Ameresco, Inc., (NYSE: AMRC) began the day and week sharply higher. The company, a leading energy infrastructure solutions provider, today announced it has completed a comprehensive Energy Performance Contract for Charlo School District in Charlo, Montana. Designed to create a more optimized learning environment, the project targeted modernizing aging infrastructure, improving indoor comfort, and reducing long-term energy and maintenance costs.
Conducted in two phases, the project delivered district-wide upgrades to mechanical systems, lighting, and building envelopes to enhance weatherization. The first phase replaced outdated equipment at the elementary and high schools with high-efficiency heat pumps, modernized HVAC in classrooms and offices, upgraded LED lighting, improved gymnasium air circulation, and added air sealing and insulation to reduce energy use and optimize indoor conditions.
Phase 2 focused on the junior high and additional learning spaces, replacing aging fuel-oil and propane systems with efficient heat pumps and upgraded temperature controls.
Programmable thermostats, demand-controlled ventilation, and economizer functions were also implemented to improve energy efficiency and indoor air quality, as well as supplemental electric heating to ensure consistent conditions throughout the buildings.
The comprehensive improvements are projected to generate over $93,000 in annual contracted energy savings, strengthening operational performance and long-term reliability.
AMRC shares grabbed 80 cents, or 3.2%, to $25.55.
