This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

University Medical Center Partners With Ameresco On Energy Efficiency Upgrades For Guaranteed Savings

Stocks in this article: AMRC

Ameresco, Inc. (NYSE:AMRC), a leading energy efficiency and renewable energy company, announced today that it has signed and started construction on an Energy Savings Performance Contract (ESPC) with the University Medical Center of Southern Nevada (UMC). Ameresco will install over $4.5 million of energy efficiency improvements at UMC. UMC anticipates that these energy efficiency improvements will save them over $200,000 annually while also addressing critical infrastructure needs. The project is expected to be completed in early 2013.

UMC is Nevada’s only public hospital and Level 1 trauma center that is equipped to handle any level of trauma severity with operating rooms ready at all times. Like many other public entities in the area hit hard by the economy and shrinking tax base, UMC must be very careful with how it spends its diminished budget and still address aging equipment.

Energy efficiency is a way for the hospital to quickly reduce both energy and maintenance costs. The ESPC model gave UMC an assurance that the improvements will have a guaranteed minimum savings. The infrastructure improvements are expected to increase efficiency and lifespan of the equipment, thereby avoiding any potential unexpected equipment failures from deferred maintenance.

“The ESPC model allows us to make a variety of critically needed infrastructure improvements with guaranteed energy savings. We are expected to benefit from energy and maintenance savings as soon as the projects are completed,” said Cindi Roehr, associate administrator at the University Medical Center of Southern Nevada. “The advantage of working with Ameresco is that they can perform multiple projects at one time. It would take years to do these projects individually and would cost a lot more in time and money.”

UMC’s contract with Ameresco includes replacing old equipment that has reached the end of its useful life, some original to the building, with new efficient equipment and systems. These improvements include new lighting systems and controls, condenser pumps, variable frequency drives, server room cooling systems, boilers and air handler units across the hospital’s 975,624-square-foot footprint.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs