U.S. markets closed
  • S&P 500

    4,538.43
    -38.67 (-0.84%)
     
  • Dow 30

    34,580.08
    -59.72 (-0.17%)
     
  • Nasdaq

    15,085.47
    -295.83 (-1.92%)
     
  • Russell 2000

    2,159.31
    -47.02 (-2.13%)
     
  • Crude Oil

    66.22
    -0.04 (-0.06%)
     
  • Gold

    1,782.10
    +0.10 (+0.01%)
     
  • Silver

    22.45
    +0.01 (+0.02%)
     
  • EUR/USD

    1.1311
    +0.0005 (+0.05%)
     
  • 10-Yr Bond

    1.3430
    -0.1050 (-7.25%)
     
  • GBP/USD

    1.3238
    -0.0064 (-0.48%)
     
  • USD/JPY

    112.9180
    -0.2910 (-0.26%)
     
  • BTC-USD

    49,245.40
    +67.58 (+0.14%)
     
  • CMC Crypto 200

    1,367.14
    -74.62 (-5.18%)
     
  • FTSE 100

    7,122.32
    -6.89 (-0.10%)
     
  • Nikkei 225

    28,029.57
    +276.17 (+1.00%)
     

Ameresco Enters $43M Energy Savings Performance Contract With US Coast Guard

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Ameresco Inc (NYSE: AMRC) has entered into a $43 million Energy Savings Performance Contract (ESPC) with the U.S. Coast Guard (USCG) at the west coast training facility, Training Center (TRACEN) Petaluma.

  • Ameresco noted that ESPC would intensify resilience against climate threats and reduce annual energy consumption.

  • USCG selected Ameresco in February 2021 to fast-track the development of a comprehensive ESPC to enhance the site's electric infrastructure and resiliency posture.

  • The microgrid will integrate existing distributed backup generators with a new 5 megawatt (MW) solar array and an 11.6MWh BESS to power the entire site in the event of a loss of utility.

  • The company expects the project's construction to begin in October 2021 and reach completion by Fall 2023.

  • Once completed, Training Center Petaluma ​​will realize a cost savings of more than $1.2 million in the first year.

  • Price Action: AMRC shares closed higher by 2.84% at $59.05 on Tuesday.

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.