Ameresco (AMRC) Announces Cannon Air Force Base Partners with it for $19 Million Cleantech Project
- U.S. stocks, dollar sluggish, all eyes on Fed meet this week
- Tesla (TSLA) Tops Q2 EPS by 49c, Revenues Beat
- Chinese Tech Stocks Crushed on Fresh Regulatory Pressure
- Nearly $1 Billion Bitcoin (BTC) Shorts Liquidated Today Amid Amazon (AMZN) Rumors
- Aon (AON) and Willis Towers Watson (WLTW) Mutually Agree to Terminate Combination Agreement
News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.
Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced its partnership with Cannon Air Force Base (AFB) and the Defense Logistics Agency Energy (DLA Energy) for a $19 million Energy Savings Performance Contract (ESPC) project featuring 1.9 megawatts (MW) of solar generation capacity, smart controls, and other conservation technologies. Utilizing the Department of Energy’s (DOE) ESPC vehicle, the project will enhance Cannon AFB’s mission capabilities and address its energy and sustainability goals.
The project designed by Ameresco will provide tangible facility improvements and enable recurring reductions in utility costs, while converting 4% of Cannon’s electric energy usage to onsite renewable resources. Planned improvements for the Air Force base include upgrades to existing transformers, direct digital controls (DDC), and heating, ventilation, and air conditioning (HVAC) equipment, as well as a 1.9MW ground mount solar photovoltaic (PV) array and LED lighting retrofits to enhance Air Commando Mission night training.
As a result of these upgrades, Cannon Air Force Base will save approximately $1.1 million in the first year alone and $33 million over the course of the performance period.
“We are so honored to work with Cannon Air Force Base on this project to enhance the base’s operational efficiency and provide on-site energy generation,” said Nicole Bulgarino, executive vice president and general manager of Federal Solutions at Ameresco. “Throughout our planning process, we focused on Cannon’s key project objectives to reduce energy consumption and enhance the base’s resiliency while advancing the specialized airpower and combat support mission of this essential Air Force installation.”
Construction on the project is set to begin in Q3 2021 and reach completion by Q1 2023.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BofA Securities Downgrades Ameresco (AMRC) to Neutral
- Cheesecake Factory (CAKE) Appoints Khanh Collins to its Board
- ThredUp (TDUP) Announces Launch of Public Offering
Create E-mail Alert Related CategoriesCorporate News
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!