FRAMINGHAM, Mass. & FISHERS, Ind.--(BUSINESS WIRE)--Ameresco, Inc., (NYSE:AMRC), a leading energy efficiency and renewable energy company, and Hamilton Southeastern Schools today announced a partnership to bring renewable energy to the school district in the form of ground mount solar farms. Two solar arrays comprised of 4,800 panels will power three of the district’s schools. Ameresco has also provided Hamilton Southeastern Schools with two solar wagons and programming to incorporate sustainability education into its curriculum.
With construction already underway, Hamilton Southeastern Schools will finance this project with bond fees and operational cost savings generated from the solar arrays. Already the project has generated funds for the construction of a playground at the Riverside Intermediate School and is projected to generate additional funds to build two more in the district.
“Our partnership with Ameresco has already allowed us to invest in projects that directly benefit our students and create a more sustainable learning environment at our schools,” said Dr. Allen Bourff, Superintendent of Hamilton Southeastern Schools. “The curriculum Ameresco provided will help our teachers educate their students about the latest innovations in renewable energy technology and the importance of sustainability for the future of our environment.”
The solar panels at Sand Creek Elementary and Intermediate Schools have a projected annual output of 1,492,919 kWh and those at HSE Intermediate and Junior High with another 892,681 kWh. Combined, the arrays will generate enough energy to power 294 homes for a year and help avoid 1,687 metric tons of CO2 emissions annually.
“By taking steps to integrate solar power into its energy portfolio, Hamilton Southeastern Schools will provide more comfortable, cost efficient learning environments for its students and teaching staff,” said Lou Maltezos, Executive Vice President of Ameresco. “We are thrilled to be their partner in this endeavor and help them complete this project in a budget-neutral way.”
To learn more about Ameresco’s work with K-12 schools, visit www.ameresco.com/customers/k-12-schools/.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading independent provider of comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include upgrades to a facility’s energy infrastructure and the development, construction and operation of renewable energy plants. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, www.ameresco.com.
About Hamilton Southeastern Schools
Hamilton Southeastern Schools, as a forward-thinking school district, provides educational opportunities to ensure the success of each and every student, to become a responsible citizen and to positively influence an ever-changing world community. The district enrolls 21,000 students and consists of twelve elementary schools, four intermediate schools, four junior high schools, and two high schools. The central office is located at 13485 Cumberland Road, Fishers, Indiana.
The announcement of a customer’s entry into a project contract is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s overall project backlog. This project was included in our previously reported awarded backlog as of March 31, 2019.