Ameresco Expands Higher Education Presence and Partners With Tarleton State University
August 25 2021 - 7:40AM
Business Wire
Ameresco will work with Tarleton State to
implement an energy and water conservation project that will
realize 21-23% reduction in electric consumption and a nearly 33%
reduction in water consumption annually.
Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator
specializing in energy efficiency and renewable energy, today
announced its energy savings performance contract (ESPC) with
Tarleton State University to develop an energy and water
conservation project. The resulting project will enhance campus
conditions, promote overall sustainability and improve the
reliability and quality of facility operations.
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Tarleton State University’s partnership
with leading cleantech integrator, Ameresco, will enhance campus
conditions, promote overall sustainability and improve the
reliability and quality of facility operations. (Photo: Business
Wire)
Planned improvements at Tarleton State University include
light-emitting diode (LED) lighting retrofits and replacements,
water fixture improvements, controls and instrumentation
improvements and HVAC lifecycle replacements. All solutions
selected were chosen specifically to address the immediate needs of
the university and to reduce Tarleton State’s electricity use and
natural gas consumption by 21-23% each year.
The project will be entirely self-funded using the utility
savings generated by the conservation measures implemented, which
will also result in a nearly 33% reduction in annual water and
wastewater consumption by the university. As part of the ESPC,
Ameresco will guarantee the water and wastewater savings amassed
throughout the contract.
“Our goal is to reduce our deferred maintenance backlog and
improve campus operations in a budget neutral manner. After a
thorough review process, we couldn’t be more thrilled to partner
with an organization as committed to advancing the future of
sustainability as Ameresco,” said Tarleton’s Chief Financial
Officer Lori Beaty. “Our partnership with the team only furthers
our energy and water conservation efforts, which have already seen
tremendous success. We cannot wait to see how Ameresco’s innovative
solutions will continue to transform our campus landscape.”
In addition to its work with Tarleton State University, Ameresco
has previously implemented nine other projects with five
Texas-based universities, all part of the Texas A&M University
System.
“Implementing solutions that enhance university infrastructure
is always incredibly fulfilling work,” said Robert Georgeoff,
Executive Vice President, Ameresco. “Our partnerships with
universities transcend beyond simple construction and help to
educate the next generation of global leaders on the importance of
energy efficiency and sustainability.”
Project construction began in June 2021 and is expected to be
completed by June 2022.
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 Tarleton State University The Tarleton campus sits
in the center of Stephenville and enriches the lives of students
with a traditional college experience, offering more than 18 on
campus living options, a gym, study areas and variety of student
organizations that meet on campus. Students at the Stephenville
campus have the opportunity for field learning and internship
experience with many of the local businesses. Stephenville allows
students to earn a high-quality education, while staying in an area
that feels just like home and with a lot of history. Stephenville
was first patented by John M. Stephen on February 24, 1853. After
over 160 years, this city has transformed into one of the fastest
growing "college towns" in the State of Texas and has so much to
offer its residents whether they be college students, senior
citizens, or families. Tarleton State University is located in the
Heart of Stephenville and has several outreach programs that give
the community a special, close-knit feeling.
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 contracted backlog as of June 30, 2021.
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version on businesswire.com: https://www.businesswire.com/news/home/20210825005138/en/
Media: Ameresco: Leila Dillon, 508-661-2264,
news@ameresco.com
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