Ameresco Announces A Contract For Efficiency Upgrades And Emissions Reductions At A Military Base In Western Canada
Portfolio Pulse from Benzinga Newsdesk
Ameresco, Inc. (NYSE:AMRC) has announced a contract to implement energy efficiency upgrades and emissions reductions at Canadian Forces Base Edmonton, covering 124 buildings. The project aims to save over $2 million annually in energy costs and reduce greenhouse gas emissions by more than 27%. It includes installing LED lighting, upgrading heating systems, and introducing renewable energy sources. The project, creating 125 jobs, is in the design stage with full completion expected by the end of 2026.
March 14, 2024 | 12:19 pm
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Ameresco, Inc. (AMRC) has secured a significant contract for energy efficiency and emissions reduction at CFB Edmonton, expected to save over $2 million annually and reduce emissions by over 27%.
The contract for energy efficiency upgrades and emissions reductions at CFB Edmonton represents a significant business development for Ameresco, Inc. It not only showcases the company's expertise in cleantech solutions but also promises substantial annual savings and environmental benefits. This project is likely to be viewed positively by investors, potentially leading to a short-term positive impact on AMRC's stock price due to the expected revenue generation and the company's contribution to sustainability.
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