Latest news with #GeorgeSakellaris
Cision Canada
01-07-2025
- Business
- Cision Canada
Ameresco Receives Frost & Sullivan's 2025 Global Company of the Year Award for Excellence in Energy Services
Recognized for customer-centric innovation, strategic execution, and leadership in flexible, turnkey energy solutions worldwide SAN ANTONIO, July 1, 2025 /CNW/ -- Frost & Sullivan is pleased to announce that Ameresco has been awarded the 2025 Global Company of the Year Award in the energy services industry for its outstanding achievements in customer-driven innovation, strategic execution, and sustainable energy impact. This recognition highlights Ameresco's consistent leadership in delivering measurable energy performance outcomes, strengthening its position as a trusted partner in a complex and evolving global energy landscape. Frost & Sullivan evaluates companies through a rigorous benchmarking process across two core dimensions: visionary innovation and customer impact. Ameresco excelled in both, demonstrating a strong ability to align its growth strategy with dynamic customer needs while delivering consistent, scalable energy solutions across a diverse range of sectors. "Ameresco's steady focus on energy solutions integration, including solar, battery, biogas, and microgrids, gives it a clear competitive advantage in markets and regions focused on transitioning to resilient, reliable energy. Ameresco's complete solution suite spans from energy efficiency solutions to renewable energy products to generative technologies. The company is an expert in bringing products together across various industry segments, empowering value regardless of a client's specific industry, project requirements, or goals," said Lucrecia Gomez, E&E research director for Frost & Sullivan. Guided by a long-term vision focused on energy innovation, customer partnerships, and financial accessibility, Ameresco has shown exceptional agility in responding to the complex demands of today's energy landscape. The company's sustained investment in flexible financing models, project-specific engineering, and lifecycle service delivery has allowed it to effectively scale energy efficiency and energy generation solutions across North America, Europe, and emerging global markets. Innovation is central to Ameresco's differentiated approach. Its end-to-end suite of services—including energy audits, technical design, project financing, implementation, and long-term maintenance—empowers clients to optimize energy consumption without incurring significant capital expenditures. A standout element of its offering is the use of Energy Savings Performance Contracts (ESPCs), which enable clients to implement large-scale energy upgrades with guaranteed performance outcomes—often structured to be budget-neutral or even cost-saving overtime. "This recognition from Frost & Sullivan is a testament to the dedication and ingenuity of our entire Ameresco team," said George Sakellaris, President and Chief Executive Officer at Ameresco. "We remain committed to delivering transformative energy solutions that empower our customers to meet their resiliency and sustainability goals while driving long-term value." Ameresco's vendor-agnostic model enhances its ability to tailor solutions to specific project goals, energy sources, and technical environments. This independence ensures that customers receive bespoke systems engineered around their operational objectives, rather than being constrained by pre-defined products or technologies. With deep expertise across traditional and emerging energy platforms, the company helps customers—from municipalities and federal agencies to commercial and industrial clients—achieve energy savings, grid resilience, and carbon reduction targets. Frost & Sullivan commends Ameresco for setting a new standard in the energy services industry. Its ability to blend technical depth, financial innovation, and customer-centric service delivery is reshaping how energy solutions are procured, deployed, and managed on a global scale. The company's continued growth trajectory and expanding customer base reflect both the market's confidence and the proven value Ameresco delivers to its clients. Each year, Frost & Sullivan presents the Company of the Year Award to a company that demonstrates outstanding strategy development and implementation, resulting in measurable improvements in market share, customer satisfaction, and competitive positioning. The award recognizes forward-thinking organizations that are reshaping their industries through innovation and growth excellence. Frost & Sullivan Best Practices Awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry. About Frost & Sullivan For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact: E: [email protected] 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
Business Wire
25-06-2025
- Business
- Business Wire
Ameresco Honored with Reuters Global Energy Transition Award for Social Impact
FRAMINGHAM, Mass.--(BUSINESS WIRE)-- Ameresco, Inc., (NYSE: AMRC), a leading energy solutions provider dedicated to helping customers navigate the energy transition, has been named a winner in the Socially Responsible Project category at the Reuters Global Energy Transition Awards 2025, held June 24 in New York City. Selected from more than 600 global entries, Ameresco received the award for its Kūpono Solar Project, a landmark initiative advancing energy equity, climate resilience, and local economic development across the island of O'ahu, Hawaii. The Kūpono Solar Project is the largest solar and battery energy storage system on O'ahu. Located on U.S. Navy land at Joint Base Pearl Harbor-Hickam, the 42 MW solar array and 168 MWh battery system provides clean, reliable power to approximately 10,000 homes, 44% of which are under-resourced, while reducing more than 50,000 tons of CO₂ emissions annually. 'We are pleased to be the recipient of this important award,' said George Sakellaris, President and CEO of Ameresco. 'The Kūpono Solar Project demonstrates what is possible when innovation meets purpose. This award reflects the power of long-term partnerships, local investment, and our collective vision for a more resilient energy future.' Designed with long-term community impact in mind, the project not only enhances grid stability but also supports local biodiversity, energy affordability, and economic opportunity through workforce development and sustainability education. 'We are honored to receive this recognition from Reuters,' said Nicole Bulgarino, President of Federal Solutions and Utility Infrastructure at Ameresco. 'The Kūpono Solar Project reflects our commitment to delivering energy solutions that benefit communities and build resilience—through job creation, energy reliability, and education. We're proud to lead with purpose and grateful to see that impact recognized on a global stage.' To learn more about Ameresco's award-winning energy projects, visit: 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
Yahoo
20-05-2025
- Business
- Yahoo
Ameresco enters $78m facility to fund battery storage energy asset
Ameresco, a provider of comprehensive energy solutions, has finalised a financial package to support its battery storage asset and future energy infrastructure projects. The company's subsidiary executed a note purchase agreement and private shelf agreement, highlighting Ameresco's commitment to enhancing energy resilience and advancing sustainable energy solutions. The initial note purchase agreement allows for the issuance of Series A notes of $78m, earmarked for financing a battery energy storage asset currently under construction. The financial arrangement with CounterpointeSRE and Barings also includes an expected issuance of a second series of notes The Series A notes, maturing in 2045, feature a fixed interest rate. The financial structure then anticipates the potential issuance of Series B notes, subject to lender approval, to fund an additional solar plus battery energy storage project, extending over an additional 20-year term. Ameresco president and CEO George Sakellaris stated: 'This financial arrangement marks a significant milestone for Ameresco as we continue to lead the way in providing innovative energy solutions. 'We expect that the $300m private shelf facility will allow us to execute multiple transactions, enhancing our ability to deliver energy projects that drive cost savings, resilience and decarbonisation. We are excited about the flexibility this agreement provides, as we expect that it will enable us to accelerate the deployment of resilient energy infrastructure.' In a move to bolster its project financing capabilities, the Ameresco subsidiary has entered a $300m uncommitted private shelf facility intended for the financing of forthcoming solar and battery energy assets. Ameresco has also arranged for the transfer of investment tax credits linked to the battery asset, which will be realised once the asset commences commercial operations. The company anticipates similar agreements for tax credit transfers related to the Series B notes and other future transactions under the private shelf facility. CounterpointeSRE CEO Eric Alini stated: 'This shelf agreement aligns perfectly with CounterpointeSRE's commitment to support resilient, sustainable infrastructure in a variety of asset classes that drive both environmental and economic benefits.' Ameresco's Irish subsidiary, Cork Sustainable Energy, recently secured approval from An Bord Pleanála for a significant upgrade to the Kilvinane Wind Farm in Ireland. "Ameresco enters $78m facility to fund battery storage energy asset" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
19-05-2025
- Business
- Yahoo
Ameresco Announces a $78 Million Facility to Finance Battery Storage Energy Asset
The Financial Arrangement with CounterpointeSRE and Barings also Includes an Expected Issuance of a Second Series of Notes, an Additional Uncommitted $300 Million Shelf Facility and a Tax Credit Purchase Agreement for Future Ameresco Energy Assets FRAMINGHAM, Mass. & STAMFORD, Conn., May 19, 2025--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading energy solutions provider dedicated to helping customers navigate the energy transition, today announced that one of its subsidiaries executed a note purchase agreement and private shelf agreement to finance its ongoing and future energy infrastructure projects. This strategic financial arrangement underscores Ameresco's commitment to advancing energy solutions and enhancing energy resilience. The first note purchase provides for the issuance of Series A notes of $78 million to finance a battery energy storage asset currently under construction. The Series A notes have a maturity date of 2045 and carry a fixed interest rate. The arrangement also contemplates the issuance (upon lender approval) of Series B notes for a separate solar plus battery energy storage asset and includes an additional 20-year term. The Ameresco subsidiary entered a $300 million uncommitted private Shelf Facility for future solar and battery energy assets. As part of this transaction, Ameresco signed an agreement for the transfer of investment tax credits associated with the battery asset upon the asset achieving commercial operation. Ameresco expects to sign agreements for the transfer of tax credits for the solar plus storage asset associated with the Series B notes, as well as for future deals under the private shelf facility. "This financial arrangement marks a significant milestone for Ameresco as we continue to lead the way in providing innovative energy solutions," said George Sakellaris, President & CEO of Ameresco. "We expect that the $300 million private shelf facility will allow us to execute multiple transactions, enhancing our ability to deliver energy projects that drive cost savings, resilience, and decarbonization. We are excited about the flexibility this agreement provides, as we expect that it will enable us to accelerate the deployment of resilient energy infrastructure." "We are thrilled to partner with Ameresco, a leading energy solutions and infrastructure provider, to finance impactful renewable energy and storage initiatives," said Eric Alini, CEO of CounterpointeSRE. "This shelf agreement aligns perfectly with CounterpointeSRE's commitment to support resilient, sustainable infrastructure in a variety of asset classes that drive both environmental and economic benefits." "Barings is delighted to work alongside Ameresco and our affiliate, CounterpointeSRE, on this innovative financing," said Stephen Coscia, Managing Director, Global Infrastructure Debt at Barings. "By combining Barings' debt expertise with CounterpointeSRE's origination and tax equity capabilities, we're able to provide Ameresco with a flexible, comprehensive capital solution. This collaboration underscores the unique advantages of our broad platform and our joint commitment to advancing the clean energy transition." For more information about Ameresco, visit About Ameresco, 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 About CounterpointeSRECounterpointeSRE focuses on direct debt investments in energy transition. We finance high-quality sustainable energy and climate-related infrastructure assets including grid-connected and behind-the-meter solar, battery energy storage systems ("BESS") and other energy efficiency asset classes throughout the United States. In addition, we arrange tax credit purchases and tax equity partnerships alongside our debt to solve clients' project requirements. CounterpointeSRE, a portfolio company of MassMutual, provides C-PACE and sustainable mortgage financing to accelerate the transition to low-carbon infrastructure assets in addition to energy transition investments. About Barings LLCBarings is a $442+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions.*As of March 31, 2025 Forward looking statementsAny statements in this release about future expectations, plans and prospects for Ameresco, Inc., including statements about expected future borrowings under the financing arrangement, the completion of assets in development and future growth of our energy assets and other statements containing the words "projects," "believes," "anticipates," "plans," "expects," "will" and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward looking statements as a result of various important factors, including: demand for our energy efficiency and renewable energy solutions; the timing of, and ability to, enter into contracts for awarded projects on the terms proposed or at all; the timing of work we do on projects where we recognize revenue on a percentage of completion basis; the ability to perform under signed contracts without delay and in accordance with their terms and the potential for liquidated and other damages we may be subject to; the fiscal health of the government and the risk of government shutdowns and reductions in the federal workforce; our ability to complete and operate our projects on a profitable basis and as committed to our customers; our cash flows from operations and our ability to arrange financing to fund our operations and projects; our customers' ability to finance their projects and credit risk from our customers; our ability to comply with covenants in our existing debt agreements; the impact of macroeconomic challenges, weather related events and climate change; our reliance on third parties for our construction and installation work; availability and cost of labor and equipment particularly given global supply chain challenges, tariffs and global trade conflicts; global supply chain challenges, component shortages and inflationary pressures; changes in federal, state and local government policies and programs related to energy efficiency and renewable energy; the ability of customers to cancel or defer contracts included in our backlog; the output and performance of our energy plants and energy projects; cybersecurity incidents and breaches; regulatory and other risks inherent to constructing and operating energy assets; the effects of our acquisitions and joint ventures; seasonality in construction and in demand for our products and services; a customer's decision to delay our work on, or other risks involved with, a particular project; the addition of new customers or the loss of existing customers; market price of our Class A Common stock prevailing from time to time; the nature of other investment opportunities presented to our Company from time to time; risks related to our international operation and international growth strategy; and other factors discussed in our most recent Annual Report on Form 10-K and our quarterly reports on Form 10-Q. The forward-looking statements included in this release represent our views as of the date of this release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this release. View source version on Contacts Media Contact: Ameresco: Leila Dillon, 508-661-2264, news@
Business Wire
19-05-2025
- Business
- Business Wire
Ameresco Announces a $78 Million Facility to Finance Battery Storage Energy Asset
FRAMINGHAM, Mass. & STAMFORD, Conn.--(BUSINESS WIRE)-- Ameresco, Inc., (NYSE: AMRC), a leading energy solutions provider dedicated to helping customers navigate the energy transition, today announced that one of its subsidiaries executed a note purchase agreement and private shelf agreement to finance its ongoing and future energy infrastructure projects. This strategic financial arrangement underscores Ameresco's commitment to advancing energy solutions and enhancing energy resilience. The first note purchase provides for the issuance of Series A notes of $78 million to finance a battery energy storage asset currently under construction. The Series A notes have a maturity date of 2045 and carry a fixed interest rate. The arrangement also contemplates the issuance (upon lender approval) of Series B notes for a separate solar plus battery energy storage asset and includes an additional 20-year term. The Ameresco subsidiary entered a $300 million uncommitted private Shelf Facility for future solar and battery energy assets. As part of this transaction, Ameresco signed an agreement for the transfer of investment tax credits associated with the battery asset upon the asset achieving commercial operation. Ameresco expects to sign agreements for the transfer of tax credits for the solar plus storage asset associated with the Series B notes, as well as for future deals under the private shelf facility. 'This financial arrangement marks a significant milestone for Ameresco as we continue to lead the way in providing innovative energy solutions,' said George Sakellaris, President & CEO of Ameresco. 'We expect that the $300 million private shelf facility will allow us to execute multiple transactions, enhancing our ability to deliver energy projects that drive cost savings, resilience, and decarbonization. We are excited about the flexibility this agreement provides, as we expect that it will enable us to accelerate the deployment of resilient energy infrastructure.' 'We are thrilled to partner with Ameresco, a leading energy solutions and infrastructure provider, to finance impactful renewable energy and storage initiatives,' said Eric Alini, CEO of CounterpointeSRE. 'This shelf agreement aligns perfectly with CounterpointeSRE's commitment to support resilient, sustainable infrastructure in a variety of asset classes that drive both environmental and economic benefits.' 'Barings is delighted to work alongside Ameresco and our affiliate, CounterpointeSRE, on this innovative financing,' said Stephen Coscia, Managing Director, Global Infrastructure Debt at Barings. 'By combining Barings' debt expertise with CounterpointeSRE's origination and tax equity capabilities, we're able to provide Ameresco with a flexible, comprehensive capital solution. This collaboration underscores the unique advantages of our broad platform and our joint commitment to advancing the clean energy transition.' For more information about Ameresco, visit 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 About CounterpointeSRE CounterpointeSRE focuses on direct debt investments in energy transition. We finance high-quality sustainable energy and climate-related infrastructure assets including grid-connected and behind-the-meter solar, battery energy storage systems ('BESS') and other energy efficiency asset classes throughout the United States. In addition, we arrange tax credit purchases and tax equity partnerships alongside our debt to solve clients' project requirements. CounterpointeSRE, a portfolio company of MassMutual, provides C-PACE and sustainable mortgage financing to accelerate the transition to low-carbon infrastructure assets in addition to energy transition investments. About Barings LLC Barings is a $442+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions. *As of March 31, 2025 Forward looking statements Any statements in this release about future expectations, plans and prospects for Ameresco, Inc., including statements about expected future borrowings under the financing arrangement, the completion of assets in development and future growth of our energy assets and other statements containing the words 'projects,' 'believes,' 'anticipates,' 'plans,' 'expects,' 'will' and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward looking statements as a result of various important factors, including: demand for our energy efficiency and renewable energy solutions; the timing of, and ability to, enter into contracts for awarded projects on the terms proposed or at all; the timing of work we do on projects where we recognize revenue on a percentage of completion basis; the ability to perform under signed contracts without delay and in accordance with their terms and the potential for liquidated and other damages we may be subject to; the fiscal health of the government and the risk of government shutdowns and reductions in the federal workforce; our ability to complete and operate our projects on a profitable basis and as committed to our customers; our cash flows from operations and our ability to arrange financing to fund our operations and projects; our customers' ability to finance their projects and credit risk from our customers; our ability to comply with covenants in our existing debt agreements; the impact of macroeconomic challenges, weather related events and climate change; our reliance on third parties for our construction and installation work; availability and cost of labor and equipment particularly given global supply chain challenges, tariffs and global trade conflicts; global supply chain challenges, component shortages and inflationary pressures; changes in federal, state and local government policies and programs related to energy efficiency and renewable energy; the ability of customers to cancel or defer contracts included in our backlog; the output and performance of our energy plants and energy projects; cybersecurity incidents and breaches; regulatory and other risks inherent to constructing and operating energy assets; the effects of our acquisitions and joint ventures; seasonality in construction and in demand for our products and services; a customer's decision to delay our work on, or other risks involved with, a particular project; the addition of new customers or the loss of existing customers; market price of our Class A Common stock prevailing from time to time; the nature of other investment opportunities presented to our Company from time to time; risks related to our international operation and international growth strategy; and other factors discussed in our most recent Annual Report on Form 10-K and our quarterly reports on Form 10-Q. The forward-looking statements included in this release represent our views as of the date of this release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this release.
