Ameresco Inc Stock Price, News & Analysis

Ameresco (NYSE: AMRC) has completed a project in El Campo, Texas, upgrading 4,805 water meters and implementing a fixed-based Advanced Metering Infrastructure (AMI) system. This initiative enhances meter accuracy, reduces operational costs, and allows for automated, wireless readings, eliminating estimated readings and billing errors. The city anticipates $92,052 in first-year cost savings and improved revenue collection. The project, finalized in May 2021, supports El Campo's smart city goals and enhances transparency for residents.

Ameresco, Inc. (NYSE: AMRC) has been chosen by the City of Mesquite, Texas to implement a comprehensive smart metering infrastructure project. This initiative will replace over 42,000 water meters with solid-state technology and an advanced metering infrastructure (AMI) system, aimed at saving operational costs and reducing billing errors. The project is expected to enhance customer service through better data access and is set to be completed within two years. Positive impacts include operational savings and increased accuracy in water consumption management.

Ameresco, Inc. (NYSE:AMRC), a leader in cleantech integration and renewable energy, has announced its participation in several investor conferences. On September 10, 2021, Executive VP Michael Bakas will join the Barclays Energy Conference at 8:35 am ET. Followed by a session on September 15, 2021 at the Tudor, Pickering, Holt & Co. Natural Gas Virtual Conference at 10:30 am ET, featuring CFO Doran Hole. Lastly, on September 28, 2021, Nicole Bulgarino will partake in the Oppenheimer ESG Summit at 12:20 pm ET.

Ameresco (NYSE:AMRC) has announced a partnership with the City of Seabrook, Texas, to install over 4,100 water meters as part of a smart metering infrastructure improvement project. This initiative aims to replace aging equipment, enhance meter accuracy, and is expected to save the city more than $50,000 annually. The upgrades will not only reduce operational costs but also improve customer service and IT infrastructure support. Construction is scheduled for completion by the end of 2021, with a new customer portal launching in spring 2022.

Ameresco, (NYSE: AMRC) has been awarded a prime contract by Naval Facilities Command Mid-Atlantic for a construction contract vehicle valued at $950 million over 5 years. This will support projects in the Hampton Roads region of Virginia, enhancing infrastructure for Navy facilities. Previously, Ameresco executed over $200 million in energy projects for NAVFAC MIDLANT. The contract indicates an expansion of Ameresco’s services into design-build construction, reinforcing its partnership with the Navy.

Ameresco has partnered with Tarleton State University to launch an energy and water conservation project. This initiative aims for a 21-23% reduction in electricity and a nearly 33% decrease in water consumption annually. Funded through generated utility savings, improvements will include LED lighting, water fixture upgrades, and HVAC system replacements. Project construction began in June 2021 and is scheduled for completion by June 2022. Ameresco has previously collaborated on nine other projects within the Texas A&M University System.

Ameresco, Inc. (NYSE: AMRC) has announced a joint venture with Hannah Solar Government Services (HSGS), a Service-Disabled Veteran-Owned Small Business. The partnership is part of the SBA Mentor Protégé Program, aimed at helping small businesses secure government contracts. This venture will leverage HSGS's previous collaborations with Ameresco on projects for the Department of Veterans Affairs and other federal agencies. The aim is to enhance cleantech solutions to support energy efficiency across government sectors.

Ameresco (NYSE: AMRC) has partnered with the City of Bellmead, Texas, to enhance the city's smart metering infrastructure. The project will involve replacing 3,797 water meters and implementing an advanced metering infrastructure (AMI) system, aimed at improving billing accuracy and operational efficiency. This initiative is expected to boost water and sewer billing revenues while providing residents with access to their utility consumption data via a web portal. Completion of the project is anticipated in early 2022.