outdoor Air System (DOAS) for improved air quality.
2. War Memorial Building (dedicated 1930): Underwent $3 million in ESPC improvements including new HVAC, lighting systems, roof, window restoration, and energy-efficient upgrades.
The projects, scheduled for completion in 2025, aim to enhance sustainability while preserving historical integrity. Additional improvements extend to the Council on Aging, city parks, playgrounds, and Cosgrove Memorial Pool.
Ameresco (NYSE:AMRC), a leading energy solutions provider, has announced its management team's participation in four major investor conferences in March 2025:
- Raymond James' 46th Annual Institutional Investors Conference (March 4) in Orlando, FL, featuring CFO Mark Chiplock and SVP Josh Baribeau
- Jefferies' Power, Utilities & Clean Energy Conference (March 5) in New York, with the same representatives
- 2025 ROTH Conference (March 17) in Dana Point, CA, featuring CEO George Sakellaris, CFO Mark Chiplock, and Renewable Fuels President Michael Bakas
- Piper Sandler's 25th Annual Energy Conference (March 18) in Las Vegas, with SVP Josh Baribeau and SVP Leila Dillon hosting investor meetings
Ameresco (NYSE: AMRC) has announced the acquisition of ASA Controls, a Cincinnati-based regional controls contractor and systems integrator. The strategic move strengthens Ameresco's Smart Buildings and Controls offerings and expands its existing pipeline in the smart buildings sector.
Founded in 2003, ASA Controls has established itself through providing high-quality services to general contractors and end users, with a team of engineers, technicians, sales personnel, and support staff. The integration enhances Ameresco's Smart Building Solutions team, increasing capacity to meet growing market demands and offering more comprehensive building automation solutions.
The financial terms of the transaction remain undisclosed, though Ameresco states the acquisition is not expected to materially impact the company's 2025 financial results.
Ameresco (NYSE: AMRC) reported strong Q4 and full-year 2024 results, with total revenue growing 29% year-over-year. The company achieved FY24 revenues of $1,769.9 million and Q4 revenues of $532.7 million. Net income for the full year was $56.8 million with EPS of $1.07.
Key highlights include record Q4 contract conversions of $1.1 billion driving contracted backlog up 92%, and a total project backlog increase of 24% Y/Y to $4.8 billion. The company placed a record 241 MWe of energy assets in operation during 2024.
However, Q4 gross margin of 12.5% was impacted by unexpected cost overruns on two large-scale legacy projects, resulting in a $20 million negative impact. The company successfully divested its AEG business unit, generating a gain of approximately $38.0 million.
Looking ahead to 2025, Ameresco guides revenue of approximately $1.9 billion and adjusted EBITDA of $235 million at midpoints, with plans to place 100-120 MWe of energy assets in service.
CRC Innovations and Ameresco (NYSE: AMRC) have secured an over $200 million Energy Saving Performance Contract (ESPC) to implement capital improvements at U.S. Army military housing across three locations: Fort Bragg, N.C.; Fort Meade, Md.; and Fort Sill, Okla.
The project will modernize 5,000 homes, impacting over 15,000 residents, and is projected to reduce annual electrical consumption by 40% and natural gas consumption by 50%. Key improvements include installing ground source heat pumps, new electricity panels, and meters. The initiative is expected to generate $12.4 million in annual utility and operational cost savings, which will finance the improvements.
The communities, owned and operated by Corvias, will benefit from enhanced comfort, improved heating and cooling systems, and increased resiliency during extreme weather conditions.
Ameresco (NYSE: AMRC) has secured approval for a streetlight technology pilot project in New Orleans, focusing on modernizing the city's lighting infrastructure. The project involves retrofitting 56 existing streetlight fixtures with LED equivalents and smart city technology near the Superdome.
The implementation includes the installation of Ubicquia's UbiCell® lighting management system with 47 UbiCells® and 16 UbiHub® smart city devices, alongside TerraGo's Smart City operations software platform. The system will provide real-time vehicle and pedestrian analytics through camera monitoring systems to enhance public safety.
Ameresco brings significant experience in smart city technology, having implemented smart controls on over 62% of 600,000+ LED streetlights to date. The pilot aims to serve as a blueprint for broader implementation across New Orleans, supporting the city's goals of improved safety and accessibility during major events.
Ameresco (NYSE: AMRC) has been awarded a CAD $26.7 million solar energy project at the 5th Canadian Division Support Base in Oromocto, New Brunswick. The project includes an 8.9 MWdc/7.35 MWac ground-mounted solar system that will generate approximately 8,900 MWh of electricity annually, meeting 20% of the base's electricity needs.
The Gagetown Solar Project will feature 14,496 solar panels and is expected to prevent 7,695 metric tons of CO2 emissions annually while saving the base approximately CAD $1.3 million in yearly utility costs. Ameresco will provide full operations and maintenance services under a 25-year contract, with project completion expected by June 2025.
This initiative supports Canada's Federal Buildings Initiative and the government's commitment to procure 100% clean electricity for federal facilities by 2025.
Ameresco (NYSE: AMRC) announced the successful refinancing and expansion of its term loan and revolving credit facility through a sixth amended and restated senior secured credit agreement. The new agreement, involving a syndicate of lenders including Bank of America, Keybank, Rabobank, Webster Bank, and HSBC, provides up to $50M in additional liquidity.
The refinanced facilities include a $225 million revolving credit facility and a $100 million term loan, both maturing on December 28, 2028. The agreement maintains the same interest rate spreads as the previous one while offering increased financial flexibility. The funds will be used for general corporate purposes, including potential acquisitions, refinancing existing debt, and working capital requirements.