Ameresco Partners With City Of Seabrook, Texas To Install Water Meters

Ameresco Inc AMRC partners with the City of Seabrook, Texas, to install a smart metering infrastructure improvement project that includes installing solid-state water meters and an advanced metering infrastructure (AMI) system. The financial terms of the deal were not disclosed.
Ameresco to install more than 4,100 water meters in place of the city's existing meters and save the city over $50,000 per year.
By replacing the water meters proactively, Ameresco and the City of Seabrook will restore accuracy to its reporting data.
Construction is scheduled to be completed by the end of 2021, and the new water-smart customer portal will launch by spring 2022.
Price Action: AMRC shares are trading lower by 2.02% at $70.67 on the last check Wednesday.

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