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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.”