Ameresco Quantum Expands Leadership in Pacific Northwest with Major Energy Efficiency Project with Oregon’s Reed College

  Ameresco Quantum Expands Leadership in Pacific Northwest with Major Energy
  Efficiency Project with Oregon’s Reed College

    $5.4 million Energy Savings Performance Contract includes campus-wide
efficiency upgrades to help Portland-area college reduce energy use and carbon
                                  footprint

Business Wire

FRAMINGHAM, Mass. & PORTLAND, Ore. -- November 07, 2012

Ameresco, Inc., (NYSE:AMRC), a leading energy efficiency and renewable energy
company, announced today that Ameresco Quantum, Inc., has started work on a
comprehensive Energy Savings Performance Contract (ESPC) for Reed College in
Portland, Oregon. The $5.4 million ESPC is expected to help the college save
in excess of $2.7 million over 10 years through campus-wide operational and
energy efficient upgrades while reducing its annual CO[2] emissions by 2.65
million pounds.

After recently celebrating its 100^th anniversary, Reed College recognized the
value of a thorough evaluation of the 960,446 square feet of campus buildings.
The administration looked to significantly reduce the college’s environmental
impact by minimizing energy use, maximizing equipment life, and maintaining
and improving on the livability of their building environments. By providing
the college with an accurate existing condition assessment from their
meter-based Total System Evaluation™ (TSE) method, Ameresco Quantum was able
to identify and prioritize major improvements to eight buildings plus
campus-wide lighting and water measures to support recognized operational and
sustainability goals.

“With some of the college buildings dating back to 1912, Reed wanted to
investigate means to maximize our energy opportunities moving forward. The
college looked for a partner that would take a unique and collaborative
approach to matching the appropriate energy and water efficiency solutions to
our diverse set of mechanical equipment and controls,” said Townsend Angell,
Reed College’s Director of Facilities Operations. “We selected Ameresco
Quantum based on their history of working on similar projects in the Pacific
Northwest and their track record of measurable results. We welcome the
opportunity to implement the various facility enhancements that will represent
real cost savings and enable the institution to realize effective
sustainability and energy management solutions within our budget.”

Based on the comprehensive TSE energy and water audit of the college’s
facilities, Ameresco Quantum identified potential energy savings measures
including campus-wide interior, exterior lighting and plumbing upgrades, as
well as installing a more energy efficient and controlled HVAC system to lower
energy use and improve building occupant comfort. In addition, new energy
efficient technologies will be installed on the campus-wide boiler system,
including HVAC controls, and the installation of a new energy dashboard for
stricter monitoring and regulation of the campus-wide steam system.

“We are pleased to partner with Reed College and we have worked closely with
their facilities team to identify the energy savings potential and to
recommend solutions that will improve the quality of the facilities and
infrastructure on a budget-neutral basis,” said Mike O’Connor, Vice President,
Northwest Region for Ameresco Quantum. “In addition, we have explored other
funding mechanisms for the project, including a $300,000 Energy Trust of
Oregon incentive that we have secured. Once the project is complete, the
energy conservation and efficiency program will significantly reduce the
energy demands and related costs for all facilities, and improve the living
and learning environments for the entire Reed College community.”

This project with Reed College comes on the heels of Ameresco Quantum’s
partnership with Portland Public Schools as well as 17 of Washington’s 34
community and technical colleges, for which Ameresco Quantum has obtained
nearly $7 million in energy and operational savings grants from the Washington
Department of Commerce. As one of the largest providers of energy services in
the Pacific Northwest, Ameresco Quantum has implemented energy savings
performance contracts for over 100 colleges, school districts, municipalities
and state agencies. Ameresco pioneered the ESPC financing model, making the
budget-neutral solution an increasingly popular option when modernizing a
single facility or providing a comprehensive campus-wide energy management
system.

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 63 offices in 34
states and five Canadian provinces. Ameresco has more than 900 employees. For
more information, visit www.ameresco.com.

About Reed College

Reed College was founded in 1908 in Portland, Oregon, as an independent,
coeducational, nonsectarian college of the liberal arts and sciences. Reed
provides one of the nation’s most intellectually rigorous undergraduate
experiences, with a highly structured academic program balancing broad
distribution requirements and in-depth study in a chosen academic discipline.
Social life at Reed consists of a wide variety of on- and off-campus
opportunities for diversion, including art, music, theatre, lectures, movies,
and sports. The list of activities and organizations is long and constantly
growing—with every activity open to all. For more information, visit
www.reed.edu.

Contact:

Ameresco, Inc.
CarolAnn Hibbard, 508-661-2264
news@ameresco.com
 
Press spacebar to pause and continue. Press esc to stop.