Ameresco, Inc., (NYSE: AMRC) reported its stock declining Wednesday. The company, a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that it is nearing completion of a sustainable deconstruction project with the City of Boulder at the municipality's former Boulder Community Health Hospital. The deconstructed building materials will be used for a new fire station and other city projects. These efforts are part of the City of Boulder’s overall goal to divert 85% of its waste from landfills by 2025.
Completion of this project is expected to exceed the city’s target of repurposing, reusing, and recycling more than 75% of the building’s materials. To date, demolition of the hospital's interior has reached completion, and Ameresco is working to remove the remaining concrete floors, steel, and exterior materials. In the preliminary deconstruction phase, direct pumps, motors, doors, fixtures, and other materials were auctioned off rather than dumped at a landfill. During the current and final deconstruction phase, the focus has turned to reusing the former hospital's structural steel for a new fire station, which is slated to open in mid-2024, and other new building projects throughout Boulder.
"We are thankful to Ameresco with whom we forged a good partnership to achieve maximum reuse of materials from the former hospital and demonstrate that sustainable deconstruction can be successfully implemented to help advance circular economy goals and environmental development," said Michele Crane, Chief Architect and Facilities Capital Projects Manager, City of Boulder.
AMRC shares lost $1.70, or 3.7%, to $44.02.
