Ameresco Expands Market Share in Ohio with New Energy Efficiency Project at Leading Vocational School

  Ameresco Expands Market Share in Ohio with New Energy Efficiency Project at
  Leading Vocational School

Lorain County Joint Vocational School to save over $4.5 million during 15-year
    contract that includes energy conservation measures and infrastructure

Business Wire

FRAMINGHAM, Mass. & OBERLIN, Ohio -- December 06, 2012

Ameresco, Inc. (NYSE:AMRC), a leading energy efficiency and renewable energy
company, today announced that it has entered into an Energy Savings
Performance Contract (ESPC) project with Lorain County Joint Vocational School
(JVS). As part of the contract, the school will leverage Ohio’s landmark
energy conversation legislation (HB 264) to implement comprehensive energy
conservation measures that are expected to save Lorain County JVS over
$314,000 in energy and operational costs annually for the duration of the
15-year contract.

Without having to spend a dollar from its capital budget, the ESPC supports
the Lorain County JVS’s efforts to be a good steward of their limited
resources and address important facility needs. The project will include
improvements to facilities on the district’s 10-acre campus that houses both a
Career-Technical High School and an Adult Career Center and serves more than
1,000 students annually. Ameresco guarantees the energy cost savings for the
duration of the contract.

“We are pleased that these improvements will reduce our carbon footprint, and
the school district is expected to save approximately $26,000 per month in
energy and operating costs. Also, Ameresco is turning this into an excellent
student learning opportunity by directly involving our Building Trades
students in various phases of the project,” said Jerry Pavlik, Deputy
Superintendent of Lorain County Joint Vocational School.

The ESPC upgrades slated to be performed as part of the Lorain County JVS
project will include the following:

  *Comprehensive Lighting Program – new interior lighting and controls are
    expected to improve efficiency of lighting by 35-40 percent;
  *Energy Management System – the integration of an industry-leading
    automation program for energy and environmental management;
  *HVAC System Upgrades – completely re-designed heating plant with two new
    hot water condensing boilers that is expected to result in up to a 35
    percent energy efficiency improvement and provide a reliable heating
  *New Green Components – new LED lighting, a solar thermal hot water system,
    and a solar photovoltaic demonstration unit with a green kiosk (for
    student educational purposes) will be implemented.

“We are excited to start work on this project with Lorain County Joint
Vocational School, which will take advantage of House Bill 264 to address much
needed facility upgrades,” said Louis P. Maltezos, Executive Vice President of
Ameresco. “By using the budget neutral ESPC model, we will be able to help the
school to continue to be good stewards of their taxpayers’ dollars and improve
the learning environment for students in their school building while lowering
the utility expenditure for Lorain County JVS by more than 30 percent.”

In addition to cost savings, the ESPC will also have environmental benefits to
Lorain County by reducing the Joint Vocational School’s carbon footprint by an
equivalent of 1,950 metric tons of greenhouse gas emissions, which is
equivalent to the annual emissions of 382 passenger vehicles or the
electricity use of 243 homes in one year.

Located in Oberlin, Ohio, just outside of Cleveland, Lorain County Joint
Vocational School is one of the largest career-technical facilities in the
state. It serves adult populations and high school students from more than 13
area school districts that include Amherst, Avon, Avon Lake, Clearview,
Columbia, Elyria, Firelands, Keystone, Midview, North Ridgeville, Oberlin,
Sheffield-Sheffield Lake and Wellington.

Ameresco has a strong track record of partnering with school districts and
educational institutions across the nation to help them apply their strained
budgets wisely and facilitate needed improvements to their energy
infrastructure. The increasingly popular ESPC financing model allows the
customer to immediately reap the benefits of increased energy efficiency in a
budget-neutral manner by guaranteeing the energy savings will exceed the
initial investment of the project.

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


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