Ameresco Inks Significant Battery Asset Storage Partnership With United Power
Portfolio Pulse from Shivani Kumaresan
Ameresco Inc (NYSE:AMRC) has signed a 20-year contract with United Power for a significant battery energy storage asset. The asset installation includes a multiple site, 78.3 MW, 313.34 MWh battery storage system. The initiative will allow United Power to balance its load effectively. Ameresco anticipates the assets to be placed in service in 2024.
July 11, 2023 | 11:46 am
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POSITIVE IMPACT
Ameresco's partnership with United Power for a significant battery energy storage asset could potentially boost its revenues and profitability in the long term.
The partnership with United Power for a significant battery energy storage asset is a positive development for Ameresco. It not only expands the company's portfolio but also provides a long-term revenue stream. This could potentially boost the company's profitability in the long term, which is likely to have a positive impact on its stock price.
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IMPORTANCE 80
RELEVANCE 100