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DOER And State Officials Join Ameresco And City Of Lowell Leaders To Commemorate Completion Of Major Energy Efficiency Project

Stocks in this article: AMRC

Ameresco, Inc. (NYSE:AMRC), a leading energy efficiency and renewable energy company, today joined with state, city and school officials to commemorate the completion of a multi-tiered energy services program with the City of Lowell, Massachusetts. As part of a ribbon-cutting event hosted at Lowell City Hall, Ameresco executives recognized the economic and environmental benefits of the $21.1 million energy savings performance contract (ESPC) with Massachusetts State Senator Eileen Donoghue (D-Lowell), Massachusetts Director of the Green Communities Division Meg Lusardi, Lowell Mayor Patrick Ó. Murphy and City Manager Bernard F. Lynch, as well as state officials and members of the Lowell City Council.

All told, the city-wide infrastructure upgrade and energy efficiency project, which included 47 of Lowell’s municipal buildings, is expected to produce annual energy savings of more than $1.5 million over a 20 year contract. This represents approximately 25 percent savings overall. In 2010, Lowell earned the Green Community designation from the Massachusetts Department of Energy Resources (DOER). Building on its sustainability progress, Lowell received the 2011 Municipal Leading by Example Award from the Massachusetts Leading by Example Program.

“Lowell has taken a bold, comprehensive approach to managing its energy use,” said Department of Energy Resources Commissioner Mark Sylvia. “As one of the state’s 86 designated Green Communities, Lowell is taking control of its own energy future. The City’s energy investments will bring economic and environmental benefits to the community and serve as a model of how municipal energy efficiency upgrades and renewable energy technologies keep municipal dollars in the community.”

“Lowell is a pioneer in terms of developing innovative and efficient strategies to conserve energy,” said Senator Eileen Donoghue. “Ameresco proved to be an incredible partner for the City of Lowell. Ultimately, energy conservation benefits our environment while generating significant cost savings for our cities and towns – I think other cities will soon be following Lowell’s lead.”

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