Northwestern University Secures Energy as a Service (EaaS) Agreement with Ameresco to Maximize Energy Efficiency While Advanc...
July 06 2021 - 1:48PM
Business Wire
Work to be completed by Ameresco under the
agreement will directly contribute to Northwestern University’s
goals of reducing greenhouse gas emissions 30 percent by 2030.
Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator
specializing in energy efficiency and renewable energy, today
announced it has entered into a long-term Energy as a Service
(EaaS) agreement with Northwestern University. The partnership will
help the institution address its energy-related deferred
maintenance challenges with no up-front capital required, while
also advancing its sustainability and academic goals.
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the full release here:
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Ameresco announces partnership with
Northwestern University to help significantly reduce the carbon
footprint and support new infrastructure across the University's
Evanston and Chicago campuses. (Photo: Business Wire)
As part of the agreement, Ameresco will provide ongoing energy
management and related services in addition to identifying and
implementing energy efficiency upgrade, for the campus’s 175
buildings and central plants. Energy efficiency projects slated for
these buildings will leverage advanced technologies to provide more
efficient, better performing building systems such as building
automation, lighting, heating and cooling, and alternative energy
systems while also providing an improved learning environment for
students and faculty.
“This ambitious, multi-year partnership will make our campuses
more environmentally sustainable through reduced energy demand,
which will ultimately decrease utility costs,” said Craig Johnson,
Northwestern’s senior vice president for business and finance. “We
will also now be able to draw upon Ameresco’s expertise to inform
our continued pursuit of more sustainable practices.”
By utilizing the EaaS model, the University will be able to
tackle its immediate infrastructure capital needs while
simultaneously funding these projects over time using energy
savings. EaaS, a service model rising in popularity, allows for
energy-related infrastructure improvements to be delivered directly
to an end customer with no upfront capital required from the
customer.
“We are proud to be Northwestern’s strategic partner through
this innovative approach to addressing the critical infrastructure
needs of the campus. This is a tremendous blueprint for colleges
and universities across the nation,” said Lou Maltezos, executive
vice president at Ameresco. “The energy infrastructure upgrades,
and ongoing energy management services will not only provide
efficiency and cost savings but will also address critical deferred
maintenance and bolster the sustainability and carbon reduction
goals of their campuses. As a longtime professional in the energy
industry and an alumnus of Northwestern University, I am delighted
to see this partnership help Northwestern reach its future goals of
reducing greenhouse gas emissions 30 percent by 2030.”
“The sustainability fellowship program will help prepare our
students for meaningful careers in the fields of energy management,
renewable energy, and sustainability. The topics addressed by
fellowship teams will include leading edge application of energy
and sustainability concepts to real-world problems,” said Holly
Benz, director of the Master of Science in Energy and
Sustainability.
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.
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
project backlog. This project was included in our previously
reported awarded backlog as of March 31, 2021.
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version on businesswire.com: https://www.businesswire.com/news/home/20210706005712/en/
Ameresco: Leila Dillon, 508-661-2264, news@ameresco.com
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