Ameresco And Southern California Edison Finalize Substantial Completion Of Two Major Battery Energy Projects, $110M Payment Agreed
Portfolio Pulse from Benzinga Newsdesk
Ameresco and Southern California Edison have finalized substantial completion of two major battery energy projects, with SCE agreeing to a $110 million payment. Final acceptance payments will follow upon project completion, with a third project expected to complete in Q4 2024.
September 03, 2024 | 10:57 am
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Ameresco has reached a significant milestone with Southern California Edison, finalizing two major battery energy projects. SCE will pay $110 million, with final payments upon project completion. A third project is expected to complete in Q4 2024.
The completion of two major projects and the $110 million payment from SCE is a positive development for Ameresco, indicating successful project execution and revenue recognition. The anticipation of a third project's completion in Q4 2024 further supports future revenue prospects.
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