Large-scale microgrid project to provide Army
and California National Guard with 100% backup power
Over 54MW to be added to Energy Asset
Portfolio
Continues Ameresco’s track record of operating
solar and BESS microgrid projects and assets
Ameresco, Inc. (NYSE:AMRC), a leading clean technology
integrator specializing in energy efficiency and renewable energy,
today announced its acquisition of an energy resilience project
that combines a microgrid, solar panels and a battery energy
storage system at Joint Forces Training Base (JFTB) in Los
Alamitos, California. Ameresco acquired the clean energy asset from
Bright Canyon Energy, who was the developer of the microgrid.
The work deployed at JFTB included the development and
construction of a microgrid designed to provide the military base
with 100% backup power in emergencies to support the Army and
California National Guard, and generate clean, renewable solar
energy for the surrounding community during normal operations.
The project will increase energy resilience for JFTB and
Southern California by adding locally generated carbon-free
renewable electricity to the grid. The microgrid is designed to
provide 31.5 megawatts (MW) of solar-generated electricity capacity
and includes a 20 MW/40 megawatt-hour battery energy storage
system, microgrid controls and 3MW of backup generators, which is
equivalent to powering a residential area of more than 5,000
homes.
The asset comes with a lease of 100 acres of land from the U.S.
Army, and the facility will be interconnected with Southern
California Edison’s power distribution system. PowerSecure (a
Southern Company subsidiary) and Total Energies are the
engineering, procurement, and construction partners for this work,
with solar panels supplied by First Solar and battery energy
storage supplied by Tesla. The acquisition of the project was the
first stage of a two-phase transaction between Ameresco and
Pinnacle West Capital Corp. In the second phase, Ameresco will
acquire Bright Canyon Energy Corporation, including its interest in
Kupono Solar Development Company LLC and its interests in project
subsidiaries developing or with rights to develop solar, battery
and microgrid assets. The completion of the second phase is subject
to a number of conditions and third-party consents and is targeted
to close later in 2023.
“The Bright Canyon Energy team is excited to work with Ameresco
on such a critical energy resilience project that provides JFTB Los
Alamitos with the infrastructure to support continued large-scale
emergency response operations,” said Jason Smith, Vice President at
Bright Canyon. “Ameresco’s values and track record of providing its
customers with customized energy efficient and renewable solutions
aligns with Bright Canyon Energy’s standing commitment to bring
innovative energy solutions to our customers.”
Ameresco’s ownership will allow JFTB to continue operating as
Southern California’s emergency response hub during a natural or
man-made disaster.
“We are grateful to our partners at JFTB Los Alamitos, the
California National Guard, and Bright Canyon Energy and are honored
to have this exciting work join our portfolio of comprehensive
clean energy projects,” said Nicole Bulgarino, Ameresco’s Executive
Vice President and General Manager, Federal Solutions. “Now more
than ever, the combination of distributed generation and energy
storage systems are playing a more critical role in enhancing clean
backup power while bolstering security for our military partners.
We appreciate the opportunity to work side by side with the
California Military Department to help reach their mission.”
Construction began in May 2022 and is expected to reach
completion in the third quarter of 2023. A ribbon cutting ceremony
celebrating the project is being held on August 11, 2023.
To learn more about Ameresco’s clean energy solutions, please
visit https://www.ameresco.com/solutions/.
About Ameresco, Inc. Founded in 2000, Ameresco, Inc.
(NYSE:AMRC) is a leading cleantech integrator and renewable energy
asset developer, owner and operator. Our comprehensive portfolio
includes energy efficiency, infrastructure upgrades, asset
sustainability and renewable energy solutions delivered to clients
throughout North America and Europe. Ameresco’s sustainability
services in support of clients’ pursuit of Net-Zero include
upgrades to a facility’s energy infrastructure and the development,
construction, and operation of distributed energy resources.
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 has more than 1,200
employees providing local expertise in the United States, Canada,
and Europe. For more information, visit www.ameresco.com.
About Bright Canyon Energy Bright Canyon Energy is a
developer, owner, and operator of electric infrastructure in the
United States. The company creates sustainable energy solutions for
customers, focusing on clean energy, microgrids, energy storage and
transmission. With headquarters in Phoenix, Bright Canyon Energy is
a wholly owned subsidiary of Pinnacle West Capital Corp. (NYSE:
PNW).
Safe Harbor Statement Any statements in this press
release about future expectations, plans and prospects for
Ameresco, Inc., including statements about the expected completion
of the second stage of the acquisition 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 our ability to
obtain the required consents and complete the other conditions to
complete the acquisition and other factors discussed in our most
recent Annual Report on Form 10-K and Quarterly Report on Form
10-Q. The forward-looking statements included in this press release
represent our views as of the date of this press 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 press release.
The announcement of the acquisition of an asset by Ameresco is
not necessarily indicative of the timing or amount of revenue from
such asset, of the company’s overall revenue for any particular
period or of trends in the company’s overall total assets in
development or operation. This asset was not included in our
previously reported operating assets or assets in development as of
June 30, 2023. The second phase of the transaction has not closed
and none of the projects that are part of the second phase of the
acquisition have been included in our previously reported assets in
development as of June 30, 2023.
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version on businesswire.com: https://www.businesswire.com/news/home/20230810231526/en/
Media Contact: Ameresco: Leila Dillon, 508-661-2264,
news@ameresco.com
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