Ameresco and Fall River Housing Authority Execute Energy Performance
Ameresco signs a second energy performance contract with the Fall River
Housing Authority to upgrade energy infrastructure
FRAMINGHAM, Mass. & FALL RIVER, Mass. -- January 3, 2013
Ameresco, Inc., (NYSE:AMRC), a leading energy efficiency and renewable energy
company, announced today the execution of an energy performance contract with
the Fall River Housing Authority (FRHA). The project will provide water and
energy efficiency upgrades to more than 1,500 FRHA housing units.
“We are pleased to continue our partnership with Ameresco through this
contract,” said Dan McDonald, FRHA Deputy Executive Director. “The HUD energy
performance contract program uses the energy and water savings to leverage
private capital to cover the costs of the improvements, so there is no
‘out-of-pocket’ cost to the FRHA.”
Mr. McDonald indicated that the $6.8 million scope of work includes water and
lighting efficiency upgrades, upgraded apartment temperature controls,
cogeneration, and mechanical system upgrades for space heat and domestic hot
water. In addition, energy management systems will be installed to control and
monitor the efficiency upgrades.
“Under our long-term partnership, FRHA is expected to save $13 million over
the 20-year term of this project,” said David J. Anderson, Executive Vice
President of Ameresco. “These savings will enable FRHA to provide energy
efficiency and infrastructure upgrades to its properties with no up-front cost
on a cash flow-neutral basis. This allows the Authority to further their
mission of assisting lower income families with safe and affordable housing,
and provides greater comfort for its residents.”
Construction will begin in early 2013 and continue for about 15 months. Peter
Proulx, FRHA Director of Facilities Management, has worked closely with
Ameresco in developing the program and will be responsible on behalf of the
FRHA for administration moving forward.
The U.S. Department of Housing and Urban Development (HUD) energy performance
contract program provides incentives to public housing authorities across the
country to implement energy and water savings improvements to their housing
units. Since inception of the program about 20 years ago, more than 240 public
housing authorities nationwide have participated in the program, which has
leveraged over $839 million in energy and water improvements.
FRHA provides subsidized housing to low and moderate income individuals and
families. In addition to conventional public housing within the City of Fall
River, MA, FRHA administers rental assistance programs such as the Section 8
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.
The announcement of a customer’s entry into 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.
CarolAnn Hibbard, 508-661-2264
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