Kauai Beach Resort enters Energy as a Service (EaaS) agreement with Ameresco

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Ameresco has entered into a 15-year partnership with Kauai Beach Resort for a $ 15.5 million energy retrofit project

FRAMINGHAM, Mass. & KAUAI, Hawaii, November 18, 2021– (COMMERCIAL THREAD) –Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced it has entered into a 15-year Energy as a Service (EaaS) agreement with Kauai Beach Resort . The partnership allows the 25-acre beachfront resort to update and replace its energy-related equipment without any initial capital.

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Kauai Beach Resort is partnering with a cleantech integrator for a 15-year, $ 15.5 million energy retrofit project. (Photo: Business Wire)

Ameresco will install new lighting and air conditioning equipment in phases over the next two years and maintain the improvements for the next 15 years. Upgrades include replacing 350 fan coils with smart thermostats and humidity controls, a new cooling plant with additional redundancy for air conditioning and hot water, new electrical transformers, a new cooling system. building automation to monitor and control temperatures in bedrooms, kitchens and ballrooms and updated exterior lighting with LEDs throughout the complex.

“For us, it is imperative that we continually seek ways to innovate and provide our guests with an unforgettable experience. To do this, we must always look for ways to improve and update our resort with the latest. energy efficient technology. technology, “said Ben Dookchitra, Chairman of the Board of Kauai Beach Resort.” We are delighted to partner with Ameresco on this project to implement solutions that will reduce our energy demand and make our resort more sustainable. “

Ameresco will begin design and construction this year to coincide with currently planned upgrades to the Kauai Beach Resort building. By coordinating the two projects, Kauai Beach Resort will reduce room downtime. Ameresco plans to complete construction in the summer of 2023.

“Getting on with such a huge project that will bring critical infrastructure upgrades to life is no easy task for a company like the Kauai Beach Resort,” said Britta MacIntosh, senior vice president of Ameresco. . “But by using our Energy as a Service agreement, the complex will be able to simultaneously reduce its energy consumption and overall utility costs, while making no upfront investments and deferring all renovation costs until that the cost savings are realized. “

To learn more about the energy efficiency solutions offered by Ameresco, visit www.ameresco.com/energy-efficiency/.

About Ameresco, Inc.

Founded in 2000, Ameresco, Inc. (NYSE: AMRC) is a leading clean technology integrator and developer, owner and operator of renewable energy assets. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to customers across North America and the UK. Ameresco’s sustainability services in support of customers’ 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 and environmentally friendly projects with federal, state and local governments, health and educational institutions, housing authorities, and commercial and industrial customers. With its head office in Framingham, MA, Ameresco has over 1,000 employees providing local expertise in the United States, Canada and the United Kingdom. For more information visit www.ameresco.com.

About Kauai Beach Resort

Set on 12 acres of lush lush Garden Isle, the resort is located between the north and south shores of Kauai, making it the perfect base for island adventures. Minutes from the airport and hidden away on a tree-lined road that leads directly to the ocean, the private sanctuary is framed by the island’s most sensational scenery – paradise is our backdrop. Experience the perfect blend of traditional Hawaiian hospitality and culture, with all the modern touches that are the way to spend a perfect day.

The announcement of a customer contract is not necessarily indicative of the timing or amount of revenue from that contract, the overall revenue of the company for a particular period, or trends in the total order backlog of the company. This project was included in our previously reported assets under development as of September 30, 2021.

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Contacts

Media contact:
Ameresco: Leila Dillon, 508-661-2264, [email protected]

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