AMERESCO : and Cambridge Housing Authority Partner On Energy Conservation and Renewable Energy
07/12/2011| 01:20pm US/Eastern
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Ameresco,
Inc. (NYSE:AMRC), a leading energy efficiency and renewable energy
company, announced today that it has completed the construction of the
second phase of an energy performance contract with the Cambridge
Housing Authority (CHA). The $1.9 million project expands on a previous
effort that is now expected to deliver approximately $300,000 a year in
utility cost savings.
The Ameresco project focuses on energy conservation measures at the
196-unit Daniel F. Burns Apartments in Cambridge, Massachusetts. The
recently completed upgrades include water saving retrofits, lighting
efficiency improvements, roof replacement, and installation of a new,
highly efficient heat and hot water plant. The project also features a
46 kW grid-connected rooftop photovoltaic (PV) system.
"In this latest effort at Burns Apartments, we have rekindled an
existing relationship with Ameresco in order to leverage additional
conservation improvements and clean, renewable technologies," said Greg
Russ, CHA's Executive Director. "This second phase significantly expands
our conservation efforts, provides capital improvements to the property
and also adds renewable energy technology in the rooftop solar
photovoltaics. Overall, the program pays for itself, improves the
performance of the building and creates good paying local jobs, all of
which are priorities for CHA."
Ameresco began working with CHA in 1997 to convert the building's heat
and hot water from electricity to natural gas, and to implement basic
energy efficiency needs in the Daniel F. Burns Apartments. Together the
two phases are expected to save the equivalent of 745 metric tons of
carbon dioxide per year. The reduction in greenhouse gas emissions is
roughly equivalent to 1,733 barrels of oil burned or 90 households
powered for an entire year.
"Ameresco is pleased to be working with Cambridge Housing Authority to
maximize the value of its energy performance contracting program at
Daniel F. Burns Apartments," said David J. Anderson, Executive Vice
President of Ameresco. "The program's recently completed improvements
extend the value of energy savings components that were initiated more
than a decade ago. This allows the Authority to invest in new and
improved efficiency and renewable energy technologies by leveraging
energy programs available in the Commonwealth."
Ameresco's Public Housing Group focuses exclusively on publicly assisted
multi-family housing facilities of 50 apartments or more, which includes
more than 14 million U.S. households. By leveraging energy performance
contracting, a practice pioneered by Ameresco staff to address what HUD
spends on public housing energy bills each year, the company has helped
to reduce utility costs using a performance-oriented approach that
strategically addresses equipment and systems, energy management and
resident education.
With more than 25 years of experience, Ameresco's affordable housing
energy specialists have executed performance contracts with project
capital exceeding $450 million, more than any other North American
energy services company in this sector. As of today, Ameresco's
contracts impact over 125,000 households under performance-based energy
and water services contracts.
About Ameresco, Inc.
Ameresco, Inc. was incorporated in Delaware in April 2000 and is a
leading independent provider of comprehensive energy efficiency and
renewable energy solutions for facilities throughout North America.
Ameresco's solutions include upgrades to a facility's energy
infrastructure, and the development, construction, and operation of
renewable energy plants. With corporate headquarters located in
Framingham, MA, Ameresco has 56 offices in 29 states and five Canadian
provinces.
For more information, visit www.ameresco.com.
About Cambridge Housing Authority
Cambridge Housing Authority (CHA) is a national leader in the
development, management, and administration of subsidized affordable
housing for low-income elderly, family, and disabled households. Their
mission is to develop and manage safe, good quality, affordable housing
for low-income individuals and families in a manner that promotes
citizenship, community and self-reliance.
In addition to owning and managing over 2,600 units of state and
federally subsidized low-income housing, CHA operates a "Local Leased
Housing Program" consisting of more than 2,800 state and federally
subsidized mobile and project based housing vouchers used to rent
private units in the Greater Boston Metro Area.
CHA participates in the U.S. Department of Housing and Urban
Development's groundbreaking Moving to Work Deregulation Demonstration
(MTW). MTW provides CHA with regulatory flexibility that is generally
not available to Public Housing Authorities. CHA uses this flexibility
to explore new ways to provide affordable housing, education and paths
to economic independence to the City's low-income families, elders and
individuals with disabilities.
For more information, visit www.cambridge-housing.org.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6790864&lang=en
Ameresco Contact:
CarolAnn Hibbard, 508-661-2264
news@ameresco.com
or
Cambridge
Housing Contact:
Joshua Meehan, 617-520-6408
jmeehan@cambridge-housing.org
© Business Wire 2011
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