Ameresco Strengthens Long-Term Partnership with Reed College

In a significant development for both Ameresco Inc. and Reed College, the energy solutions provider has announced the securing of an $11 million design-build contract to upgrade the campus's energy infrastructure. This contract aims to modernize the college's boiler plant with comprehensive mechanical, electrical, and seismic enhancements, reinforcing the long-standing relationship between the two entities.

This new contract is part of Reed College’s master plan to fully decarbonize its campus. The project not only seeks to improve energy efficiency and reduce environmental impact but also delivers long-term benefits to the college community. Ameresco's ongoing commitment to sustainability aligns perfectly with Reed College's institutional goals and its dedication to environmental stewardship.

Lou Maltezos, President of Central & Western USA, Canada Regions at Ameresco, expressed enthusiasm over the partnership: "We are thrilled to continue our partnership with Reed College and support their commitment to sustainability and energy efficiency. Our comprehensive energy solutions are designed to meet the unique needs of the college and enhance the learning environments on their campus."

The $11 million contract is a substantial addition to an existing $2.3 million contract for the design and procurement of infrastructure upgrades. Furthermore, Ameresco is currently executing a $1.8 million lighting upgrade project throughout the campus. Collectively, these initiatives bring the total value of ongoing projects with Reed College to over $15 million, underscoring Ameresco's unwavering commitment to enhancing campus infrastructure and promoting sustainability.

The collaboration between Ameresco and Reed College traces back to a $5.4 million campus-wide efficiency project completed a decade ago. This initial project involved various mechanical, controls, lighting, and plumbing system retrofits across the urban campus in Southeast Portland, OR. The upgrades significantly improved comfort and visibility while achieving substantial energy savings and reducing emissions, amounting to over $250,000 in annual energy costs.

Steve Yeadon, Executive Director of Facilities Operations at Reed College, commented on the upcoming central plant upgrade, stating, “The central plant upgrade will not only deliver additional cost savings but also enhance energy efficiency and infrastructure, marking a significant milestone in our commitment to sustainable campus energy management.” He emphasized that these improvements reflect the college's dedication to fostering a more sustainable and efficient campus environment while minimizing greenhouse gas emissions.

As Ameresco and Reed College continue to collaborate, the focus remains on delivering innovative energy solutions that benefit the college and contribute to its broader sustainability goals. This partnership is poised to reduce the college’s energy use and maximize the lifespan of its equipment, exemplifying both organizations’ commitment to a more efficient future.

For more information on Ameresco's energy efficiency solutions, interested parties are encouraged to visit their website.

Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading energy solutions provider dedicated to helping customers reduce costs, enhance resilience, and achieve net-zero goals in the global energy transition. With a comprehensive portfolio that includes smart energy efficiency solutions, infrastructure upgrades, and distributed energy resources, Ameresco serves a diverse clientele across federal, state, and local governments, utilities, educational institutions, and the commercial sector. Headquartered in Framingham, MA, Ameresco employs over 1,500 individuals across North America and Europe.

Founded in 1908 in Southeast Portland, Oregon, Reed College is an independent liberal arts and sciences college known for its high standards of scholarly practice, creativity, and engaged citizenship. The institution is committed to the intrinsic value of intellectual pursuit and governed by rigorous standards of thought, inquiry, and expression, preparing students for a demanding and intense undergraduate program.

In summary, the partnership between Ameresco and Reed College not only marks a significant financial commitment but also reflects a shared vision for sustainability and energy efficiency in higher education.