FRAMINGHAM, Mass. & KAHULUI, Hawaii--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced its award from Hawaiian Electric Company for the proposed 'Ūkiu Energy 40-megawatt (MW) renewable energy site in Maui. This innovative facility will add critical grid reliability to the island and move Hawaii closer to its clean energy goals, including the state's commitment to achieving 100% renewable electricity and carbo ...

Core Insights - Ameresco, Inc. has achieved commercial operation at its landfill gas to renewable natural gas (RNG) plant at Republic Services' Brickyard Landfill in Danville, Illinois, with a gross nameplate capacity of over 500,000 Dekatherms per year [1] - The Brickyard facility is expected to produce RNG that can reduce over 27,000 tons of carbon dioxide emissions annually, equivalent to the carbon sequestered by planting nearly 326,000 acres of forests [2] - The project aligns with Republic Services' sustainability goal to beneficially reuse 50% more biogas by 2030 and represents Ameresco's 12th renewable energy project with Republic [3] Company Overview - Ameresco, founded in 2000, is a leading cleantech integrator and renewable energy asset developer, focusing on energy efficiency and sustainability solutions [5] - Republic Services is a leader in the environmental services industry, providing a comprehensive range of products and services aimed at advancing circularity and supporting decarbonization [6]

FRAMINGHAM, Mass. & KAUAI, Hawaii--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced the completion of the installation of new energy efficiency and maintenance advancements at OUTRIGGER Kauai Beach Resort & Spa as part of a 15-year Energy as a Service (EaaS) agreement. The partnership allowed the oceanfront resort to update and replace its energy-related equipment without up-front capital. The $15.5 milli ...

FRAMINGHAM, Mass. & WARREN, Mich.--(BUSINESS WIRE)--Ameresco, Inc. (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy announces they have been awarded an Energy Savings Performance Contract (ESPC) from Warren Woods Public Schools in Warren, Michigan. The collaboration aims to improve the district's facilities by promoting sustainability, energy efficiency and financial resilience. Under the ESPC, Ameresco will implement a variety of cutting-edge technologi ...

Ameresco representatives present check for one time donation to the Village of DePue as a part of the project for beneficial reuse of the landfill and community support of clean energy. (Photo: Business Wire)Ameresco representatives present check for one time donation to the Village of DePue as a part of the project for beneficial reuse of the landfill and community support of clean energy. (Photo: Business Wire)FRAMINGHAM, Mass. & DEPUE, Ill.--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading cleant ...

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced it has received a Silver Award for Energy, Cleantech, and Environment Company of the Year in the 2024 Globee® Awards for American Business. The Globee Awards, which is part of the American Best in Business Awards program, showcases the pinnacle of success and achievement in the business world, bringing together leading companies, entrepre ...

Ameresco, Inc. (NYSE:AMRC) Q3 2023 Results Conference Call November 6, 2023 4:30 PM ET Company Participants Leila Dillon - SVP, Marketing & Communications George Sakellaris - Chairman, President & CEO Doran Hole - EVP, CFO Mark Chiplock - SVP, CAO Joshua Baribeau - SVP, Finance and Corporate Treasury Conference Call Participants Christopher Souther - B. Riley Eric Stine - Craig-Hallum George Gianarikas - Canaccord Genuity Greg Wasikowski - Webber Research & Advisory Joseph Osha - Guggenheim Julien Dumoulin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________. Commission File Number: 001-34811 Ameresco, Inc. (Exact name of registrant as specified in its charter) Delaware 04-3512838 (S ...

Financial Data and Key Metrics Changes - Second quarter revenue was $327.1 million, exceeding guidance by approximately $37 million, with adjusted EBITDA at the higher end of the range [12][13] - Gross margin expanded to 17.9%, driven by a decline in lower-margin contracts as a percentage of total revenue [13] - The company ended the quarter with a record total project backlog of $3.2 billion, a 9% sequential increase [5][13] Business Line Data and Key Metrics Changes - Energy Asset revenue grew by 17% year-over-year, attributed to an increased number of operating assets [12] - Operations and Maintenance (O&M) business delivered 9% growth, while other business lines increased by 4% due to higher demand for utility, SaaS, and consulting services [12] Market Data and Key Metrics Changes - The company added $493 million in new project awards during the quarter, bringing total awards for the first half of the year to nearly $1 billion [5] - The Inflation Reduction Act has significantly boosted the adoption of standalone battery storage systems, which now represent 41% of assets in development [6][8] Company Strategy and Development Direction - The company aims to achieve net zero emissions from internal operations by 2040 and has set a target for emissions reduction through the Science-Based Targets initiative by 2025 [11] - The focus on large battery energy storage contracts is a key growth area, with the company positioned as a leader in this market due to its technical expertise and supplier relationships [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in long-term growth, supported by a strong project backlog and visibility into future revenues exceeding $6.7 billion [19] - The company reaffirmed its 2023 guidance, anticipating adjusted EBITDA growth of 5% at the midpoint, despite challenges from the completion of large projects [18] Other Important Information - The EPA's ruling on Renewable Fuel Standard targets has positively impacted the price of D3 RINs, enhancing long-term visibility for the company's RNG operations [9][10] - The company is committed to maintaining a flexible business model that allows for both project and asset business lines to capitalize on the growing demand for renewable energy solutions [17] Q&A Session Summary Question: Clarification on revenue guidance and performance - Management indicated that while there has been better-than-expected performance, they are not changing overall guidance due to timing shifts in project awards [21][22] Question: Project margins and operating leverage - Management noted that project margins were impacted by a mix of lower-margin contracts and cost overruns, but they expect margins to improve in the second half of the year [23][24] Question: Impact of RFS decision on guidance - The increase in RIN prices has a positive but not significant impact on guidance, as the company maintains conservative assumptions [25][26] Question: Insights into pricing environment and project margins - Management reported strong bidding activity and larger project sizes, which contribute to profitability despite lower margins on certain contracts [28][29] Question: Update on European market traction - The company is experiencing strong activity in Europe, with successful projects in Italy and Greece, and anticipates further growth [31][32] Question: Storage business procurement process - The company is expanding relationships with battery suppliers and is more selective in procurement processes following learnings from previous projects [34][35] Question: Focus on free cash flow generation - Management emphasized flexibility in project and asset business strategies, with no prescriptive move towards one over the other [40][41] Question: Update on RNG projects and construction timelines - Construction of RNG projects is progressing well, with several expected to come online in 2024 [58][59] Question: Approach to RIN monetization - The company plans to hedge 50% of output while selling the rest in the open market, benefiting from improved RIN pricing visibility [47][48] Question: CapEx expectations for the year - Management indicated that CapEx was front-end loaded due to the timing of larger projects, with substantial amounts already spent [78][79] Question: Update on the Bristol project - The company is pleased with the progress on the Bristol project, although approvals have been slower than anticipated [80]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________. Commission File Number: 001-34811 Ameresco, Inc. (Exact name of registrant as specified in its charter) Delaware 04-3512838 (State ...