Energy Service Companies (ESCOs)AMERESCO, INC.
General Information:Ameresco is a single-source provider of a wide range of energy-related services, from energy auditing to project financing to measurement and verification. With experience in demand-side management, performance contracts, and project financing, Ameresco works to develop and implement the best package of energy efficiency improvements to meet their customers?objectives. Ameresco is a National Association of Energy Service Companies (NAESCO)-accredited Energy Services Provider, and has been operating in Utah since 2000.
Awards:Ameresco has been honored for its work in energy efficiency and design from such organizations as the Association of Energy Engineers, ASHRAE, the U.S. Department of Energy, and the United Illuminating Society. Awards have been received for a range of projects, from multi-family housing developments, to industrial facilities, to office buildings and government facilities. Recent projects:Hill Air Force Base in Ogden was the first Federal agency to award a project delivery order under the BAMF Super ESPC contract. In September 2003, the base awarded Ameresco the delivery order to install and maintain a landfill gas to energy (LFGTE) system, along with several other traditional energy conservation measures (ECMs). The LFGTE project will produce 1.1 MW of electricity that will be purchased by Utah Power or in emergency situations will be utilized to operate Hill’s Command Center. Use of savings guarantees:Savings guarantees are a key component of Ameresco’s performance contracting philosophy. The goal is to deliver a project that is entirely self-funded: Ameresco provides the capital to upgrade the facility and for annual repair and maintenance needs, and the cost of the project is paid from the energy savings delivered by the improvements. As an integral part of its energy savings contracts, Ameresco guarantees a specific level of energy cost savings over the full term of the contract. This guarantee insures that the total costs of the project will be recovered within a specified timeframe, protecting the customer from financial exposure. During any given year during the contract term, should there be a cumulative shortfall in energy cost savings, Ameresco makes up this difference to the customer. Payments can be in the form of a check or a credit against future billings, at the customer’s option. Financing options:Ameresco offers its customers a variety of financing options related to energy savings projects. The first step in determining the appropriate financing structure is identifying and evaluating the customer’s financing objectives. If the objective is to obtain funds at the lowest cost, a tax-exempt lease may be the most appropriate choice; for example, for most public entities. If a customer is looking to shift risk of operation and maintenance, a Utility Services Agreement may be the best option. Ameresco has utilized the following financing avenues in funding energy transactions for its customers: tax-exempt leases; operating leases; capital leases; value leases; shared savings; utility services; and certificates of participation. For more information, visit www.ameresco.com. |
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