Inc., (NYSE:AMRC), a leading energy efficiency and renewable energy
company, announced today that Ameresco
Quantum, Inc., has started work on a comprehensive Energy
Savings Performance Contract (ESPC) for Reed College in Portland,
Oregon. The $5.4 million ESPC is expected to help the college save in
excess of $2.7 million over 10 years through campus-wide operational and
energy efficient upgrades while reducing its annual CO2
emissions by 2.65 million pounds.
After recently celebrating its 100th anniversary, Reed
College recognized the value of a thorough evaluation of the 960,446
square feet of campus buildings. The administration looked to
significantly reduce the college's environmental impact by minimizing
energy use, maximizing equipment life, and maintaining and improving on
the livability of their building environments. By providing the college
with an accurate existing condition assessment from their meter-based
Total System Evaluation™ (TSE) method, Ameresco Quantum was able to
identify and prioritize major improvements to eight buildings plus
campus-wide lighting and water measures to support recognized
operational and sustainability goals.
"With some of the college buildings dating back to 1912, Reed wanted to
investigate means to maximize our energy opportunities moving forward.
The college looked for a partner that would take a unique and
collaborative approach to matching the appropriate energy and water
efficiency solutions to our diverse set of mechanical equipment and
controls,"said Townsend Angell, Reed College's Director of Facilities
Operations. "We selected Ameresco Quantum based on their history of
working on similar projects in the Pacific Northwest and their track
record of measurable results. We welcome the opportunity to implement
the various facility enhancements that will represent real cost savings
and enable the institution to realize effective sustainability and
energy management solutions within our budget."
Based on the comprehensive TSE energy and water audit of the college's
facilities, Ameresco Quantum identified potential energy savings
measures including campus-wide interior, exterior lighting and plumbing
upgrades, as well as installing a more energy efficient and controlled
HVAC system to lower energy use and improve building occupant comfort.
In addition, new energy efficient technologies will be installed on the
campus-wide boiler system, including HVAC controls, and the installation
of a new energy dashboard for stricter monitoring and regulation of the
campus-wide steam system.
"We are pleased to partner with Reed College and we have worked closely
with their facilities team to identify the energy savings potential and
to recommend solutions that will improve the quality of the facilities
and infrastructure on a budget-neutral basis," said Mike O'Connor, Vice
President, Northwest Region for Ameresco Quantum. "In addition, we have
explored other funding mechanisms for the project, including a $300,000
Energy Trust of Oregon incentive that we have secured. Once the project
is complete, the energy conservation and efficiency program will
significantly reduce the energy demands and related costs for all
facilities, and improve the living and learning environments for the
entire Reed College community."
This project with Reed College comes on the heels of Ameresco Quantum's
partnership with Portland Public Schools as well as 17 of Washington's
34 community and technical colleges, for which Ameresco Quantum has
obtained nearly $7 million in energy and operational savings grants from
the Washington Department of Commerce. As one of the largest providers
of energy services in the Pacific Northwest, Ameresco Quantum has
implemented energy savings performance contracts for over 100 colleges,
school districts, municipalities and state agencies. Ameresco pioneered
the ESPC financing model, making the budget-neutral solution an
increasingly popular option when modernizing a single facility or
providing a comprehensive campus-wide energy management system.
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
facilities throughout North America. Ameresco's 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 provides local expertise through its 63 offices in 34 states
and five Canadian provinces. Ameresco has more than 900 employees. For
more information, visit www.ameresco.com.
About Reed College
Reed College was founded in 1908 in Portland, Oregon, as an independent,
coeducational, nonsectarian college of the liberal arts and sciences.
Reed provides one of the nation's most intellectually rigorous
undergraduate experiences, with a highly structured academic program
balancing broad distribution requirements and in-depth study in a chosen
academic discipline. Social life at Reed consists of a wide variety of
on- and off-campus opportunities for diversion, including art, music,
theatre, lectures, movies, and sports. The list of activities and
organizations is long and constantly growing-with every activity open to
all. For more information, visit www.reed.edu.
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