logo
Enerqos, an Ameresco Company, Helps Historic Milan Medical Institution Improve Resiliency and Drive Cost Savings Through Energy Efficiency Updates

Enerqos, an Ameresco Company, Helps Historic Milan Medical Institution Improve Resiliency and Drive Cost Savings Through Energy Efficiency Updates

Business Wire24-06-2025
FRAMINGHAM, Mass. & MILAN--(BUSINESS WIRE)-- Ameresco, Inc., (NYSE: AMRC), a leading energy solutions provider dedicated to helping customers navigate the energy transition, today announced a project at the Istituto Stomatologico Italiano to improve the historic institute's energy efficiency and install cost-saving, resilient renewable energy technology. Ameresco's Italian subsidiary, the Milan-based company ENERQOS Energy Solutions S.r.l., leads the project.
Located in the historic center of Milan, the Istituto Stomatologico Italiano (ISI) has been serving the people of Milan and the surrounding community for over a century, since 1909.
The project kicked off in late 2024, with its completion expected at the end of 2025, and took a comprehensive approach to the entire Institute, which is composed of three interconnected buildings with differing construction methods and architectural styles. Each component is being addressed with tailored solutions, culminating in the replacement of the existing curtain walls on the main building with a new high-performance one, and in the installation of a new 'double-skin façade system' featuring the alternance of metallic and plant solar screens.
Furthermore, existing HVAC systems will be upgraded across the Institute, and these upgrades will enhance indoor air quality, improve the buildings' efficiency and provide significant savings to the Institute.
In addition, Enerqos will be installing a solar photovoltaic and battery storage system on the Institute's premises. The solar-plus-storage system is expected to provide reliable, firm power to ISI, so it can continue to meet a high standard of patient care and comfort in the event of power loss. The Institute is expected to save on energy costs by generating renewable energy on site, in addition to savings achieved through energy efficiency upgrades.
The energy efficiency measures will be complemented by the installation of a new external elevator, designed to remove architectural barriers and improve accessibility throughout the facility. The elevator will also provide access to the renovated rooftop area.
Finally, the project will be completed by the reinforcement of the structures that will ensure the seismic adaptation of the historic Institute.
This initiative is part of Ameresco's broader and expanding European footprint. With operations spanning across the UK and Continental Europe, Ameresco has seen significant growth in the region, driven by demand for resilient, sustainable infrastructure. Strategic partnerships and acquisitions—such as the acquisition of Enerqos—have enabled the company to deliver localized, high-impact solutions that align with Europe's ambitious climate goals. The ISI project is a prime example of how Ameresco is leveraging its European presence to modernize critical buildings while preserving their historic and cultural value.
'We saw this project as an opportunity to modernize our image and integrate innovative technologies into our facility,' said Dr. Alberto Clivio, President of ISI. 'The energy and architectural redevelopment project stemmed from the desire to revitalize a hospital facility that has long been a central part of Milan—both in terms of its location and its functional identity—elevating its historic role in healthcare delivery to new standards of comfort and technological advancement.'
'We are proud to work with the Institute to implement these innovative energy resiliency and efficiency solutions that are as unique as the Institute itself,' said Massimo Fiscaletti, CEO at Enerqos. 'Historical preservation and resource efficiency efforts really can go hand in hand, maintaining and improving healthcare institutions like ISI for future generations. We're particularly proud of the successful turnkey approach delivered by our in-house ZEB – Zero Emission Building business unit—not only in managing the energy efficiency and architectural design and construction, but also in overseeing the entire administrative and tax credit management process, including the coordination of incentive mechanisms, which are crucial in the Italian regulatory context.'
To learn more about the energy efficiency solutions offered by Ameresco, visit www.ameresco.com/energy-efficiency/.
To learn more about Enerqos, visit https://enerqos.com/en/.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE: AMRC) is a leading energy solutions provider dedicated to helping customers reduce costs, enhance resilience, and decarbonize to net zero in the global energy transition. Our comprehensive portfolio includes implementing smart energy efficiency solutions, upgrading aging infrastructure, and developing, constructing, and operating distributed energy resources. As a trusted full-service partner, Ameresco shows the way by reducing energy use and delivering diversified generation solutions to Federal, state and local governments, utilities, educational and healthcare institutions, housing authorities, and commercial and industrial customers. Headquartered in Framingham, MA, Ameresco has more than 1,500 employees providing local expertise in North America and Europe. For more information, visit www.ameresco.com.
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 Ameresco's overall revenue for any particular period or of trends in Ameresco's overall total project backlog. This project was included in Ameresco's previously reported contracted backlog as of March 31, 2025.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Nvidia is on track to become the most valuable company in history
Nvidia is on track to become the most valuable company in history

Yahoo

time12 minutes ago

  • Yahoo

Nvidia is on track to become the most valuable company in history

The AI chipmaker Nvidia's shares hit a new all-time high on Thursday, briefly giving the company a market capitalisation of $3.92 trillion (€3.33tn), the highest in history for any company. This surpassed Apple's record of $3.91tr set in December 2024, even though Nvidia's market capitalisation dipped once again below this level at market close. The chipmaker's shares traded as high as $160.98 at their peak on Thursday, before the price dipped below this level, placing the market capitalisation at around $3.89tr when daily trading wrapped up. Tech companies' shares benefitted from a better-than-expected nonfarm payrolls report in the US, an indicator of a resilient US economy. This optimism was boosted by forecasts that businesses would continue to spend on AI advances, boosting demand for AI chips. Related Nvidia shares surge as earnings beat despite chip export restrictions to China Nvidia expects $5.5bn revenue hit as US curbs chip exports to China Nvidia shares are up more than 50% in just less than two months. Analysts expect that the company will break the valuation record soon and retain its elevated share price by the close of the trading day. 'Chip giant Nvidia is on track to achieve a new closing high,' said Dan Coatsworth, investment analyst at AJ Bell, adding that the 'AI revolution is still intact'. AJ Bell head of financial analysis Danni Hewson added that, 'After all the gloomy predictions that this might be the year the AI bubble bursts, Nvidia's found another gear. The chipmaker is on track to smash a coveted record and become the world's most valuable company ever.' The value of Nvidia currently is more than three times the total market capitalisation of the stock market in Spain and more than four times that of the Italian stock exchange. Error while retrieving data Sign in to access your portfolio Error while retrieving data

Inflation Is Cooling. Shrinkflation? It's Alive and Well.
Inflation Is Cooling. Shrinkflation? It's Alive and Well.

Yahoo

time15 minutes ago

  • Yahoo

Inflation Is Cooling. Shrinkflation? It's Alive and Well.

Inflation helped companies justify price increases, but now that it's cooling many companies are trimming the amount of product sold in packages, according to Finn Hansen, CEO of London-based price consultancy PriceBeam. This sort of "shrinkflation" has rankled consumers for years, but may become more prevalent if tariffs become more impactful, Hansen said. Companies have been rolling out smaller packages for other reasons, including appealing to those who want to avoid waste or have more portion control, experts a few years ago, a five-pack of snack-sized candy bars cost $1 at a Brooklyn dollar store. As inflation heated up, that rose to $1.25. That price is still in place—but the Heath bars come in a four-pack now. Hershey's (HSY), maker of Heath, York peppermint patties, Reese's, Kit Kat and other candies, is hardly the only company curbing how many goodies you get for your dollar. 'Shrinkflation'—in short, when companies shrink the volume in a package, but charge the same amount for it—continues to spread through stores, experts say. Inflation has moderated, according to recent data, rising less dramatically than seen during the highs of the pandemic, though some experts think tariffs could inflame it again. Meanwhile, according to Finn Hansen, CEO of London-based price consultancy PriceBeam, companies are having a harder time justifying price increases by saying they're paying more for supplies and merchandise—and so they're tweaking proportion instead of price, which can be less obvious to shoppers. 'If your favorite brand is going up in price, you notice,' Hansen said. But if a package that once held 5.5 ounces now holds 5, he added, 'you may or may not notice.' Shrinkflation hit a recent peak in June 2024, according to a log of how often consumer-price index researchers noticed "downsized" packages. Although they've found fewer examples in recent months, the CPI team's observations also show that the number of "upsized" products has fallen off since 2019. Shrinkflation became a hot topic during the pandemic, when inflation soared and rising prices were top of mind. Articles published in 2022 documented tissue boxes with fewer tissues, shampoo bottles with less shampoo, and bags of chips that held fewer chips. Merriam-Webster added 'shrinkflation' to its dictionary that year; lawmakers drafted legislation targeting the practice, while late-night comedy hosts weighed in on it. The phenomena continues to irk consumers, including the thousands documenting suspected downsizing on Reddit's Shrinkflation forum, which is filled with side-by-side comparisons of old and new packages, photos of products on kitchen scales and debates about the impetus for recipe changes. 'Me hate shrinkflation! Me cookies are getting smaller,' the puppet known as Cookie Monster wrote on X in 2024. 'Guess me going to have to eat double da cookies!' Companies know downsizing has its downsides, publicity-wise. It's not a word executives use much, according to a review of earnings conference calls. They have, however, been talking frequently about changing products' "price pack architecture." That term can cover downsizing, but also other changes, such as reshaped bags, boxes, cans and bottles and completely new product sizes. 'One of the benefits of price pack architecture… is it's not a direct price point increase, but rather it's kind of a combination of sizing and price, which can tend to offer perhaps a better value perception for consumers,' Hershey CEO Michele Buck said during a May conference call, according to a transcript made available by AlphaSense. Hershey didn't respond to Investopedia's requests for comment. Sara Lee launched a 12-slice 'half loaf' of bread this spring. 'We understand that many customers in smaller households want to enjoy fresh, delicious bread without worrying about the waste,' the brand said in a press release. "With our new Half Loaves, we're delivering just that.' Companies have several reasons to introduce smaller pack sizes that are unrelated to driving up the price per unit, retail experts said. Some shoppers prefer compact cases of cookies, chips and other 'guilty pleasures' to help with portion control, said Ellen Kan, partner at consulting firm Simon-Kucher; this may appeal in particular to those on GLP-1 appetite suppressants, she said. To-go sizes and individually wrapped portions are popular in busy households and with younger consumers trying to avoid waste, said Lauren Beitelspacher, professor of marketing at Babson College. Companies also believe that selling smaller packages at lower overall prices—even if they cost more per unit—can help keep products feeling affordable to those on a budget, experts said. And they can offer a less-expensive entry point for people curious about new flavors. Executives are thinking 'how can I preserve affordability in the portfolio even as inflation has continued to accelerate?' Kan said, calling this 'a driving factor' in the surge in smaller pack sizes. Still, some of the larger consumer-packaged goods companies may have exhausted their ability to simply raise prices, whether through traditional price hikes or by shrinking packages, Hansen said. Companies are reluctant to tell investors ''Well, we didn't meet our volume expectation; we didn't meet our general sales expectation, but we managed to push price, so therefore, we are still saving the bottom line,'' Hansen said. 'They're a bit worried.' Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

NATO's big $1.4 trillion bet is seeing long-ignored air defenses coming back in a big way
NATO's big $1.4 trillion bet is seeing long-ignored air defenses coming back in a big way

Business Insider

time16 minutes ago

  • Business Insider

NATO's big $1.4 trillion bet is seeing long-ignored air defenses coming back in a big way

NATO pledged to massively increase its air defenses as part of soaring defense spending. The aim is to rebuild a capability that the war in Ukraine has shown to be crucial but has been allowed to wither in the West since the end of the Cold War. The heads of government for the 32 members of the decades-old security alliance committed last week to investing 5% of their GDP on defense and security by 2035. The increase, based on current GDP size, could be worth more than $1.4 trillion. NATO's secretary general, Mark Rutte, said that one use for the money will be a "five-fold increase in air defence capabilities." He said the way Russia is fighting proved the need. "We see Russia's deadly terror from the skies over Ukraine every day, and we must be able to defend ourselves from such attacks," he said. Western countries reduced their ground-based air defense arsenals after the end of the Cold War as they found themselves involved in conflicts with much smaller, less powerful adversaries. This war has shown that Western stocks are insufficient. Lacking since the Cold War Western countries have been fighting foes very much unlike Russia. Air superiority has been achieved with ease, enabling ground maneuvers. There hasn't been a pressing need for weapons to shoot down enemy aircraft and ballistic missiles, except in one-off instances. The US and the rest of NATO scaled back their ground-based defenses "very substantially," Mark Cancian, a retired Marine Corps colonel who is now a senior advisor at the Center for Strategic and International Studies, said. During the Cold War, as tensions skyrocketed between NATO and the Soviet Union, Western countries maintained substantial defenses. But in the aftermath, he said, "it appeared that fighter aircraft could handle any air threat, and the need for ground-based air defenses was much reduced." During Operation Desert Storm in the early 1990s, the US took control of the skies, and aircraft largely had free rein in the later wars in Iraq and Afghanistan, the main threat being to low-flying aircraft, helicopters in particular. Ed Arnold, a European security expert with the Royal United Services Institute, said that Europe depioritized air defense at the end of the Cold War "because the types of missions that the Europeans were doing were, for example, overseas where you only needed a small sort of section of it to be able to protect your forces in the field." Retired Air Commodore Andrew Curtis, an air warfare expert with a 35-year career in the Royal Air Force, said that there had been "an element of complacency" in recent decades, but also an element of trying to prioritize what was needed when defense budgets shrank as countries felt safer in the post-Cold War era. Russia's war against Ukraine, which followed earlier acts of aggression, suggests the world has changed. But, Curtis said, the West has to some extent been "asleep at the wheel." The problem now, Justin Bronk, an air power expert at RUSI, explained, is "that NATO faces a significant shortfall in ground-based air defense systems, both in terms of number of systems, but also particularly ammunition stocks for those systems." Russia shows they're needed Rutte warned earlier this month that NATO needs "five times as many systems to defend ourselves," and described the speed Russia was reconsituting its military as "threatening." Many European countries have warned Russia could attack elsewhere on the continent and are watching closely to see what weaponry and tactics it needs to be ready. The volume and variety of air attacks against Ukraine have thus made air defenses a top takeaway. Russia can launch hundreds of drones and missiles in a single day, and NATO's air defense networks are not well designed to deal with these kinds of strike threats, like exploding Shahed-136 drones backed by ballistic and cruise missiles. Western countries need more defenses, as there are just so many air attacks. "Even if only 10% get through, that still does a lot of damage," Cancian said. Cancian said innovations in this war, like drones being used more than in any other conflict in history, point to evolutions in warfare that make having strong air defenses more necessary than ever before. Nations aren't just facing planes. It's aircraft, missiles, and drones, all able to bring destruction. And the solutions need to be layered to address threats within their cost range. For instance, high-end Patriot interceptors worth millions of dollars aren't meant for cheap drones worth thousands. Former Australian Army Maj. Gen. Mick Ryan, a warfare strategist, said that countries have to find "a balance" between the expensive systems like the Patriot or the THAAD system, both made by Lockheed Martin, and lower-end systems. Ukraine, for example, uses AI-controlled systems equipped with machine guns to stop some smaller drones, and the US military has been experimenting with air-launched rockets as drone killers. "It's not just all about the exquisite, expensive, and highly capable systems. You also need some of those lower-end systems," the former general said, adding that the last three years have not only shown how important air defenses are, but also "that the array of threats that air defenses have to deal with has broadened." Smaller weapons used in missile attacks, weapons like drones, can "saturate and overwhelm an air defense system" — a tactic Russia has employed. For the West, Europe in particular, the new emphasis on bolstering critical air defenses and the push to spend more aren't optional. "It's not a choice. You absolutely have to do this," Ryan said. It'd be impossibly expensive to protect everywhere, but the West will need to sort its priorities, balancing front-line demands with the protection of civilians in cities, something Ukraine has grappled with throughout the war. Arnold said that "the biggest change, now as Ukraine is seeing, is you also need air defense to protect your civilians, all of your critical national infrastructure, and your forces in the field. So it's absolutely critical." NATO's new defense spending will be huge: No member currently spends that new 5% target, and many spent just over or below 2% in 2024, according to NATO's own estimated figures. But spending doesn't automatically solve the problem. There is a big production backlog with many systems, and increasing production capacity takes years, industrial revitalization, and workforce expertise, much of which has been diminished with time, leading to a hollowing out of the defense industrial sector. Bronk said fixing this "is much more a question of building production capacity at every stage in the supply chain as rapidly as possible as part of a crisis response rather than just spending more money." More production capacity is needed for interceptors. More money and big orders help, though, by giving industry confidence to invest more in facilities and processes, but there has to be sustained investment. Rutte pledged that NATO's increased spending would also be used on "thousands more tanks and armoured vehicles" and "millions of rounds of artillery ammunition," but that many plans are classified.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store