ameresco inc-cl a (AMRC) Key Developments
Ameresco, Inc. Announces Executive Changes
May 1 15
On April 29, 2015, the Board of Directors of Ameresco, Inc., elected John R. Granara, 46, Vice President, Chief Financial Officer and Treasurer effective May 1, 2015. Mr. Granara succeeds Andrew B. Spence, who will retire at the end of 2015; Mr. Spence will continue with Ameresco in an advisory role to assist with the transition of his responsibilities until his retirement. Mr. Granara will continue to serve as Ameresco's principal accounting officer. Mr. Granara joined Ameresco as Vice President and Chief Accounting Officer in September 2013. He also served as Corporate Controller from that time until June 2014.
Ameresco, Inc. Promotes Nicole Bulgarino to Senior Vice President, Federal Solutions
May 1 15
Ameresco, Inc. announced that Nicole Bulgarino was promoted to the officer title Senior Vice President, Federal Solutions at the company. Until her promotion, Ms. Bulgarino was the company’s Vice President & General Manager, Federal Solutions, with responsibility for the overall management of the company’s dedicated business unit serving Federal government customers. She will continue to lead and manage the company’s Federal Solutions organization, and function as the company’s representative for Federal energy efficiency services and renewable energy solutions.
Ameresco, Inc. Wins Large-Scale Renewable Energy Contract for 18MW Solar Facility at Fort Detrick, Maryland
Apr 30 15
Ameresco, Inc. announced that the Defense Logistics Agency Energy, in coordination with the U.S. Army Office of Energy Initiatives (OEI) and the U.S. ArmyGarrison Fort Detrick, awarded a contract to Ameresco for a 18.6 megawatt (MW) direct current (15.0 MW alternating current) renewable energy solar facility to be located at the Fort Detrick Army installation in Frederick, Maryland. Under the contract, Ameresco will build, own, operate and maintain the large-scale solar facility, and Fort Detrick will purchase the renewable electricity from Ameresco through a 25-year Power Purchase Agreement (PPA). Fort Detrick will have the economic benefit of purchasing the renewable electricity at or below current and projected utility rates. All electricity from the solar facility will be consumed by Fort Detrick. Ameresco will begin construction on the project this summer and the solar facility is planned to be operational by March 2016. More than 60,000 solar panels will be installed throughout 67 acres of Area B at Fort Detrick. Once operational, the facility is designed to serve 12% of Fort Detrick’s total annual electric load requirements and is expected to reduce greenhouse gas emissions by 19,000 metric tons annually.
Ameresco, Inc. and Holyoke Housing Authority Announces Second Energy Performance Contract
Apr 23 15
Ameresco, Inc. and the Holyoke Housing Authority jointly announced they will begin construction this month on a second energy performance contract totaling $2.3 million. This project is expected to provide over $4.5 million in energy and water savings to the Authority over the 15 year term. Upgrades will be made to over 600 units in the Authority’s portfolio and will improve water efficiency, temperature and lighting controls, boiler equipment, and weatherization.
Ameresco, Inc. Receives Contract from U.S. Department of the Interior
Apr 14 15
Ameresco, Inc. announced that the U.S. Department of the Interior (DOI) has awarded the company an Energy Savings Performance Contract (ESPC). The contract, valued at $77 million over the 20-year term, is designed to provide for the implementation of water conservation and energy efficiency measures, and ongoing energy management services to the DOI headquarters building in Washington, D.C. Through the comprehensive ESPC, the company will install a combination of measures to reduce energy and water consumption within the seven-story, 1.3 million square foot headquarters building. The project is designed to reduce domestic water consumption by 70% through the installation of new plumbing fixtures and the harvesting of groundwater that is currently collected under the building and discharged to storm drains. The company will treat and store the harvested groundwater in a re-purposed chilled water storage tank for non-potable uses including irrigation, cooling tower makeup water supply, and toilet and urinal flushing in bathrooms.