Lorain County Joint Vocational School to save over $4.5 million
during 15-year contract that includes energy conservation measures and
Inc. (NYSE:AMRC), a leading energy efficiency and renewable energy
company, today announced that it has entered into an Energy
Savings Performance Contract (ESPC) project with Lorain County Joint
Vocational School (JVS). As part of the contract, the school will
leverage Ohio's landmark energy conversation legislation (HB 264) to
implement comprehensive energy conservation measures that are expected
to save Lorain County JVS over $314,000 in energy and operational costs
annually for the duration of the 15-year contract.
Without having to spend a dollar from its capital budget, the ESPC
supports the Lorain County JVS's efforts to be a good steward of their
limited resources and address important facility needs. The project will
include improvements to facilities on the district's 10-acre campus that
houses both a Career-Technical High School and an Adult Career Center
and serves more than 1,000 students annually. Ameresco guarantees the
energy cost savings for the duration of the contract.
"We are pleased that these improvements will reduce our carbon
footprint, and the school district is expected to save approximately
$26,000 per month in energy and operating costs. Also, Ameresco is
turning this into an excellent student learning opportunity by directly
involving our Building Trades students in various phases of the
project," said Jerry Pavlik, Deputy Superintendent of Lorain County
Joint Vocational School.
The ESPC upgrades slated to be performed as part of the Lorain County
JVS project will include the following:
Comprehensive Lighting Program - new interior lighting and
controls are expected to improve efficiency of lighting by 35-40
Energy Management System - the integration of an
industry-leading automation program for energy and environmental
HVAC System Upgrades - completely re-designed heating plant
with two new hot water condensing boilers that is expected to result
in up to a 35 percent energy efficiency improvement and provide a
reliable heating system;
New Green Components - new LED lighting, a solar thermal hot
water system, and a solar photovoltaic demonstration unit with a green
kiosk (for student educational purposes) will be implemented.
"We are excited to start work on this project with Lorain County Joint
Vocational School, which will take advantage of House Bill 264 to
address much needed facility upgrades," said Louis P. Maltezos,
Executive Vice President of Ameresco. "By using the budget neutral ESPC
model, we will be able to help the school to continue to be good
stewards of their taxpayers' dollars and improve the learning
environment for students in their school building while lowering the
utility expenditure for Lorain County JVS by more than 30 percent."
In addition to cost savings, the ESPC will also have environmental
benefits to Lorain County by reducing the Joint Vocational School's
carbon footprint by an equivalent of 1,950 metric tons of greenhouse gas
emissions, which is equivalent to the annual emissions of 382 passenger
vehicles or the electricity use of 243 homes in one year.
Located in Oberlin, Ohio, just outside of Cleveland, Lorain County Joint
Vocational School is one of the largest career-technical facilities in
the state. It serves adult populations and high school students from
more than 13 area school districts that include Amherst, Avon, Avon
Lake, Clearview, Columbia, Elyria, Firelands, Keystone, Midview, North
Ridgeville, Oberlin, Sheffield-Sheffield Lake and Wellington.
Ameresco has a strong track record of partnering with school districts
and educational institutions across the nation to help them apply their
strained budgets wisely and facilitate needed improvements to their
energy infrastructure. The increasingly popular ESPC financing model
allows the customer to immediately reap the benefits of increased energy
efficiency in a budget-neutral manner by guaranteeing the energy savings
will exceed the initial investment of the project.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading independent
provider of comprehensive services, energy efficiency, infrastructure
upgrades, asset sustainability and renewable energy solutions for
facilities throughout North America. Ameresco's services include
upgrades to a facility's energy infrastructure and the development,
construction and operation of renewable energy plants. Ameresco has
successfully completed energy saving, environmentally responsible
projects with federal, state and local governments, healthcare and
educational institutions, housing authorities, and commercial and
industrial customers. With its corporate headquarters in Framingham, MA,
Ameresco provides local expertise through its 63 offices in 34 states
and five Canadian provinces. Ameresco has more than 900 employees. For
more information, visit www.ameresco.com.
CarolAnn Hibbard, 508-661-2264