Sustainability-Focused Executive Order Positions Federal Government for Advancement in Clean Energy Initiatives

Ameresco commends the Administration for accelerating the clean energy transformation

FRAMINGHAM, Mass--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, welcomes President Biden’s recently signed Executive Order focused on advancing clean energy initiatives in a “leadership by example” approach by the Federal Government. The Executive Order sets a new goal for the Federal Government to reach carbon neutrality by 2050 and reiterates its commitment to build clean, equitable and resilient operations at scale.

Among other ambitious goals, the order calls for modernization of the Federal building portfolio to reach net-zero emissions by 2045, including a 50% reduction in building emissions by 2032. In announcing the first-ever Federal Building Performance Standard, the government declared its intention to utilize performance contracting to improve the Federal building portfolio with no up-front costs required. The order also outlines a commitment to achieve 100 percent carbon pollution-free electricity use by 2030, at least half of which will be locally supplied clean energy to meet 24/7 demand. It also calls for at least 10 GW of new American clean electricity production by 2030.

As Electric Vehicle (EV) expansion continues to be a focus following discussions at COP26, the 2021 United Nations Climate Change Conference, the order details the importance of a transition to 100% zero-emission vehicles by 2035 for the Federal vehicle fleet. The achievement of this initiative will create the largest zero-emissions fleet in the Nation.

“Ameresco was founded on the principle of doing well by doing good, and we believe performance contracting has a leading role to play in the clean energy transformation. We applaud the ambitious goals set forth in the Executive Order, and we thank the Biden Administration personnel and Congressional leaders for their work on this effort,” said Nicole Bulgarino, Executive Vice President, Ameresco. “We have been providing performance contracting solutions to our customers for more than 20 years and we look forward to partnering further with the Federal Government on their clean energy initiatives of the future.”

To learn more about Ameresco and the company’s clean energy solutions, visit www.ameresco.com.

About Ameresco, Inc.

Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to customers throughout North America and the United Kingdom. In support of our customers pursuit of Net Zero, our sustainability services include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. 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, visit www.ameresco.com.