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Released May 08, 2025 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Ameresco Incorporated (NYSE:AMRC) (Framingham, Massachusetts), which develops and integrates energy-efficiency and renewable-energy projects in the public and private sectors, enjoyed boffo results in the first quarter of 2025 as its total project backlog grew to $4.9 billion, a 22% increase from the same period last year. Industrial Info is tracking nearly $3 billion worth of active and proposed projects across the U.S. and Canada featuring Ameresco, nearly half of which is attributed to projects with Ameresco as the plant owner.
Click on the image at right for a graph detailing active and proposed projects across the U.S. and Canada featuring Ameresco, by parent company.
Among its own projects, Ameresco began construction last year on its $140 million EchoWater Resource Recovery Cogen Plant in Elk Grove, California, which will use biogas to generate 13.4 megawatts (MW) for the Sacramento Area Sewer District's EchoWater Project, a wastewater treatment plant. The company says it will utilize fuel cell and engine technology to reduce pollutant emissions and, later, to produce hydrogen. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project and Plant databases can learn more from a detailed project report and plant profile.
Ameresco also has been making strides in the growing market for renewable natural gas (RNG). The company expects to finish construction this summer on its $20 million Lee County RNG Plant in Dixon, Illinois, next to Republic Services Incorporated's (NYSE:RSG) (Phoenix, Arizona), which is designed to process waste methane emissions from the nearby Lee County Landfill into pipeline-grade RNG. Construction started in early 2024, with Ameresco acting as its own general contractor. Subscribers can learn more from a detailed project report and plant profile.
In a quarterly earnings-related conference call, executives at Ameresco expressed confidence their RNG and other projects would maintain the tax credits received under former President Joe Biden's Inflation Reduction Act, even as President Donald Trump's administration aims to drastically reduce federal support for renewable projects. "Especially on the RNG, we safe-harbored the ITC [investment tax credits] related to those projects," said Mark Chiplock, the chief financial officer of Ameresco. "For about three quarters of the projects in our asset development pipeline, we safe-harbored the ITC on that as well."
George Sakellaris, the chief executive officer of Ameresco, noted in the earnings call that work with the federal government accounted for about 30% of the company's total project backlog, with military-related work accounting for about 20%. The U.S. Department of Defense contracted a joint venture between Ameresco and Hannah Solar Government Services (Summerville, South Carolina) to serve as general contractor on a $25 million addition to the microgrid for the U.S. Army's ocean terminal in Concord, California, which will generate 6.25 MW from diesel generators. Subscribers can learn more from a detailed project report and plant profile.
Other government work includes the District of Columbia's $20 million microgrid addition at the Cedar Hill Regional Medical Center. The project is designed to generate 4.1 MW for new hospital facilities and a new men's shelter, from a solar photovoltaic (PV) array, two diesel generators, a battery energy-storage system (BESS) and a combined heat and power (CHP) system. The project kicked off last May and is expected to wrap up toward the end of this year. Subscribers can learn more from a detailed project report and plant profile.
Ameresco reported a net loss of $5.5 million for the first quarter of 2025, compared with a $2.9 million loss for the first quarter of 2024, which the company attributed to its year-end sale of Applied Energy Group (AEG), a subsidiary focused on energy technology and advisory services, to ICF International Incorporated (NASDAQ:ICFI) (Reston, Virginia). Adjusted for this sale and EBITDA factors, earnings stood at $40.6 million, compared with $30.8 million in first-quarter 2024.
"During the quarter, we added over $367 million to our awarded backlog, while converting $334 million of awards into contracts," Sakellaris said in a press release. "At quarter end our contracted backlog stood at $2.6 billion, almost 80% ahead of the previous year, driving our total project backlog to $4.9 billion up 22% compared to last year."
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of detailed project reports for active and proposed projects from, or featuring, Ameresco.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing active and proposed projects across the U.S. and Canada featuring Ameresco, by parent company.Among its own projects, Ameresco began construction last year on its $140 million EchoWater Resource Recovery Cogen Plant in Elk Grove, California, which will use biogas to generate 13.4 megawatts (MW) for the Sacramento Area Sewer District's EchoWater Project, a wastewater treatment plant. The company says it will utilize fuel cell and engine technology to reduce pollutant emissions and, later, to produce hydrogen. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project and Plant databases can learn more from a detailed project report and plant profile.
Ameresco also has been making strides in the growing market for renewable natural gas (RNG). The company expects to finish construction this summer on its $20 million Lee County RNG Plant in Dixon, Illinois, next to Republic Services Incorporated's (NYSE:RSG) (Phoenix, Arizona), which is designed to process waste methane emissions from the nearby Lee County Landfill into pipeline-grade RNG. Construction started in early 2024, with Ameresco acting as its own general contractor. Subscribers can learn more from a detailed project report and plant profile.
In a quarterly earnings-related conference call, executives at Ameresco expressed confidence their RNG and other projects would maintain the tax credits received under former President Joe Biden's Inflation Reduction Act, even as President Donald Trump's administration aims to drastically reduce federal support for renewable projects. "Especially on the RNG, we safe-harbored the ITC [investment tax credits] related to those projects," said Mark Chiplock, the chief financial officer of Ameresco. "For about three quarters of the projects in our asset development pipeline, we safe-harbored the ITC on that as well."
George Sakellaris, the chief executive officer of Ameresco, noted in the earnings call that work with the federal government accounted for about 30% of the company's total project backlog, with military-related work accounting for about 20%. The U.S. Department of Defense contracted a joint venture between Ameresco and Hannah Solar Government Services (Summerville, South Carolina) to serve as general contractor on a $25 million addition to the microgrid for the U.S. Army's ocean terminal in Concord, California, which will generate 6.25 MW from diesel generators. Subscribers can learn more from a detailed project report and plant profile.
Other government work includes the District of Columbia's $20 million microgrid addition at the Cedar Hill Regional Medical Center. The project is designed to generate 4.1 MW for new hospital facilities and a new men's shelter, from a solar photovoltaic (PV) array, two diesel generators, a battery energy-storage system (BESS) and a combined heat and power (CHP) system. The project kicked off last May and is expected to wrap up toward the end of this year. Subscribers can learn more from a detailed project report and plant profile.
Ameresco reported a net loss of $5.5 million for the first quarter of 2025, compared with a $2.9 million loss for the first quarter of 2024, which the company attributed to its year-end sale of Applied Energy Group (AEG), a subsidiary focused on energy technology and advisory services, to ICF International Incorporated (NASDAQ:ICFI) (Reston, Virginia). Adjusted for this sale and EBITDA factors, earnings stood at $40.6 million, compared with $30.8 million in first-quarter 2024.
"During the quarter, we added over $367 million to our awarded backlog, while converting $334 million of awards into contracts," Sakellaris said in a press release. "At quarter end our contracted backlog stood at $2.6 billion, almost 80% ahead of the previous year, driving our total project backlog to $4.9 billion up 22% compared to last year."
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of detailed project reports for active and proposed projects from, or featuring, Ameresco.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
