Carbon & Energy Fund Framework Win Creates Exciting Opportunities for Ameresco
NHS and public sector can achieve up to 30pc annual energy savings each year 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 Carbon & Energy Fund (CEF) framework.
The CEF framework has been created to fund and facilitate major energy upgrade projects within the NHS and public sector, providing access to £300m of capital funding for Energy Performance Contracts (EPCs) and District Heating Network schemes.
It is one of four new public sector framework wins for Ameresco UK, alongside Re:Fit, Yorkshire Procurement Organisation (YPO) CHP Framework, and the Scottish non-Domestic Energy Efficiency scheme (ScNDEE).
The CEF framework was launched in 2011 to fund and facilitate energy upgrades for the NHS, but is now also open to the wider public sector, with millions of pounds available for investing in new and improved energy efficiency systems and technologies. Typically each contract through the framework will be looking at achieving between 15pc and 30pc in energy savings every year.
Britta MacIntosh, VP of UK Operations London, said: “The Carbon & Energy Fund is one of the most progressive and innovative organisations in the UK when it comes to funding energy efficiency schemes.
“Its track record in facilitating complex projects aligns with Ameresco’s ambition to help public sector bodies to identify and pursue the right opportunities, as well as overcoming barriers in project delivery. Ameresco UK is currently working on a range of exciting procurement opportunities through the CEF, combining our robust engineering expertise and objective viewpoint to explore a number of schemes.”
Through the process, Ameresco UK will have the opportunity to identify, design and implement a range of cost and energy and carbon saving measures such as CHP (Combined Heat & Power), lighting, heating, ventilation and cooling (HVAC), control systems and where appropriate renewable technologies. Ameresco UK will then guarantee the savings for the duration of the contract and report savings 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.
“For many organisations such as NHS Trusts, 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.