Ameresco Inc Stock Price, News & Analysis

Ameresco, Inc. (NYSE: AMRC) announced a $43 million Energy Savings Performance Contract (ESPC) with the United States Coast Guard for its Training Center in Petaluma, California. This will be the USCG’s first Battery Energy Storage System project and the Department of Homeland Security’s largest solar initiative. The microgrid aims to enhance energy resilience and efficiency, integrating a 5 MW solar array and an 11.6 MWh BESS. Project completion is expected by Fall 2023, with anticipated first-year cost savings exceeding $1.2 million and a reduction in electricity and propane consumption.

Prudential Private Capital has announced a significant financing package for Ameresco PV Holdings X LLC, totaling $40.7 million in senior secured fixed rate notes, $4.1 million in second lien floating rate notes, and a $60.0 million undrawn Pru-Shelf facility. This funding aims to support Ameresco's expansion and diversification of its solar project portfolio across the U.S. Prudential's investment reflects confidence in Ameresco's mission of delivering energy-efficient and renewable solutions.

Ameresco, Inc. (NYSE:AMRC) has partnered with Wells County, Indiana for a comprehensive renovation of its jail facility, expected to reduce operational costs by $560,000 annually. The project follows a detailed audit identifying critical upgrades to mechanical, electrical, and plumbing systems, including HVAC replacements and LED lighting retrofits. Construction is set to begin in October 2021 and conclude by October 2022. Improvements aim to enhance safety for both inmates and staff, particularly in addressing Covid-19 related concerns.

Ameresco, Inc. (NYSE:AMRC) announced that its Senior Vice President and CFO, Doran Hole, will participate in a panel on "Energy Efficiency Implications as IoT Brings the Cloud Back to Edge" at the Stifel ESG and Impact Summit. This event is scheduled for October 4, 2021, at 12:00pm ET. Ameresco, a leader in cleantech and renewable energy, focuses on energy efficiency and sustainability solutions across North America and the UK, supporting clients in their Net Zero goals through various energy infrastructure upgrades and renewable projects.

Ameresco, Inc. (NYSE: AMRC) has completed the installation of approximately 300 LED lights at Paul Brown Stadium, home to the Cincinnati Bengals. The new lighting will save Hamilton County taxpayers over $60,000 annually in electric costs. This project marks the seventh phase of energy efficiency upgrades under a long-term partnership with Hamilton County, which started in 2014. The upgrade replaces outdated metal halide fixtures and includes a 20-year warranty, aiming to enhance sustainability and lighting quality for events at the stadium.

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.