Ameresco Inc Stock Price, News & Analysis

Ameresco, Inc. (NYSE: AMRC) and Bright Canyon Energy recently held a groundbreaking ceremony for the Kūpono Solar Project in ‘Ewa, designed to generate 42 megawatts (MW) of renewable energy, powering about 10,000 homes in O‘ahu. The project, which includes a solar array and lithium-ion battery storage, will reduce carbon dioxide emissions by over 50,000 tons annually. This joint venture supports Hawaiian Electric's grid and aligns with the state’s 100% clean energy goal by 2045. Construction is set to finish in early 2024.

Ameresco, Inc. (NYSE:AMRC) will announce its third quarter 2022 financial results after market close on November 1, 2022. The earnings release will be available on the Company’s Investor Relations website. A conference call will take place at 4:30 p.m. ET, and participants can pre-register to access the call. Additionally, supplemental financial information will be shared via a Current Report on Form 8-K, which will also be accessible through the Investor Relations section of the website.

Ameresco, Inc. (NYSE:AMRC), a frontrunner in clean technology and energy efficiency, announces participation in Oppenheimer's Virtual ESG Summit on September 29, 2022. Executive VP and CFO Doran Hole will represent the company, hosting virtual investor meetings throughout the day. Founded in 2000 and headquartered in Framingham, MA, Ameresco provides energy efficiency and renewable energy solutions across North America and Europe, catering to various sectors including government and commercial clients.

Taylor Farms, North America's largest fresh foods producer, partners with Bloom Energy (NYSE: BE) and Ameresco (NYSE: AMRC) to create a microgrid at their California facility. The setup includes 6 MW of Bloom fuel cells, 2 MW of solar power, and a 2 MW/4 MWh battery. This system aims to provide reliable and independent energy, addressing California's forecasted energy shortfalls. The collaboration highlights Taylor Farms' commitment to sustainability and energy independence, ensuring fresh food reliability amidst rising energy challenges.

Ameresco, in partnership with Colorado Mountain College and Holy Cross Energy, is nearing completion of Colorado's largest solar array and battery storage facility, with a capacity of 5MW solar PV and 15MWH storage. The project is set for commercial operation this fall, aiming to supply renewable energy to approximately 1,000 homes. Notably, the project will help avoid annual greenhouse gas emissions equivalent to removing 1,481 vehicles and supports Colorado Mountain College's goal of carbon neutrality by 2050.

Ameresco has achieved the 2022-2023 Great Place to Work® certification, marking its first time receiving this recognition. The certification reflects employee feedback, emphasizing the company's positive workplace culture where employees feel valued and trusted. Ameresco is committed to employee investment and fostering sustainability leaders. The CEO, George Sakellaris, expressed pride in the certification, highlighting the company's focus on a sustainable future.

Ameresco, Inc. (NYSE: AMRC) has announced a $140 million project to enhance mission-critical energy infrastructure at Joint Base McGuire-Dix-Lakehurst (JBMDL). The project includes a $92 million second phase, adding on-site solar power and energy efficiency measures following an initial $48 million task order in 2021. Key components involve deploying 32 megawatts of solar PV, a 2MW/4MWh battery energy storage system, and retrofitting over 90,000 LED fixtures, resulting in an expected $4.7 million in annual energy savings.

Ameresco has completed a 2.6 MW solar project in Danville, Illinois, built on a former General Motors site. This installation features over 6,600 solar modules and is expected to generate more than 3.6 million kWh of electricity annually, offsetting 1,500 metric tons of CO2 emissions, equivalent to powering 350 homes. The project aligns with Illinois' Future Energy Jobs Act, contributing to the state’s clean energy goals by utilizing brownfield sites.

HSGS-Ameresco has been awarded a contract for a microgrid installation at White Sands Missile Range, enhancing energy reliability for military operations. The microgrid will include a 700kW solar array, 500kW natural gas generator, and a 500kW battery storage system to ensure continuous power for potable water wells during outages. Construction starts in December 2022 and is expected to finish by late 2023. This project underscores the company’s commitment to national security and energy resilience, though it does not impact previously reported backlog figures.