Ameresco and the City of Arvada, Colorado, Announce Completion of Energy Conservation Project
July 12 2021 - 8:05AM
Business Wire
The City of Arvada, Colorado, recently
completed a $4.5 million energy conservation project making
significant upgrades to 15 facilities.
Ameresco, Inc. (NYSE: AMRC), a leading clean technology
integrator specializing in energy efficiency and renewable energy,
and the City of Arvada, Colorado today announced the completion of
an energy conservation and renewable energy project. Financed by a
$4.5 million Energy Savings Performance Contract (ESPC),
improvements made across the City of Arvada will guarantee energy
cost savings and an overall reduction in energy usage.
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Energy upgrades at the Arvada City Hall
and 14 other facilities will provide a 21% reduction in total
utility costs as a result of the City’s partnership with cleantech
integrator, Ameresco. (Photo: Business Wire)
In 2018, the City of Arvada selected Ameresco to implement a
number of energy savings measures and infrastructure improvements.
Working closely with City staff, Ameresco refurbished a total of 15
facilities and made significant upgrades to those facilities’
building envelopes, lighting and plumbing systems. The HVAC systems
at Arvada’s City Hall and Center for Performing Arts were updated,
as well. Additionally, photovoltaic systems were installed at five
facilities.
Energy procurement optimization strategies helped to reduce
utility costs. To see these upgrades to completion, the team
utilized a budget neutral financing solution, together with a
combination of internal city financing and a capital contribution
by the city.
“We are thrilled to provide our innovative approach to energy
conservation to the City of Arvada,” said Louis Maltezos, executive
vice president of Ameresco. “Our goal throughout the entirety of
the process was to implement clean technology solutions that
simultaneously offered significant long-term cost savings and
advanced the city’s passion for increased sustainability.”
Through its partnership with Ameresco for a smart approach to
decarbonization, the City of Arvada is expected to experience a 6%
reduction in annual energy consumption, an 11% reduction in
electrical demand and a 21% reduction in total utility costs.
“We are excited to have had the opportunity to work closely with
Ameresco on this project and further demonstrate our commitment to
implementing renewable energy solutions,” said Kim Vagher,
facilities division manager, City of Arvada.
Construction on the City of Arvada’s facilities began in January
2020 and was completed in March of 2021.
To learn more about the energy efficiency solutions offered by
Ameresco, visit www.ameresco.com/energy-efficiency/.
About the City of Arvada, CO
Founded in 1870 and incorporated in 1904, Arvada is located in
Jefferson and Adams Counties just 10 miles from downtown Denver.
The community retains a small-town feel even with its estimated
population of 120,000. Arvada enjoys a rich history, quiet
tree-lined neighborhoods and a robust mix of business. The City of
Arvada’s strong civic leadership balances quality of life with an
understanding and support of business and economic development. For
more information, visit arvada.org.
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 businesses and organizations throughout North America
and Europe. Ameresco’s sustainability 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 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 completion of a customer’s 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 contracted backlog as of March 31, 2021.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210712005134/en/
Media: Ameresco: Leila Dillon, 508-661-2264,
news@ameresco.com City of Arvada: Rachael Kuroiwa, 720-450-1755,
rkuroiwa@arvada.org
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