Ameresco Inc Stock Price, News & Analysis

Ameresco, Inc. (NYSE: AMRC) has announced the appointment of Charles R. Patton to its Board of Directors. Patton brings over 30 years of experience in corporate sustainability and public policy, previously serving as Executive Vice President at American Electric Power Company (NASDAQ: AEP) until July 2022. His expertise includes overseeing compliance and sustainability initiatives and managing customer service and regulatory affairs.

Patton expressed enthusiasm about joining Ameresco, emphasizing the company's potential as a leader in energy solutions aimed at achieving net zero goals. Chairman and CEO George P. Sakellaris highlighted Patton's unique perspective and strategic planning skills as valuable assets to the company's growth.

Ameresco, Inc. (NYSE: AMRC) has announced a partnership with St. John’s College in Santa Fe for a significant solar and energy efficiency project aimed at saving over $100,000 annually. The initiative includes the installation of 1,670 solar panels and 20 electric vehicle charging stations. These upgrades are expected to reduce the college's carbon footprint by 858 metric tons, which equates to the annual energy consumption of 167 homes.

The project, fueled by a senior gift from the Class of 2019, will also enhance facility infrastructure through lighting retrofits, HVAC improvements, and water system upgrades. Ameresco's collaboration with St. John’s symbolizes a commitment to sustainability and innovation in energy efficiency.

Ameresco, Inc. (NYSE: AMRC) has formed a strategic alliance with Sunel Group to bid on renewable energy projects totaling over 1.5 GWp across the UK, Greece, Italy, Spain, and Romania.

The partnership has already been awarded the ‘Delfini’ solar project in Greece, with a capacity of 100 MWp and a projected contract value of over $500M USD.

This collaboration focuses on enhancing renewable energy solutions and aims to significantly reduce carbon emissions while providing grid stabilization services through battery energy storage systems.

Ameresco, Inc. (NYSE: AMRC) and the City of Missoula, Montana celebrated the completion of a new 545 kW solar PV array, marking Montana's largest behind-the-meter, non-export solar energy project. The system is designed to offset over 20% of the wastewater treatment facility's annual electricity consumption, leading to savings exceeding $7,000 annually, and a reduction of nearly 8,000 MTCO2e in greenhouse gas emissions over its lifespan. This project was constructed without upfront costs to the city under a 25-year solar energy agreement. Construction began in summer 2022 and was completed by March 2023. The initiative aligns with the city's goal for carbon neutrality by 2025.

Ameresco, Inc. (NYSE: AMRC), a leading cleantech integrator, has been awarded the 2023 North American Energy Services Company of the Year by Frost & Sullivan. This recognition highlights Ameresco's excellence in customer impact, innovative solutions, and strong financial performance in the energy services sector.

With over $13 billion in project deliveries, Ameresco demonstrates significant growth potential, serving a diverse range of clients across North America. The award reflects the company's commitment to energizing a sustainable world and implementing comprehensive solutions for clients' energy efficiency and sustainability goals.

Frost & Sullivan’s rigorous selection process evaluates nominees based on their ability to address unmet customer needs and enhance financial performance.

Ameresco, Inc. (NYSE:AMRC) will release its first quarter 2023 financial results on May 1, 2023, after market close. Investors can access the earnings report on the 'Investor Relations' section of the company’s website. A conference call is scheduled for 4:30 p.m. EDT the same day, with pre-registration advised. Supplemental financial information will be provided via a Current Report on Form 8-K. Founded in 2000, Ameresco is a leading clean technology integrator, providing energy efficiency and renewable energy solutions across North America and Europe, delivering sustainable infrastructure upgrades and project operations.

Ameresco, Inc. (NYSE: AMRC) and Redflow Limited (ASX: RFX) have established a strategic relationship to integrate Redflow's advanced non-lithium battery energy storage technology into Ameresco's energy solutions. Ameresco aims to use Redflow's zinc-bromine flow batteries for medium- to long-duration energy storage applications. This partnership is expected to enhance Ameresco's portfolio, allowing it to meet growing market demands for non-lithium solutions. The two companies plan to deploy a commercial demonstration system and explore various customer engagements, positioning themselves for significant market opportunities in the renewable energy sector.