Ameresco Construction Underway For A $33M Energy Savings Performance Contract At The U.S. National Archives And Records Administration Sites In College Park, Maryland, And Washington, DC
Portfolio Pulse from Benzinga Newsdesk
Ameresco, Inc. (NYSE:AMRC) has begun construction on a $33 million Energy Savings Performance Contract (ESPC) at the U.S. National Archives and Records Administration sites in College Park, Maryland, and Washington, DC. The project aims to achieve significant energy efficiency improvements, resulting in approximately $2 million in annual savings and substantial reductions in fossil fuel, water, and electricity usage.
May 28, 2024 | 12:33 pm
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Ameresco, Inc. has initiated a $33 million ESPC project at U.S. National Archives sites, expected to generate $2 million in annual savings and significant reductions in fossil fuel, water, and electricity usage.
The initiation of a $33 million ESPC project by Ameresco at U.S. National Archives sites is a significant development. The project is expected to generate $2 million in annual savings and achieve substantial reductions in fossil fuel, water, and electricity usage. This aligns with Ameresco's core business of energy efficiency and renewable energy, likely boosting investor confidence and positively impacting the stock price in the short term.
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