Ameresco Partners with Albemarle County Public Schools for Guaranteed Energy Savings Performance Contract

GESPC includes energy saving upgrades to 22 local schools and is
expected to save the school division more than $690,000 annually while
supporting sustainability goals.

FRAMINGHAM, Mass. & CHARLOTTESVILLE, Va.–(BUSINESS WIRE)–#GESPC—Ameresco,
Inc. (NYSE:AMRC), a leading energy
efficiency and renewable
energy company, today announced that the Company contracted with
Albemarle County Public Schools (ACPS) for a $7.5 million Guaranteed
Energy Savings Performance Contract (GESPC) to provide energy efficiency
and infrastructure upgrades to 22 schools encompassing a total of over
2.2 million square feet of space.

“Partnering with Ameresco enables Albemarle County Public Schools to
fund facility upgrades and energy saving projects by using the utility
savings to fund the projects,” said Dean Tistadt, the school division’s
Chief Operating Officer. “In addition to improving the learning
environment for students, this project will improve the performance of
our buildings, lower operating costs and reduce our carbon footprint by
3,500 tons of carbon annually.”

The project is expected to save the school division more than $8.7
million over the 12-year term. It includes energy conservation measures
(ECMs) designed to reduce overall energy consumption and emissions, and
to optimize energy efficiency of the facilities, while improving the
learning environment. Interior and exterior lighting will be retrofit
with energy efficient LED lighting technology and controls throughout
the school division, optimizing light levels in individual classrooms
and enhancing savings. The extended life of LED technologies will
greatly reduce lighting maintenance. The project also includes water
reduction measures including low-flow efficient fixture retrofits at
many school division facilities to help reduce water usage and save
money.

“Ameresco is pleased to be the energy services partner for Albemarle
County Public Schools on this division-wide upgrade project,” said David
J. Anderson, Executive Vice President of Ameresco. “ACPS is taking a
proactive approach to enhancing the physical learning environment at
their schools. This project supports energy efficiency and water
efficiency measures that are expected to deliver energy cost-savings and
better facility conditions, allowing ACPS to improve classroom
environments for students and staff. While this budget-neutral GESPC
project provides sustainable solutions, it also demonstrates responsible
environmental stewardship for the entire community.”

In support of the Division’s sustainability goals, the environmental
benefits from this project include greenhouse gas (GHG) emission
reductions of 3,500 tons of carbon annually.

About Albemarle County Public Schools
Albemarle County
Public Schools (ACPS) is a school district serving Albemarle County,
Virginia. The mission and core purpose of ACPS is to establish a
community of learners and learning, through relationships, relevance,
and rigor, one student at a time. For more information about ACPS, visit https://www2.k12albemarle.org.

About Ameresco
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 businesses and organizations throughout North
America and Europe. Ameresco’s sustainability 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
has more than 1,000 employees providing local expertise in the United
States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.

The announcement of a customer’s entry into a project contract is not
necessarily indicative of the timing or amount of revenue from such
contract, of the company’s overall revenue for any particular period or
of trends in the company’s overall total construction backlog. This
project was reported in awarded backlog as of September 30, 2017.

Contacts

Ameresco
CarolAnn Hibbard, 508-661-2264
[email protected]
or
Albemarle
County Public Schools
Phil Giaramita, 434-972-4049
[email protected]
or
Lindsay
Check Snoddy, 434-975-9340
[email protected]