Ameresco Partners with Junction City School District for Energy Savings Performance Contract

Energy infrastructure improvements expected to reduce School
District’s utility costs by 20% and improve the learning environment for
students and staff

FRAMINGHAM, Mass. & PORTLAND, Ore.–(BUSINESS WIRE)–#energyefficiency—Ameresco,
Inc. (NYSE:AMRC), a leading energy
efficiency and renewable
energy company and the Junction City School District, today
announced that the District has partnered with Ameresco for a $2.4
million dollar, turnkey project under an Energy Savings Performance
Contract (ESPC) to provide energy efficiency and infrastructure upgrades
to four schools encompassing a total of over 365,000 square feet of
space. The project is expected to save the District 20 percent of its
annual utility expense and vastly improve the learning environment for
students and staff. Upgrades, including lighting, plumbing, mechanical
and HVAC improvements, will be completed at the District schools.

Chris Meyer, facilities manager for Junction City School District, says
these improvements will not only reduce energy costs but will allow the
District staff to be more efficient from a maintenance standpoint.
“Modern, standardized fixtures won’t fail as often, and will be easier
to maintain,” Meyer said. “And being able to monitor our (energy)
systems remotely will be a big time-saver, as well as allow us to better
serve our students and staff,” he added.

The energy upgrades will be funded by a range of sources. Ameresco is
assisting the District with securing incentives, tax credits, loans and
bonds, and has already helped the District in securing an SB1149
reimbursement of nearly $550,000 for the project, as well as Energy
Trust of Oregon (ETO) incentives totaling around $70,000. These funds
will be combined with a low-interest Qualified Energy Conservation Bond
(QECB) allocation and voter-approved bond dollars.

“Ameresco is pleased to partner with Junction City School District to
provide efficient energy upgrades for the School District and to assist
with financing measures,” said Louis Maltezos, Executive Vice President
of Ameresco. “Utilizing an ESPC, JCSD is proactively taking steps to
enhance the physical learning environment for students and staff at
their schools, with the additional benefit of an annual energy
cost-savings of approximately 20 percent. This budget-neutral project
not only provides energy efficient solutions, it also demonstrates the
community’s commitment to environmental stewardship.”

Ameresco is working closely with the District’s bond committee following
approval of their May 2016 improvement bond. This collaboration allows
the District to maximize the value of its bond dollars by utilizing an
ESPC. An ESPC sets a maximum implementation cost for the District,
guarantees a minimum threshold for energy savings, and specifies
required operational outcomes for the entire project. As part of its
contract, Ameresco is also responsible for engineering, installation,
commissioning and verification of the project.

The project is expected to be completed in Fall 2018.

About Junction City School District
Junction City is a
community of just over 6,000 people, but with school boundaries of
12,000 people. It is approximately 15 miles north of Eugene in Lane
County, Oregon. The District has two elementary schools, one middle
school and one high school. It serves 1,689 students and employs 205
staff. For more information, visit http://www.junctioncity.k12.or.us/.

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 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 2017.

Contacts

Ameresco
CarolAnn Hibbard, 508-661-2264
[email protected]
or
Junction
City School District
Chris Meyer, 541-998-6311, x603
Facilities
Director