Ameresco Partners With Tarleton State University For Energy, Water Conservation Project

Ameresco Inc AMRC announced energy savings performance contract (ESPC) with Tarleton State University to develop an energy and water conservation project.
Ameresco will work with Tarleton State to implement an energy and water conservation project that will realize a 21-23% reduction in electric consumption and a nearly 33% reduction in water consumption annually.
Planned improvements at Tarleton State University include light-emitting diode (LED) lighting retrofits and replacements, water fixture improvements, controls, and instrumentation improvements, and HVAC lifecycle replacements. The project will be entirely self-funded using the utility savings generated by the conservation measures implemented.
Project construction began in June 2021 and is expected to be completed by June 2022.
Price Action: AMRC shares are trading higher by 1.54% at $69.72 on the last check Wednesday.