Kauai Beach Resort Secures Energy as a Service (EaaS) Agreement with Ameresco
November 18 2021 - 2:25PM
Business Wire
Ameresco has entered into a 15-year partnership
with Kauai Beach Resort for a $15.5 million energy efficiency
renovation project
Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator
specializing in energy efficiency and renewable energy, today
announced it has entered into a 15-year Energy as a Service (EaaS)
agreement with Kauai Beach Resort. The partnership allows the
25-acre ocean front resort to update and replace its energy-related
equipment without any up-front capital.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20211118006203/en/
Kauai Beach Resort partners with
cleantech integrator, for a 15-year $15.5 million energy efficiency
renovation project. (Photo: Business Wire)
Ameresco will install new lighting and air conditioning
equipment in several phases over the next two years and maintain
the improvements for the following 15 years. The upgrades include
replacing 350 fan coil units with smart thermostats and humidity
controls, a new central chiller plant with added redundancy for AC
and hot water, new electrical transformers, a new building
automation system to monitor and control temperatures in guest
rooms, the kitchens and ballrooms, and updating the exterior
lighting with LEDs throughout the resort.
“For us, it is imperative that we continually look for ways to
innovate and provide our guests with an unforgettable experience.
In order to do so, we need to always be looking for ways to improve
and update our resort with the latest energy-efficient technology,”
said Ben Dookchitra, Kauai Beach Resort Board President. “We are so
excited to partner with Ameresco on this project to implement
solutions that will reduce our energy demand and make our resort
more sustainable.”
Ameresco will begin design and construction this year to
coincide with currently scheduled Kauai Beach Resort building
upgrades. By coordinating both projects, Kauai Beach Resort will
reduce the amount of guest room downtime. Ameresco expects to
complete construction in the summer of 2023.
“Engaging in such an expansive project that will bring critical
infrastructure upgrades to life is no easy feat for a business like
the Kauai Beach Resort,” said Britta MacIntosh, Senior Vice
President, Ameresco. “But by utilizing our Energy as a Service
agreement, the resort will be able to simultaneously reduce its
energy consumption and overall utility costs, while making no
upfront capital investment and deferring all renovation fees until
cost savings benefits are realized.”
To learn more about the energy efficiency solutions offered by
Ameresco, visit www.ameresco.com/energy-efficiency/.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading
cleantech integrator and renewable energy asset developer, owner
and operator. Our comprehensive portfolio includes energy
efficiency, infrastructure upgrades, asset sustainability and
renewable energy solutions delivered to clients throughout North
America and the United Kingdom. Ameresco’s sustainability services
in support of clients’ pursuit of Net Zero include upgrades to a
facility’s energy infrastructure and the development, construction,
and operation of distributed energy resources. 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 has more than 1,000 employees providing
local expertise in the United States, Canada, and the United
Kingdom. For more information, visit www.ameresco.com.
About Kauai Beach Resort
Situated on 12 acres of lush Garden Isle goodness, the resort is
centrally located between Kauai’s North and South shores, making it
the perfect home base for island adventures. Just minutes from the
airport and secreted down a tree-lined drive that leads straight to
the ocean, the private sanctuary is framed by the island’s most
sensational landscapes — paradise is our backdrop. Experience the
perfect blend of traditional Hawaiian hospitality and culture, with
all the modern touches that are the way to make the perfect
day.
The announcement of a customer 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 backlog. This project was
included in our previously reported assets in development as of
September 30, 2021.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211118006203/en/
Media Contact: Ameresco: Leila Dillon, 508-661-2264,
news@ameresco.com
Ameresco (NYSE:AMRC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ameresco (NYSE:AMRC)
Historical Stock Chart
From Apr 2023 to Apr 2024