EDMONTON, Alberta - Ameresco, Inc. (NYSE:AMRC), a cleantech integrator known for its energy efficiency and renewable energy solutions, has announced a significant contract to implement energy upgrades across 124 buildings at the Canadian Forces Base in Edmonton, Canada. The project covers an expansive 4.6 million square feet and is designed to generate over $2 million in annual energy cost savings while cutting greenhouse gas emissions by more than 27%.
The energy conservation measures set to be implemented include the installation of LED lighting, boiler plant and heating system upgrades, and the conversion of fuel sources from natural gas to electric heat pump systems.
Additionally, the project will see the introduction of a geothermal ground source heat pump system, the replacement of natural gas clothes dryers with ventless heat pump dryers, the installation of water conservation measures, and upgrades to building envelopes for improved energy efficiency.
This initiative is not only expected to reduce energy consumption and greenhouse gas emissions but also projected to create 125 new jobs in the Edmonton area within the next two years. The comprehensive upgrades are aimed at providing a modernized, comfortable, and efficient energy system for the troops stationed at CFB Edmonton.
Ameresco began the project with a detailed evaluation in 2022, which included audits, the development of energy-saving measures, and a feasibility study.
Currently, in the design stage, the project is set to move into fast-tracked measures this summer, starting with the replacement of boilers and initiating LED lighting upgrades. The entire project is anticipated to reach completion by the end of 2026.
The contract with CFB Edmonton is part of Ameresco's larger portfolio of energy-saving and environmentally responsible projects that span various sectors, including federal, state, and local governments, utilities, healthcare, educational institutions, housing authorities, and commercial and industrial customers.
This announcement was based on a press release statement and should not be viewed as an indicator of Ameresco's revenue or trends in its overall project backlog, despite the project's inclusion in Ameresco's contracted backlog as of December 31, 2023. For further details on Ameresco's energy efficiency solutions, interested parties are directed to the company's official website.
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