Ameresco Secures Multiyear Supply Agreement for 2,500 MWh Of Battery Energy Storage Systems (BESS) with Powin LLC
May 12 2022 - 7:30AM
Business Wire
Supply is intended to support Ameresco’s plans
to buildout customer projects requiring BESS
Ameresco Inc. (NYSE:AMRC), a leading cleantech integrator, and
Powin LLC (Powin), a global leader in the design and manufacture of
safe and scalable battery energy storage solutions, today announced
that they have signed a long term non-exclusive purchasing
framework agreement for Powin to supply Ameresco with 2,500 MWh of
its modular BESS Stack750 product as part of its Centipede hardware
platform.
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The long-term purchase agreement is intended to supply a portion
of Ameresco’s BESS needs through mid-2025 and be utilized in
Ameresco’s project and asset installations for a wide array of
customers ranging from small municipal utilities to large Federal
projects. Ameresco chose Powin’s system because the modular design
of the Stack750 product is well suited for a variety of Ameresco’s
customer needs and requires decreased lead time to deploy, reduced
space on-site, and a lower overall capital cost.
“Building on our experience with BESS projects across the globe,
we are excited to agree to this supply to help meet our growing
demand for battery energy storage technologies as a part of our
comprehensive customer solution set,” said Doran Hole, EVP and
Chief Financial Officer, Ameresco. “As costs have declined and the
technology matured, battery storage has rapidly become a go to
clean energy technology. Whether as a standalone system or as part
of an integrated solar or microgrid solution, BESS have become an
integral technology for customers looking to increase energy
resiliency and reliability. This agreement is designed to bolster
our BESS availability with a high quality, flexible product and
offer advantageous equipment delivery timelines to support our
growing base of customers throughout our various vertical
markets.”
Earlier this year, Powin announced that it will produce its
Centipede platform in North America, further supporting Powin’s
ability to navigate supply chain challenges and ensure its
customers have the products needed to execute projects. Powin is
uniquely positioned to nearshore Stack750 manufacturing due to the
company's vertically integrated business model, diversified supply
chain and control over the product design. By owning the product
design and manufacturing from the Energy Management System
(StackOS) down to the Powin battery module, Powin has become an
industry leader in BESS safety, product quality, deployment agility
and project reliability, passing extraordinary value on to Powin
customers like Ameresco.
Geoff Brown, CEO of Powin, stated, “Ameresco has built a
reputation as a trusted partner of the U.S. government, major
corporations, and utilities in deploying renewable energy projects
and battery energy storage systems. We are pleased that the
Ameresco has selected Powin as one of their partners as they expand
their energy storage business. With our new North American
production facility, we plan to provide Ameresco with both the
advanced, modular and energy-dense hardware required for their use
cases as well as the experience needed to navigate supply chain
constraints.”
Over the past decade, Powin has worked to advance its patented
battery management technology and develop market-leading product
offerings. Headquartered in Oregon, Powin has built over 2,000 MWh
of systems in 12 states and 8 countries. Powin has a contracted
pipeline to supply over 5,800 MWh of energy storage systems
globally over the next three years. To learn more about the use
case examples and BESS solutions developed by Ameresco, visit:
https://www.ameresco.com/batteries-and-energy-storage/.
About Powin, LLC (Powin):
Powin is a global leader in the design and manufacture of safe
and scalable battery energy storage solutions. Our innovative and
cost-effective hardware and software are revolutionizing the way
energy is generated, transmitted, and distributed, helping the
world achieve decarbonization objectives. To learn more, please
visit www.powin.com.
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 Europe. 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 Europe. For more
information, visit www.ameresco.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220512005382/en/
Media: Ally Copple: Ally@InnovantPR.com, 713.201.8800
Leila Dillon: news@ameresco.com, 508-661-2264
Ameresco Investor Relations: Eric Prouty, AdvisIRy
Partners, 212.750.5800, eric.prouty@advisiry.com Lynn Morgen,
AdvisIRy Partners, 212.750.5800,
lynn.morgen@advisiry.com
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