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Ameresco, Inc. reports news about energy infrastructure solutions that help customers reduce energy use, modernize facilities, improve resiliency, and add distributed energy resources. Recurring updates include earnings releases, project awards, backlog trends, renewable energy assets, operations and maintenance activity, and energy efficiency work for government, education, healthcare, utility, data center, housing authority, and commercial customers.
Company announcements also cover solar installations, HVAC and LED upgrades, performance savings contracts, renewable fuels and biogas activities, sustainability reporting, and strategic capital actions tied to its energy asset portfolio. Ameresco operates across North America and Europe through segments that include North America Regions, U.S. Federal, Renewable Fuels, Europe, and other activities.
Ameresco (NYSE: AMRC) has partnered with the Los Angeles Unified School District (LAUSD) to implement a $20.7 million solar and EV charging infrastructure project across five middle schools. The project involves installing 2.7 MW of solar carport and shade structure PV systems at Northridge, Pacoima, Sherman Oaks, Sun Valley, and Sutter middle schools.
The initiative is part of a larger program to install solar at 21 LAUSD schools, supporting the district's 2019 Clean Energy Resolution targeting 100% clean energy by 2040. The comprehensive 21-school program is expected to generate up to $168 million in utility cost avoidance over the 25-year project term, with a net cost avoidance of up to $45.7 million after implementation and maintenance costs.
Ameresco (NYSE: AMRC) has announced the successful start of commercial operations for its 1.3 MW solar photovoltaic canopy project in Reston, Virginia, developed in partnership with BXP (NYSE: BXP). The innovative system, mounted on a downtown parking garage at Reston Town Center, is expected to generate approximately 1.5 million kilowatt-hours of renewable energy annually.
The behind-the-meter project, completed in late 2024, transforms the parking facility into a megawatt-scale renewable energy plant while providing covered parking. The installation will deliver cost savings through competitive energy pricing, enhance energy security, and reduce grid dependence for BXP's Reston Town Center facility.
Ameresco (NYSE: AMRC), a leading energy solutions provider, has announced its management team's participation in three upcoming investor conferences in May and June 2025:
- May 28: SVP/CIO Josh Baribeau will attend Craig-Hallum's 22nd Annual Institutional Investor Conference in Minneapolis
- June 3: EVP/CFO/CAO Mark Chiplock and SVP/CIO Joshua Baribeau will participate in Stifel's 2025 Boston Cross Sector Conference
- June 25: SVP/CIO Joshua Baribeau and President Lou Maltezos will attend ROTH's 15th Annual London Conference
Ameresco (NYSE: AMRC) has secured a significant financial arrangement through its subsidiary, featuring a $78 million Series A note to finance a battery energy storage asset under construction, with maturity in 2045. The comprehensive deal includes planned Series B notes for a solar-plus-storage project and a $300 million uncommitted private shelf facility for future energy assets.
The agreement, established with CounterpointeSRE and Barings, also encompasses investment tax credit transfer arrangements for the battery asset and future projects. This strategic financing structure aims to accelerate Ameresco's deployment of resilient energy infrastructure, focusing on cost savings, resilience, and decarbonization initiatives.
Ameresco (NYSE: AMRC) has secured approval from An Bord Pleanála for a significant upgrade to the Kilvinane Wind Farm in Ireland through its subsidiary, Cork Sustainable Energy Limited (CSEL). The wind farm, located in County Cork, consists of three turbines and can produce approximately 8,500 MWh of energy annually. The facility supplies power to Ireland's National Grid, contributing to the country's renewable energy targets.
The upgrade approval was granted based on the project's consistency with local structural characteristics. Ireland holds the position of second-largest producer of wind energy globally in terms of electricity share from wind power. This decision provides greater clarity for wind farm operators and planning authorities regarding routine maintenance activities.
Ameresco (NYSE: AMRC) has successfully completed a groundbreaking $1.6M solar array and battery storage project at Southwest Wisconsin Technical College. The project includes a 300-kilowatt solar array and a 125-kilowatt battery storage system, installed behind the Knox Learning Center.
The system will produce approximately 352,710 kilowatt hours, covering 60% of Building 400's electricity needs and saving about $30,000 annually in utility costs. The installation is part of a 10-year Comprehensive Energy Plan completed in January 2024, aiming for a 62% reduction in building energy use and 100% reduction in greenhouse gas emissions.
The college plans to utilize the solar array and battery energy storage system as educational tools for students and apprentices. The project was officially launched with a ribbon-cutting ceremony on April 24th, marking a significant milestone in the institution's commitment to sustainability and energy efficiency.
Ameresco (NYSE: AMRC) has released its 2024 Impact Report, commemorating its 25th anniversary under the theme 'Doing Well by Doing Good: Showing the Way.' Since its founding in 2000, the company has delivered over $16 billion in energy solutions and managed more than 5 GWe of renewable energy resources.
The report highlights achievements across three core pillars: People, Planet, and Policy. Key accomplishments include approximately 17 million metric tons of carbon dioxide equivalent avoided during 2024 through owned energy assets and customer projects. With over 1,500 employees across North America and Europe, Ameresco continues its mission of energizing a sustainable world through infrastructure upgrades, cost reduction initiatives, resilience enhancement, and decarbonization solutions.
Ameresco (NYSE: AMRC) and Southwest Wisconsin Technical College have completed a groundbreaking $1.6 million solar and battery storage project. The installation features a 300-kilowatt solar array and a 125-kilowatt battery energy storage system (BESS).
The system is designed to offset approximately 60% of electricity consumption in Building 400, one of the campus's most active facilities during summer months. The college expects to achieve annual utility cost savings of about $30,000 while ensuring critical backup power for the Student Services building during outages.
This pioneering installation represents the first solar and storage system of its kind on campus, doubling as an educational resource for students pursuing careers in renewable energy and sustainability. The ribbon-cutting ceremony is scheduled for April 24, 2025, at the Solar Field behind the Knox Learning Center in Fennimore, Wisconsin.