Ameresco Inc Stock Price, News & Analysis

Ameresco Sunel Energy SA has begun construction on Lightsource bp's 560 MWp ENIPEAS solar project in Greece, one of Europe's largest solar sites. The project, located in Larissa and Fthiotida regions, consists of two clusters: Skopia (400 MWp) and Kalithea (160 MWp). It will install nearly 970,000 photovoltaic modules, generating 0.90 TWh of electricity annually, powering 225,000 households, and reducing CO2 emissions by 379 kt per year.

The project is expected to complete within 18 to 24 months and will significantly contribute to Greece's sustainable energy goals and economic resilience. Ameresco Sunel Energy SA, a joint venture between Ameresco, Inc. (NYSE: AMRC) and Sunel Group, is committed to supporting local communities through employment and services.

Ameresco (NYSE:AMRC) and United Power are celebrating the launch of a transformational Battery Energy Storage System (BESS) across Colorado's northern Front Range. The project, totaling 78.3 MW and 313.34 MWh, spans eight substation sites and aims to enhance grid resilience and optimize energy resources for United Power's members.

A ribbon-cutting ceremony is scheduled for July 29, 2024, at 10:00 AM MDT, highlighting this significant advancement in utility infrastructure. The event will feature key executives from both companies and provide media opportunities for interviews and B-roll footage. This initiative marks a important step towards a more sustainable future for the region's energy landscape.

Ameresco (NYSE: AMRC), a cleantech integrator, has announced a significant contract with Snohomish County Public Utility District (PUD) to build a 25-megawatt (MW) battery energy storage system (BESS) in Washington State. This project, the largest standalone battery installation in the Pacific Northwest, aims to enhance electrical system reliability and reduce energy price volatility. The 20-year capacity agreement guarantees 100 megawatt-hours (MWh) of energy storage, with a 25-year tolling agreement making Ameresco the asset owner and Snohomish PUD the exclusive customer. Construction is slated to begin in late 2024 and be operational by late 2025.

Ameresco (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, will release its second quarter 2024 financial results on August 5, 2024, after market close.

The earnings report will be accessible via the Investor Relations section of Ameresco's website.

An earnings conference call is scheduled for 4:30 p.m. EDT the same day, accompanied by supplemental financial information on a Current Report on Form 8-K.

Interested participants can pre-register for the call or listen to the live webcast available on the company's website.

An archived version of the webcast will be available for one year.

Ameresco (NYSE: AMRC), a leader in energy efficiency and renewable energy, has secured a $100M second lien debt financing from Nuveen Energy Infrastructure Credit. This move aims to bolster their balance sheet and support growth initiatives. The financing is structured with attractive, flexible terms and a competitive interest rate, helping Ameresco invest in new assets and acquisitions. The funds will pay off the remaining balance of the Delayed Draw Term Loan A and reduce the outstanding balance on the company's senior secured revolving credit facility. This financing is leverage-neutral for the quarter ending June 30, 2024. Oppenheimer & Co acted as the Lead Arranger for this transaction, which has been formalized through the 6th Amendment to Ameresco's Senior Secured Credit Facility and filed with the SEC on July 1, 2024.

Ameresco announced the completion of an advanced renewable energy system at Fort Detrick, Maryland, in partnership with the U.S. Army. This system includes a 6 MW/6 MWh battery energy storage system (BESS) integrated with an existing 18.6 MW solar energy facility. This integration enhances energy security, sustainability, and resiliency at the base while providing frequency regulation services to the local grid. The project signifies Ameresco's commitment to innovative energy solutions and aligns with the Army's goal of a sustainable and resilient energy future.

Ameresco announced the commercial operations of Kūpono Solar, a 42 MW solar and 42 MW battery storage facility at Joint Base Pearl Harbor-Hickam. This project will power 10,000 homes on O‘ahu with clean energy, reducing CO2 emissions by 50,000 tons annually. The dedication ceremony, attended by key stakeholders, underlined the project's role in stabilizing energy costs and contributing to Hawaii's 100% clean energy goal by 2045. The facility utilizes 131 acres of Navy land under a long-term lease, highlighting strong partnerships with the Navy and Hawaiian Electric.

Ameresco (NYSE: AMRC), a leader in cleantech energy solutions, has won a Gold Stevie® Award for Company of the Year – Energy in the 2024 American Business Awards®. The company, founded in 2000, stood out for its efforts in energy efficiency and renewable energy projects, involving governmental bodies, utilities, healthcare, and educational institutions. Ameresco aims to achieve net zero scope 1 and 2 emissions by 2040 and reduce customers' carbon footprints by 500 million metric tons by 2050. The award recognizes the company's innovation, integrity, effectiveness, creativity, and growth, alongside its expansive project portfolio and sustainability initiatives.

Ameresco announced its participation in various upcoming investor conferences. Key executives, including Executive Vice President and CFO Doran Hole, will host investor meetings and presentations, starting with the Craig-Hallum 21st Annual Institutional Investor Conference on May 29, 2024, in Minneapolis, MN. This will be followed by the William Blair 44th Annual Growth Stock Conference on June 4, 2024, in Chicago, IL. Additional engagements include the Stifel 2024 Cross Sector Insight Conference on June 5, 2024, in Boston, MA; the Baird 2024 Consumer, Technology & Services Conference on June 6, 2024, in New York, NY; the J.P. Morgan Energy, Power & Renewables Conference on June 18, 2024, in New York, NY; and the ROTH 10th Annual London Conference on June 26, 2024, in London, UK. These appearances are aimed at engaging with investors and discussing the company's growth strategies and financial performance.