Ameresco (NYSE:AMRC) Q4 2025 Earnings call March 02, 2026 04:30 PM ET Company ParticipantsGeorge Sakellaris - Chairman and CEOHannah Velásquez - Equity Research Senior AssociateJoshua Baribeau - SVP and Chief Investment OfficerLeila Dillon - EVP of Marketing and CommunicationsManish Sharma - Company RepresentativeMark Chiplock - EVP, CFO, and TreasurerStephen Gengaro - Managing DirectorConference Call ParticipantsBen Kallo - Senior Research AnalystGeorge Gianarikas - Managing Director and Senior AnalystNoah ...

Ameresco (NYSE:AMRC) Q4 2025 Earnings call March 02, 2026 04:30 PM ET Speaker9Good afternoon, ladies and gentlemen. Thank you for standing by. My name is Kelvin, and I will be your conference operator today. At this time, I would like to welcome everyone to Ameresco, Inc.'s Q4 2025 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you'd like to ask a question during this time, simply pres ...

Group 1 - The legal representative of Shandong Tietou Energy Management Co., Ltd. has changed from Bao Yinghao to Wei Guoguang, with a new board member, Jiang Yanliang, added [1] - Shandong Tietou Energy was established in May 2025 with a registered capital of 50 million yuan and is a wholly-owned subsidiary of Shandong Tietou Energy Investment Group Co., Ltd., controlled by the Shandong Provincial State-owned Assets Supervision and Administration Commission [1] Group 2 - As a subsidiary of Shandong Tietou Group, Shandong Tietou Energy focuses on "main business + scientific innovation," integrating "transportation + energy" to accelerate industrial upgrades and promote green and low-carbon transformation in high-speed rail energy usage [3] - The company is actively developing emerging businesses such as virtual power plants, microgrids, and zero-carbon parks, aiming to become a leading comprehensive energy service provider in clean energy and energy conservation [3] - In May 2022, Shandong Tietou Energy won the bid for the Yantai Airport distributed photovoltaic power generation investment project, which is the first large-scale distributed photovoltaic project implemented at an airport in Shandong Province, with a total investment of approximately 31 million yuan and an installed capacity of no less than 10 MW, generating over 11 million kWh annually [3] - In 2025, Shandong Tietou Energy was included in the list of technology-based small and medium-sized enterprises in Shandong Province and selected as a "Gazelle Enterprise" in Jinan City, with plans to increase R&D investment and accelerate the implementation of scientific research projects [3]

Core Viewpoint - The integrated development of source-grid-load-storage is essential for the high-quality development of the power system and is a necessary choice for enhancing the consumption of renewable energy and non-fossil energy [2] Group 1: Training Overview - The training on source-grid-load-storage and microgrid investment construction is organized by China Energy News and aims to deepen understanding of related issues [2][3] - The training will take place from March 6 to 7 in Hangzhou [3] Group 2: Target Audience - The training is aimed at large energy groups, power companies, generation groups, local energy groups, key parks, factories, and various energy-consuming institutions [3] - It also targets new energy enterprises (wind, solar, storage), power design institutes, and integrated design units [3] Group 3: Course Modules - The training will cover policy interpretation, current development status, application scenarios, technical analysis, and project profitability models related to source-grid-load-storage and microgrids [3][4] Group 4: Development Directions - The training will discuss the differences and connections between green electricity direct connection and source-grid-load-storage [4] - It will also cover the application of microgrids in zero-carbon parks and provide guidelines for industrial green microgrid construction [4] Group 5: Fees and Payment - The training fee is set at 3,900 yuan per person, which includes the training fee, while transportation and accommodation are self-managed [4] - Payment can be made via bank transfer, and on-site payment will not be accepted [4]

关于举办源网荷储及微电网投资建设培训的通知 源网荷储及微电网不仅是解决可再生能源消纳的关键技术，更是构建新型电力系统、实 现"双碳"目标的核心路径之一。为帮助各企事业单位对源网荷储及微电网相关问题有更深 入的了解，《中国能源报》社特举办源网荷储及微电网投资建设培训，培训完后发放《中 国能源报》社有限公司中国能源经济研究院"源网荷储及微电网投资建设"培训结业证书。 具体安排如下： 一、时间地点 培训时间：3月6日—7日 培训地点：杭州 二、组织机构 主办单位：《中国能源报》社有限公司 学术支持：中国能源经济研究院 三、培训对象 1 . 各大型能源集团；电力公司；发电集团；地方能源集团；地方电力集团、重点园区、 工厂及各类型用能机构； 2 . 新能源企业（风电、光伏、储能等）、电力设计院、源网荷储一体化设计单位； 各企事业单位： 源网荷储一体化发展是电力行业坚持系统观念的内在要求，是实现电力系统高质量发展的 客观需要，是提升可再生能源开发消纳水平和非化石能源消费比重的必然选择，对于促进 我国能源转型和经济社会发展具有重要意义。 微电网具有自平衡、自安全、小微化、绿色化、数智化、共享化等特征，建设微电网对新 型电力 ...

Core Viewpoint - The integrated development of source-grid-load-storage is essential for the high-quality development of the power system and is a necessary choice for enhancing the consumption of renewable energy and non-fossil energy [2] Group 1: Training Overview - The training on source-grid-load-storage and microgrid investment construction is organized by China Energy News and aims to deepen understanding of related issues [2][3] - The training will take place from March 6 to 7 in Hangzhou [3] Group 2: Target Audience - The training is aimed at large energy groups, power companies, generation groups, local energy groups, key parks, factories, and various energy-consuming institutions [3] - It also targets new energy enterprises (wind, solar, storage), power design institutes, and integrated design units [3] Group 3: Course Modules - The training will cover policy interpretation, current development status, application scenarios, technical analysis, and profit models related to source-grid-load-storage and microgrids [3][4] - Specific topics include the distinction and connection between green electricity direct connection and source-grid-load-storage, applications of microgrids in zero-carbon parks, and guidelines for industrial green microgrid construction [4] Group 4: Training Fees - The training fee is set at 3,900 yuan per person, which includes the training cost, while transportation and accommodation are self-managed [4]

Core Viewpoint - The integrated development of source-grid-load-storage is essential for the high-quality development of the power system and is a necessary choice for enhancing the consumption of renewable energy and non-fossil energy [2] Group 1: Training Overview - The training on source-grid-load-storage and microgrid investment construction is organized by China Energy News and aims to deepen understanding of related issues [2][3] - The training will take place from March 6 to 7 in Hangzhou [3] Group 2: Target Audience - The training is aimed at large energy groups, power companies, generation groups, local energy groups, key parks, factories, and various energy-consuming institutions [3] - It also targets new energy enterprises (wind, solar, storage), power design institutes, and integrated design units [3] Group 3: Course Modules - The training will cover policy interpretation, current development status, application scenarios, technical analysis, and profit models related to source-grid-load-storage and microgrids [3][4] Group 4: Development Directions - The training will discuss the differences and connections between green electricity direct connection and source-grid-load-storage [4] - It will also cover the application of microgrids in zero-carbon parks and provide guidelines for industrial green microgrid construction [4] Group 5: Fees and Payment - The training fee is set at 3,900 yuan per person, which includes the training fee, while transportation and accommodation are self-catered [4] - Payment can be made via bank transfer, and on-site payment will not be accepted [4]

Core Viewpoint - The integrated development of source-grid-load-storage is essential for the high-quality development of the power system and is a necessary choice for enhancing the consumption of renewable energy and non-fossil energy [2] Group 1: Training Overview - The training on source-grid-load-storage and microgrid investment construction is organized by China Energy News and aims to deepen understanding of related issues [2][3] - The training will take place from March 6 to 7 in Hangzhou [3] Group 2: Target Audience - The training is aimed at large energy groups, power companies, generation groups, local energy groups, key parks, factories, and various energy-consuming institutions [3] - It also targets new energy companies (wind, solar, storage), power design institutes, and integrated design units [3] Group 3: Course Modules - The training will cover policy interpretation, current development status, application scenarios, technical analysis, and profit models related to source-grid-load-storage and microgrids [3][4] Group 4: Development Directions - The training will discuss the differences and connections between green electricity direct connection and source-grid-load-storage [4] - It will also cover the application of microgrids in zero-carbon parks and provide guidelines for industrial green microgrid construction [4] Group 5: Fees and Payment - The training fee is set at 3,900 yuan per person, which includes the training fee, while transportation and accommodation are self-catered [4] - Payment can be made via bank transfer, and on-site payment will not be accepted [4]

Core Viewpoint - The integrated development of source-grid-load-storage is essential for the high-quality development of the power system and is a necessary choice for enhancing the consumption of renewable energy and non-fossil energy [2] Group 1: Training Overview - The training on source-grid-load-storage and microgrid investment construction is organized by China Energy News and aims to deepen understanding of related issues [2][3] - The training will take place from March 6 to 7 in Hangzhou [3] Group 2: Target Audience - The training is aimed at large energy groups, power companies, generation groups, local energy groups, key parks, factories, and various energy-consuming institutions [3] - It also targets new energy enterprises (wind, solar, storage), power design institutes, and integrated design units [3] Group 3: Course Modules - The training will cover policy interpretation, current development status, application scenarios, technical analysis, and profit models related to source-grid-load-storage and microgrids [3][4] Group 4: Development Directions - The training will discuss the differences and connections between green electricity direct connection and source-grid-load-storage [4] - It will also cover the application of microgrids in zero-carbon parks and provide guidelines for industrial green microgrid construction [4] Group 5: Fees and Payment - The training fee is set at 3,900 yuan per person, which includes the training fee, while transportation and accommodation are self-catered [4] - Payment can be made via bank transfer, and on-site payment will not be accepted [4]

Core Viewpoint - The integrated development of source-grid-load-storage is essential for the high-quality development of the power system and is a necessary choice for enhancing the consumption of renewable energy and non-fossil energy [2] Group 1: Training Overview - The training on source-grid-load-storage and microgrid investment construction is organized by China Energy News and aims to deepen understanding of related issues [2][3] - The training will take place from March 6 to 7 in Hangzhou [3] Group 2: Target Audience - The training is aimed at large energy groups, power companies, generation groups, local energy groups, key parks, factories, and various energy-consuming institutions [3] - It also targets new energy enterprises (wind, solar, storage), power design institutes, and integrated design units [3] Group 3: Course Modules - The training will cover policy interpretation, current development status, application scenarios, technical analysis, and profit models related to source-grid-load-storage and microgrids [3][4] Group 4: Development Directions - The training will discuss the differences and connections between green electricity direct connection and source-grid-load-storage [4] - It will also cover the application of microgrids in zero-carbon parks and provide guidelines for industrial green microgrid construction [4] Group 5: Training Fees - The training fee is set at 3,900 yuan per person, which includes the training cost, while transportation and accommodation are self-managed [4]