Ameresco Partners with Portland Public Schools for Phase 8 Energy Improvements

Energy infrastructure improvements expected to reduce DistrictÔÇÖs
utility costs and improve the learning environment for students and
staff.

FRAMINGHAM, Mass. & PORTLAND, Ore.–(BUSINESS WIRE)–Ameresco,
Inc. (NYSE:AMRC), a leading energy
efficiency and renewable
energy company and the Portland Public Schools, today announced that
the District has partnered with Ameresco for a $2.1 million, turnkey
project under an Energy Savings Performance Contract (ESPC) to provide
energy efficiency and infrastructure upgrades to five schools.

Energy efficiency upgrades will include interior, exterior, and parking
lot lighting improvements at Markham Elementary School, Jackson Middle
School, Jefferson High School, and Ockley Green Middle School. Full
controls system upgrades will be implemented at Markham and Whitman
Elementary Schools. All the steam traps at Whitman that were identified
in the audit will be repaired or replaced. These improvements will
collectively reduce annual utility costs by an estimated $71,000.

The Energy Program Manager for Portland Public Schools, Aaron Presberg,
noted these efficiency measures will continue to assist the District in
achieving its sustainability goals by reducing energy use and realizing
the associated environmental impact. ÔÇ£In addition to saving energy,
Ameresco is providing PPS solutions that will address needed
infrastructure upgrades and maintenance, while improving comfort and
visibility for staff and students at the selected schools. The added
controls will also provide our facilitiesÔÇÖ staff with broader and easier
access to HVAC monitoring and enable faster reaction to address any
issues as they arise.ÔÇØ

Executive Vice President of Ameresco, Louis Maltezos, added, ÔÇ£Ameresco
is proud to provide Portland Public Schools with comprehensive energy
efficiency and infrastructure upgrade solutions utilizing energy savings
performance contracts. Our ongoing partnership with the District is
helping to enhance and extend the life of school facilities, while
furthering and supporting PPSÔÇÖs commitment of social responsibility and
environmental stewardship throughout the community.ÔÇØ

Ameresco has been working with PPS for nearly a decade, implementing
energy and water saving measures with guaranteed performance and
savings. This collaboration has provided the District access to funding
and utility incentives, sourced by Ameresco, to assist PPS in
accomplishing their financial goals. Utility incentives and funding from
OregonÔÇÖs Senate Bill 1149 legislation are estimated to provide funding
of over $1,180,000, over 50 percent of the contract total.

This project is expected to be completed in Fall 2018.

About Portland Public Schools
Portland Public Schools,
founded in 1851, is a PK-12 urban school district in Portland, Oregon.
With more than 49,000 students in 78 schools, it is one of the largest
school districts in the Pacific Northwest. For more information, visit www.pps.net.

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. AmerescoÔÇÖs sustainability services include
upgrades to a facilityÔÇÖs 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 customerÔÇÖs entry into a project contract is not
necessarily indicative of the timing or amount of revenue from such
contract, of the companyÔÇÖs overall revenue for any particular period or
of trends in the companyÔÇÖs overall total construction backlog. This
project was included in our reported awarded backlog as of March 31,
2018.

Contacts

Ameresco
CarolAnn Hibbard, 508-661-2264
[email protected]
or
Portland
Public Schools
Harry Esteve, 503-916-3374
[email protected]