Ameresco Secures Four Battery Energy Storage Design/Build Project Contracts Totaling 379MWH With Middle River Power At California Gas Power Plants
Portfolio Pulse from Happy Mohamed
Ameresco, Inc. (NYSE:AMRC) has secured four contracts for Battery Energy Storage System (BESS) projects with Middle River Power (MRP) at California gas power plants. The projects, which will add 379 megawatt-hours to the California grid, are designed to enhance the efficiency of MRP's natural gas power plants and support California's goal of 100% renewable energy by 2045. The work is expected to start in Summer 2023 and be completed by Q3 2024.
July 06, 2023 | 12:16 pm
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Ameresco's securing of four BESS project contracts with Middle River Power could potentially boost its revenues and strengthen its position in the renewable energy sector.
The contracts for the BESS projects will likely increase Ameresco's revenues as it provides the services. Additionally, these projects will enhance Ameresco's reputation as a leading cleantech integrator, potentially attracting more clients and partnerships in the future.
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