Ameresco Inc
Founded in 2000, Ameresco, Inc. 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.
Strategic acquisitions of complementary businesses and assets have been an
important part of our historical development. Since inception, we have completed
numerous acquisitions, which have enabled us to broaden our service offerings
and expand our geographical reach. Our acquisition of the energy consultancy
and energy project management business of Energyexcel LLP in the third quarter
of 2014 added to our local presence in the United Kingdom (“U.K.”)
and to our commercial and industrial customer base.
Our principal service is the development, design, engineering and installation
of projects that reduce the energy and operations and maintenance (“O&M”)
costs of our customers’ facilities. These projects typically include a
variety of measures customized for the facility and designed to improve the
efficiency of major building systems, such as heating, ventilation, air conditioning
and lighting systems. We typically commit to customers that our energy efficiency
projects will satisfy agreed upon performance standards upon installation or
achieve specified increases in energy efficiency. In most cases, the forecasted
lifetime energy and operating cost savings of the energy efficiency measures
we install will defray all or almost all of the cost of such measures. In many
cases, we assist customers in obtaining third-party financing for the cost of
constructing the facility improvements, resulting in little or no upfront capital
expenditure by the customer. After a project is complete, we may operate, maintain
and repair the customer’s energy systems under a multi-year O&M contract,
which provides us with recurring revenue and visibility into the customer’s
evolving needs.
We also serve certain customers by developing and building small-scale renewable
energy plants located at or close to a customer’s site. Depending upon
the customer’s preference, we will either retain ownership of the completed
plant or build it for the customer. Most of our small-scale renewable energy
plants to date have been constructed adjacent to landfills and use landfill
gas (“LFG”) to generate energy. Our largest renewable energy project
for a customer uses biomass as the primary source of energy. In the case of
the plants that we own, the electricity, thermal energy or processed LFG generated
by the plant is sold under a long-term supply contract with the customer, which
is typically a utility, municipality, industrial facility or other purchaser
of large amounts of energy.
2.4%