Ameresco Boosts Public Sector Energy Offering with Re:Fit Framework Win
Local authorities, schools and hospitals can achieve up to 30pc annual energy savings with Energy Performance Contracts
FRAMINGHAM, MA and LONDON, UK – June, 2016 – Ameresco, Inc. (NYSE:AMRC), a leading energy efficiency and renewable energy company, announced today that Ameresco UK has secured a place on the £1.5bn Re:Fit framework, after targeting the public sector as a major area for growth.
The Re:Fit framework was initially a London-focused programme, but now operates throughout England and Wales, providing substantial funding for energy efficiency projects in hospitals, schools and other public buildings.
It is one of four new public sector framework wins for Ameresco UK, alongside the Carbon & Energy Fund (CEF); Yorkshire Procurement Organisation (YPO) CHP framework and Scottish non-Domestic Energy Efficiency programme (ScNDEE).
The framework will use Energy Performance Contracts (EPCs) to secure funding for investing in new and improved energy efficiency systems and technologies, potentially valued at millions of pounds. Typically each contract through the framework will be looking at achieving between 15pc and 30pc in annual energy savings.
Britta MacIntosh, VP of UK Operations London, said: “We intend to be very active in working with Re:Fit to support public sector organisations in identifying significant energy and cost saving schemes. Ameresco’s engineering expertise, aligned with our independence, will allow us to develop schemes with a broad mix of renewable and energy efficient systems, from CHP and controls to solar and energy management software.”
Through the process, Ameresco UK will have the opportunity to identify, design and implement a range of cost and energy and carbon saving measures, as well as provide evaluation through a robust monitoring and verification program.
Ameresco has worked on a wide range of multi-million dollar public sector projects within the US, with clients including the Federal Government, municipalities, schools and public housing authorities. The company is now looking to use its wealth of experience and expertise to support organisations in the UK.
Ms. MacIntosh said: “The public sector is under increasing pressure to cut spending, while also meeting specific carbon targets. There are realistic and measurable ways to achieve this and EPCs provide a secure, cash positive solution to improve energy efficiency.
“For many organisations such as NHS trusts and local authorities, a lack of funding has meant that energy equipment has not been fully maintained. EPCs will help relieve the backlog maintenance issues, unlocking funds to replace or update facilities and significantly enhance energy efficiency.
“The EPC model guarantees an amount of energy savings over a specified period of time. Therefore organisations achieve a cash positive benefit from year one, and once the contract is fully-paid they enjoy the full savings for the lifespan of the technology.”
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.
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Ameresco: CarolAnn Hibbard, 508-661-2264, [email protected]