Trent University and Ameresco Partner on Energy Performance Upgrades
October 19 2021 - 3:25PM
Business Wire
New cost-saving battery energy storage system
at Trent will improve energy infrastructure and benefit provincial
energy grid
Ameresco, Inc., (NYSE: AMRC), a leading clean technology
integrator specializing in energy efficiency and renewable energy,
today announced a partnership with Trent University, a leading
environmental institution, to install various energy efficiency
upgrades, including an on-campus Battery Energy Storage System
(BESS), that aim to further reduce the University’s carbon
footprint, while supporting the provincial energy grid.
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Trent University partners with cleantech
integrator, Ameresco, on new cost-saving battery energy storage
system that will improve energy infrastructure and benefit
provincial energy grid. (Photo: Business Wire)
“This project is an exciting next step in Trent’s ongoing
commitment to environmental and sustainable initiatives on campus,”
says Tariq Al-Idrissi, acting Vice President of Finance and
Administration at Trent University. “Our renewed Energy Performance
Contract with Ameresco builds on previous energy saving projects
such as converting the campus lighting to LEDs, implementing smart
ventilation systems and using solar energy to power the new
zero-carbon Forensics Crime Scene Facility, the first of its kind
in Canada.”
The BESS will store energy overnight, when the provincial grid
is producing the lowest cost and lowest carbon energy and use it to
power the campus at strategic times when the Ontario system
operators typically turn to gas-fired generation to meet atypical
high demand for electricity. Taking this action on campus
contributes to Ontario’s Industrial Conservation Initiative and
will result in an expected reduction in Global Adjustment fees of
over $1 million annually. These savings will fund the BESS
installation as well as extensive upgrades to Trent’s electrical
infrastructure.
“One of the amazing things about working with customers on
projects like these is finding energy-saving solutions that work
for them and generate significant cost savings in the long run,”
said Bob McCullough, President, Ameresco Canada. “By taking a
collaborative approach right from the start, we can work together
to develop solutions that prioritize sustainability and
durability.”
The Energy Performance Contract amendment between the University
and Ameresco was recently approved by Trent’s Board of Governors,
with construction scheduled to commence later in the fall. Proposed
upgrades include the installation of a 2.5MW/5 MWh BESS, the
replacement of aging switchgear components and the implementation
of a carport canopy photo-voltaic (PV) and electric vehicle (EV)
charging station. The PV and EV charging station will complement
the newly installed BESS and reduce the University’s greenhouse gas
emissions.
About Trent University
One of Canada's top universities, Trent University was founded
on the ideal of interactive learning that's personal, purposeful
and transformative. Consistently recognized nationally for
leadership in teaching, research and student satisfaction, Trent
attracts excellent students from across the country and around the
world. Here, undergraduate and graduate students connect and
collaborate with faculty, staff and their peers through diverse
communities that span residential colleges, classrooms,
disciplines, hands-on research, co-curricular and community-based
activities. Across all disciplines, Trent brings critical,
integrative thinking to life every day. Today, Trent's unique
approach to personal development through supportive, collaborative
community engagement is in more demand than ever. Students lead the
way by co-creating experiences rooted in dialogue, diverse
perspectives and collaboration. In a learning environment that
builds life-long passion for inclusion, leadership and social
change, Trent's students, alumni, faculty and staff are engaged
global citizens who are catalysts in developing sustainable
solutions to complex issues. Trent's Peterborough campus boasts
award-winning architecture in a breathtaking natural setting on the
banks of the Otonabee River, just 90 minutes from downtown Toronto,
while Trent University Durham Greater Toronto Area, delivers a
distinct mix of programming in the east GTA.
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 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 June
30, 2021.
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version on businesswire.com: https://www.businesswire.com/news/home/20211019006112/en/
Ameresco: Leila Dillon, 508-661-2264, news@ameresco.com Trent
University: Cara Walsh, Communications & Media Relations
Officer, 705-748-1011 x6240, carawalsh@trentu.ca
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