Company Description
Ameresco, Inc. (NYSE: AMRC) is an energy infrastructure solutions provider that focuses on helping customers reduce costs, enhance resilience, and decarbonize to net zero as part of the global energy transition. Founded in 2000 and headquartered in Framingham, Massachusetts, the company works with public- and private-sector organizations in North America and Europe. According to its public disclosures, Ameresco implements smart energy efficiency solutions, upgrades aging infrastructure, and develops, constructs, and operates distributed energy resources.
Ameresco’s stated customer base spans Federal, state and local governments, utilities, data centers, educational and healthcare institutions, housing authorities, and commercial and industrial customers. The company positions itself as a full-service partner that reduces energy use and delivers energy infrastructure solutions tailored to these sectors. Its activities include project development and execution as well as ownership and operation of certain energy assets.
Business focus and solutions
Based on the company’s descriptions in press releases and investor materials, Ameresco’s portfolio covers several categories of energy infrastructure work. These include implementing smart energy efficiency measures, modernizing and upgrading existing infrastructure, and developing distributed energy resources that can be located close to end users. The company has highlighted projects involving solar photovoltaic (PV) systems, battery energy storage systems (BESS), renewable natural gas (RNG) facilities using landfill gas, and geothermal-based heating and cooling.
Ameresco also describes itself as delivering diversified generation solutions and energy infrastructure solutions that support resilience and decarbonization. In various announcements, it has referenced work on microgrids, grid modernization, and energy resiliency solutions for mission-critical facilities and communities such as schools, hospitals, military bases, data centers, corporate facilities, and local governments.
Geographic reach and workforce
Ameresco states that it provides local expertise in North America and Europe. The company reports having more than 1,500 employees, who support customers across these regions. Its projects and partnerships cited in recent news include work with municipalities, school districts, healthcare providers, industrial companies, and environmental services firms in multiple U.S. states.
Examples of project types mentioned in public disclosures
- Solar photovoltaic installations: Ameresco has reported developing rooftop and carport canopy solar PV systems for an Orange County, California school district, as well as solar PV systems across municipal facilities in Chandler, Arizona. In these projects, the company describes designs that support long-term energy independence and cost savings.
- Battery energy storage systems (BESS): The company has announced development and commercial operation of a 50 MW / 200 MWh battery energy storage system in Kingman, Arizona, described as a behind-the-meter project supporting an industrial customer’s facility expansion and helping stabilize electric load.
- Renewable natural gas (RNG): Ameresco has reported bringing online a renewable natural gas facility at a landfill in Illinois. The facility is described as capturing landfill gas and upgrading it into pipeline-quality RNG that can be used as a low-carbon transportation fuel and for other applications.
- Geothermal and solar for institutional customers: In collaboration with a rural hospital in Washington state, Ameresco has described projects involving a ground source heat pump system and solar carports intended to reduce utility costs, improve efficiency, and strengthen sustainability.
- Fleet electrification and EV charging infrastructure: The company has announced a design-build contract to deploy electric vehicle charging infrastructure across county-owned facilities in Maryland, including strategic analysis of fleet data and charging simulations to determine right-sized solutions.
Customer sectors highlighted in recent communications
Across its news releases, Ameresco identifies recurring customer categories:
- Public sector: Federal, state and local governments, municipalities, housing authorities, and public entities such as school districts and counties.
- Institutional and community organizations: Educational institutions, healthcare institutions, and community hospitals.
- Utilities and energy partners: Utilities and cooperatives involved in power delivery and grid operations.
- Commercial and industrial customers: Data centers, industrial companies such as a steel producer, and corporate facilities.
Ameresco’s communications emphasize projects that aim to reduce energy costs, improve resilience, and support decarbonization goals for these customer groups.
Business segments and revenue visibility
In its financial reporting, Ameresco describes multiple business segments, including U.S. Regions, U.S. Federal, Canada, Alternative Fuels, Non-Solar Distributed Generation, and All Other. The company has also discussed revenue contributions from Projects, Energy Assets, Operations & Maintenance (O&M), and Other categories in quarterly results. It has reported a project backlog and O&M revenue backlog, as well as energy asset visibility, as indicators of long-term revenue visibility.
The company’s communications reference awarded project backlog, contracted project backlog, and total project backlog, as well as new contracts and new awards. It also reports metrics related to operating energy assets and assets in development, reflecting the role of owned or co-owned energy assets in its business.
Industry recognition and positioning
Ameresco has reported receiving a Gold Award in the Globee Awards for Business in the energy category, citing recognition for achievements in business performance. In describing its role, the company highlights its work on resilient energy infrastructure, grid reliability, and decarbonization for mission-critical facilities and communities.
Stock information and regulatory reporting
Ameresco’s Class A common stock trades on the New York Stock Exchange under the symbol AMRC. The company files reports with the U.S. Securities and Exchange Commission (SEC), including current reports on Form 8-K related to quarterly financial results. These filings reference press releases and supplemental financial information posted to the investor relations section of the company’s website.
Frequently asked questions (FAQ)
The following questions and answers summarize key points drawn from Ameresco’s public descriptions and filings.