Ameresco to renovate, expand and modernize 24/7 EMS facility with energy efficient upgrades under an ESPC.
FRAMINGHAM, MA and JEFFERSON CITY, MO – May 20, 2014 – Ameresco, Inc., (NYSE:AMRC), a leading energy efficiency and renewable energy company, announced today that work is commencing on the nearly $1.2 million Energy Savings Performance Contract (ESPC) with Cole County, Missouri. The project includes building renovations and expansion of the existing County Emergency Medical Services facility.
Upgrades to the building infrastructure and energy efficiency improvements within the 9,000 square foot facility are expected to save the County more than $89,000 in annual energy and operational costs. The building will also be modernized to provide more comfortable space with greater functionality for EMS staff and other building occupants, while providing reliable, around the clock county-wide emergency medical services for the community.
“This project with Ameresco allows us to significantly enhance our EMS facility, increase the energy efficiency of the building, and improve the inside environment allowing for a better experience for all of our staff and the visiting community,” said Presiding Commissioner Marc Ellinger. “We’re also delighted the project is expected to take 90 days from start to finish.”
Energy efficiency measures include HVAC expansions, energy efficient lighting, plumbing improvements, and electrical additions. A fire detection and notification system will also be installed throughout the entire facility. Once complete, these measures are expected to improve performance, control and comfort at the County facility as well as help to reduce maintenance and operating costs.
“We are delighted to have been selected by Cole County to aid in meeting the needs and energy efficiency goals for the EMS facility,” said Louis P. Maltezos, Executive Vice President, Ameresco. “The budget-neutral ESPC delivers meaningful dollar savings to the County. It’s very rewarding for Ameresco when we partner on a project where the enhancements and improvements impact and benefit an entire community.”
This contract builds on Ameresco’s work throughout Missouri where the Company has completed ESPC projects with Riverview Gardens School District, University City School District, Hazelwood School District, and Metro West Fire Protection District, among others. Ameresco has a long history of partnering with counties, schools, and municipalities to improve energy infrastructure and install renewable energy technologies. Ameresco’s ESPC financing model has made the budget-neutral solution an increasingly popular option for customers across North America. It enables budget-neutral energy efficiency upgrades by guaranteeing a minimum level of energy savings over the term of the contract. Ameresco coordinates the upfront project costs and the County repays that investment with their energy savings over time.
About Cole County
Cole County is in the central part of the state, bounded north by the Missouri River, east by Osage River, and contains 234,466 acres. It is home to Missouri’s State capital, Jefferson City. Cole County was organized on November 16, 1820, when it was named for the intrepid pioneer, Captain Stephan Cole. The county seat was originally located at Marion in 1822, and moved to Jefferson City in 1828. For more information, visit http://www.colecounty.org.
About Ameresco, Inc.
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 facilities throughout North America. Ameresco’s 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 provides local expertise through its 70 offices in 33 states and five Canadian provinces. Ameresco has more than 900 employees. For more information, visit www.ameresco.com.
The announcement of a customer’s entry into or commencement of 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.
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