Efficiency measures and infrastructure upgrades to twelve schools
within the largest school district in North Carolina

FRAMINGHAM, Mass. & RALEIGH, N.C.–(BUSINESS WIRE)–Ameresco, Inc. (NYSE:AMRC), a leading energy
efficiency
and renewable
energy
company, today announced the partnership with the largest
school district in North Carolina, Wake County Public School System
(WCPSS) for a Guaranteed Energy Savings Performance Contract. The $6.7M
project will include ten individual energy conservation measures (ECMs)
in twelve different school facilities.

“Our partnership with Ameresco will result in updated facilities while
providing improved learning environments for our students and teachers,”
said WCPSS Superintendent Cathy Moore. “We are pleased to have this
opportunity.”

Funded through energy and operational cost savings, the project is
expected to save WCPSS more than $690,000 annually over the 15-year
contract term. Project ECMs include LED lighting system improvements,
domestic water conversion, Building Automation System (BAS) upgrades,
Variable Air Volume (VAV) air handling unit upgrades, boiler system
replacement, pumping system upgrades, cooling tower Variable Frequency
Drives (VFDs), demand control ventilation upgrades and air handling unit
replacements. At completion the project is expected to reduce WCPSS
energy usage by 7,209,000 kWh annually.

“We are delighted to partner with the Wake County Public School System
in support of their commitment to energy conservation while redirecting
funds for much needed upgrades and the modernization of facilities,”
said David J. Anderson, Executive Vice President and Director of
Ameresco. “In addition to a more energy- and cost-efficient operation,
the district will benefit from improved classroom and teaching
environments.”

Ameresco’s services for the contract include project development
engineering, ESPC project modeling, ECM detailed design and engineering,
project construction management, equipment and systems start-up and
commissioning, post-construction monitoring, energy rebate application
management, energy savings measurement and verification, and training of
School staff on all installed equipment and systems.

About Wake County Public School System

The Wake County Public School System (WCPSS) is a public-school district
located in Wake County, North Carolina. With more than 160,000 students
enrolled in 187 schools as of the 2018-2019 school year, it is the
largest public-school district in North Carolina and the 15th
largest district in the United States. For more information visit https://www.wcpss.net/.

About Ameresco, Inc.

Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading independent
provider of comprehensive services, energy efficiency, infrastructure
upgrades, asset sustainability and renewable energy solutions for
businesses and organizations throughout North America and Europe.
Ameresco’s sustainability services include upgrades to a facility’s
energy infrastructure and the development, construction and operation of
renewable energy plants. Ameresco has successfully completed energy
saving, environmentally responsible projects with Federal, state and
local governments, healthcare and educational institutions, housing
authorities, and commercial and industrial customers. With its corporate
headquarters in Framingham, MA, Ameresco has more than 1,000 employees
providing local expertise in the United States, Canada, and the United
Kingdom. For more information, visit www.ameresco.com.

The announcement of a customer’s entry into a project contract is not
necessarily indicative of the timing or amount of revenue from such
contract, of the company’s overall revenue for any particular period or
of trends in the company’s overall project backlog. This project was
included in our previously reported contracted backlog as of March 31,
2019.

Contacts

Ameresco: Leila Dillon, 508.661.2264, [email protected]
Customer:
Tim Simmons, 919.431.7802, [email protected]