Welcome to our dedicated page for Ameresco news (Ticker: AMRC), a resource for investors and traders seeking the latest updates and insights on Ameresco stock.
Ameresco, Inc. (NYSE: AMRC) is an energy infrastructure solutions provider that regularly issues news about its projects, financial performance, and partnerships. Founded in 2000 and headquartered in Framingham, Massachusetts, the company focuses on smart energy efficiency solutions, infrastructure upgrades, and distributed energy resources for public-sector, institutional, utility, commercial, and industrial customers in North America and Europe.
This news page aggregates Ameresco-related updates such as earnings announcements, project milestones, awards, and strategic collaborations. Recent press releases have covered quarterly financial results, upcoming earnings calls, and participation in investor conferences, reflecting the company’s communication with the investment community. They also highlight project activity across sectors, including school districts, municipalities, healthcare providers, industrial facilities, and environmental services partners.
Readers can expect coverage of project developments involving solar photovoltaic installations, battery energy storage systems, renewable natural gas facilities using landfill gas, geothermal-based heating and cooling, and electric vehicle charging infrastructure. News items often describe how these projects aim to reduce energy costs, support decarbonization goals, and enhance resilience for customers such as cities, counties, hospitals, and industrial companies.
For investors and observers tracking AMRC, this page provides a centralized view of Ameresco’s public announcements, from energy infrastructure initiatives and clean energy assets placed into operation to recognition in industry awards programs. It is a useful reference for following how the company presents its role in the global energy transition and its activities across different customer segments and regions.
Ameresco, Inc. (AMRC) has commenced a $173 million energy savings performance contract project at Norfolk Naval Shipyard (NNSY) in Portsmouth, Virginia. This initiative includes the construction of a 19-MW combined heat and power plant, a 3-MW battery energy storage system, and a microgrid control system, expected to reduce grid electricity use by 68%. The project aims to enhance energy security and deliver over $411 million in guaranteed cost savings over the performance period. Construction is set to conclude in 2022, with operations maintained until January 2044.
Ameresco (NYSE: AMRC) and Wells Fargo (NYSE: WFC) have announced a collaboration to develop approximately 30 megawatts (MW) of onsite solar generation assets across seven states. This project includes nearly 100 solar photovoltaic arrays at various locations, with construction starting in April and continuing into 2022. As part of its sustainability efforts, Wells Fargo has been using renewable energy for all its global electricity needs since 2017. The initiative is expected to bolster local job creation and tax revenue, while Ameresco's expertise made it the preferred partner for this extensive project.
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Ameresco, Inc. (NYSE:AMRC), a leader in energy efficiency and renewable energy, announced its participation in the Needham Growth Conference on January 14, 2021. Senior Vice President and CFO Doran Hole will present at 10:45 AM ET, joined by CEO George Sakellaris and other management team members for virtual investor meetings throughout the day. With a focus on sustainability, Ameresco provides comprehensive energy solutions, infrastructure upgrades, and renewable energy services across North America and Europe, employing over 1,000 professionals.
Ameresco, Inc. (NYSE:AMRC) announced the mechanical completion of its McCarty Road landfill gas to renewable natural gas plant in Houston, Texas. With a capacity of over 1.1 million Dekatherms per year, the facility processes 4,500 scfm of raw landfill gas. Despite construction challenges during the pandemic and hurricane season, the project achieved completion in December 2020. This collaboration with Republic Services will reduce over 61,000 tons of CO2 emissions annually, supporting sustainability goals. The plant is set to commence commercial operations in early 2021.
Ameresco (NYSE: AMRC) announces that its founder and CEO, George Sakellaris, has been honored as an Environment + Energy Leader E+E 100 Honoree and awarded the Silver Winner in Best in Biz's Executive of the Year category. These awards recognize leaders who demonstrate innovation and commitment to renewable energy solutions. This recognition comes as Sakellaris celebrates 20 years as CEO and the company's 20th anniversary. Ameresco is a provider of energy efficiency and renewable energy solutions across North America and Europe.
Ameresco, (NYSE: AMRC), has successfully completed a plant-wide energy efficiency project for The Mattabassett District in Cromwell, Connecticut. The energy services agreement includes energy conservation measures in 9 buildings, yielding over $1M in savings over the 12-year contract. The project, valued at $983,482, was executed in June 2019, following an award in June 2017. Ameresco's initiatives guarantee an estimated 581,909 kWh in energy savings. The collaboration aims to maintain and further reduce operating costs for the District, noted for its efficiency in wastewater treatment.
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Ameresco, Inc. (NYSE: AMRC) has completed a 5.3 MW-dc solar energy system at San Joaquin County’s Foothill Landfill, marking its second renewable energy project with the County. This project, funded through a power purchase agreement, features 13,770 solar modules and will generate approximately 10,473,000 kWh of electricity in its first year, reducing CO2 emissions by 7,405 tons. The County will receive a $500,000 upfront lease payment, enhancing financial sustainability and promoting local renewable energy development.
Ameresco, Inc. (NYSE: AMRC) has secured a $30 million construction loan facility from Fifth Third Bank to finance its solar projects. The non-recourse facility allows for loan proceeds to be drawn for ongoing solar projects until permanent financing or project sale upon commercial operation. CFO Doran Hole emphasized the flexibility and support this funding provides amidst market challenges. The partnership highlights the continued growth in the solar market and Fifth Third's commitment to renewable energy financing.
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