Ameresco Partners with the City of Atlanta for Guaranteed Energy Savings Performance Contract
GESPC includes energy saving upgrades to 19 City-owned buildings and
supports the City’s sustainability goals.
Ameresco,
Inc. (NYSE:AMRC), a leading energy
efficiency and renewable
energy company, today announced that the Company entered into a
Guaranteed Energy Savings Performance Contract (GESPC) with the City of
Atlanta for more than $7 million to provide energy efficiency and
infrastructure upgrades to 19 City-owned buildings encompassing over
1.25 million square feet of space. This project also contributes to the
City’s sustainability goals.
The GESPC consists of 13 Energy Conservation Measures (ECMs) that are
expected to be entirely self-funded within the 14-year repayment term
and reduce energy use by 5,604,200 kWh annually. Funded through annual
energy and operational cost savings of $696,000, this project upgrades
the City’s energy infrastructure while also addressing critical capital
improvement needs without any capital cost. Some key building
improvements include interior and exterior lighting upgrades to LED
technology, new chillers, HVAC control re-commissioning and upgrades,
new energy efficient transformers, water conservation measures, and new
premium efficiency motor installations.
David J. Anderson, Executive Vice President of Ameresco said, “In
support of the City’s 100% Clean Energy Plan, Ameresco is pleased to be
an energy services partner for the City of Atlanta’s infrastructure
upgrades initiative. The GESPC model allows the City to make
budget-neutral cost-intensive upgrades. The project is designed to
improve energy efficiency while providing energy savings and reducing
the environmental impact. The environmental benefits include greenhouse
gas (GHG) emission reductions of 3,478 tons of carbon annually.”
Ameresco’s services for the City’s initiative include project
development engineering, GESPC project modeling, ECM detailed design and
engineering, project construction management, equipment and systems
start-up and commissioning, post-construction monitoring, energy rebate
application management, energy savings measurement and verification, and
training of City staff on all installed equipment and systems.
About Ameresco
Founded in 2000, Ameresco, Inc. (NYSE:AMRC)
is a leading independent provider of comprehensive services, energy
efficiency, infrastructure upgrades, asset sustainability and renewable
energy solutions for businesses and organizations throughout North
America and Europe. Ameresco’s sustainability services include upgrades
to a facility’s energy infrastructure and the development, construction
and operation of renewable energy plants. Ameresco has successfully
completed energy saving, environmentally responsible projects with
Federal, state and local governments, healthcare and educational
institutions, housing authorities, and commercial and industrial
customers. With its corporate headquarters in Framingham, MA, Ameresco
has more than 1,000 employees providing local expertise in the United
States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
The announcement of a customer’s entry into a project contract is not
necessarily indicative of the timing or amount of revenue from such
contract, of the company’s overall revenue for any particular period or
of trends in the company’s overall total construction backlog. This
project was reported in our contracted backlog as of March 31, 2018.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180606005207/en/
Copyright Business Wire 2018
Source: Business Wire
(June 6, 2018 - 9:00 AM EDT)
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