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!

Ameresco Expands Market Share In Ohio With New Energy Efficiency Project At Leading Vocational School

Stocks in this article: AMRC

Ameresco, Inc. (NYSE:AMRC), a leading energy efficiency and renewable energy company, today announced that it has entered into an Energy Savings Performance Contract (ESPC) project with Lorain County Joint Vocational School (JVS). As part of the contract, the school will leverage Ohio’s landmark energy conversation legislation (HB 264) to implement comprehensive energy conservation measures that are expected to save Lorain County JVS over $314,000 in energy and operational costs annually for the duration of the 15-year contract.

Without having to spend a dollar from its capital budget, the ESPC supports the Lorain County JVS’s efforts to be a good steward of their limited resources and address important facility needs. The project will include improvements to facilities on the district’s 10-acre campus that houses both a Career-Technical High School and an Adult Career Center and serves more than 1,000 students annually. Ameresco guarantees the energy cost savings for the duration of the contract.

“We are pleased that these improvements will reduce our carbon footprint, and the school district is expected to save approximately $26,000 per month in energy and operating costs. Also, Ameresco is turning this into an excellent student learning opportunity by directly involving our Building Trades students in various phases of the project,” said Jerry Pavlik, Deputy Superintendent of Lorain County Joint Vocational School.

The ESPC upgrades slated to be performed as part of the Lorain County JVS project will include the following:

  • Comprehensive Lighting Program – new interior lighting and controls are expected to improve efficiency of lighting by 35-40 percent;
  • Energy Management System – the integration of an industry-leading automation program for energy and environmental management;
  • HVAC System Upgrades – completely re-designed heating plant with two new hot water condensing boilers that is expected to result in up to a 35 percent energy efficiency improvement and provide a reliable heating system;
  • New Green Components – new LED lighting, a solar thermal hot water system, and a solar photovoltaic demonstration unit with a green kiosk (for student educational purposes) will be implemented.

“We are excited to start work on this project with Lorain County Joint Vocational School, which will take advantage of House Bill 264 to address much needed facility upgrades,” said Louis P. Maltezos, Executive Vice President of Ameresco. “By using the budget neutral ESPC model, we will be able to help the school to continue to be good stewards of their taxpayers’ dollars and improve the learning environment for students in their school building while lowering the utility expenditure for Lorain County JVS by more than 30 percent.”

1 of 2

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 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

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