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Ameresco Wins $173 Million Contract from US Navy for Cleantech Energy Project at Norfolk Naval Shipyard -- Shares Gain

· 02/05/2021 04:22

09:19 AM EST, 02/05/2021 (MT Newswires) -- Ameresco (AMRC) said pre-market Friday that it was awarded a $173 million energy savings performance contract from the US Navy for the Cleantech Energy Project at Norfolk Naval Shipyard.

The US energy services company said it will construct a new 19-megawatt combined heat and power plant, a 3 megawatt battery energy storage system, and a microgrid control system that will provide the site with long-term energy security while reducing the electricity imported from the grid by 68%.

Shares of the company rose almost 2% in pre-bell trading.

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