ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Ameresco Partnership with City of El Campo, Texas Improves Water and Sewer Metering Infrastructure Citywide

Ameresco upgraded and replaced 4,805 water meters and implemented a fixed-based Advanced Metering Infrastructure (AMI) system for the city

Ameresco, Inc. (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced the completion of its project with the City of El Campo, Texas to upgrade and replace existing water and sewer metering infrastructure. The project resulted after Ameresco conducted an investment grade audit and identified potential utility improvement measures that would restore degraded meter accuracy, improve revenue potential and reduce operational cost for the city.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210915005044/en/

City of El Campo, Texas partnership with leading cleantech integrator, Ameresco, Inc. improves water and sewer metering infrastructure citywide. (Photo: Business Wire)

City of El Campo, Texas partnership with leading cleantech integrator, Ameresco, Inc. improves water and sewer metering infrastructure citywide. (Photo: Business Wire)

Ameresco replaced 4,805 water meters citywide, some of which were over 20 years old, and implemented a fixed-based Advanced Metering Infrastructure (AMI) system to allow for wireless reading of water meter data. This automated meter reading system eliminates the need for estimated meter reading, decreases meter accessibility issues and subsequently reduces billing errors. The resulting monetary benefits to the city include reduced utility rates, a projected cost savings of $92,052 in the first year alone, and the opportunity to recapture lost revenue.

The wireless AMI system will allow for automation of the City of El Campo’s billing process and reduce subsequent burden to city staff. These improvements will also reduce the risk of meter failure and lead to fewer service calls from customers in need of assistance. Additionally, a new web portal for the new system will enable customers to view their historical utility consumption data, enhancing the customer experience, and also allow city staff to access the meter data from any location with an internet connection.

“We’re thrilled that our contributions can benefit a community so committed to fostering a smarter and more efficient world,” said Bob Georgeoff, vice president of Ameresco. “By implementing such innovative improvements, the City of El Campo has made upgrades that will benefit the everyday lives of its residents through utility upgrades.”

The water and sewer metering infrastructure project advances the City of El Campo’s commitment to embracing and implementing smart city technologies. It marks a significant step for the city in becoming more efficient and enhancing transparency with its citizens.

“We are excited to see all the advancements taking place in our community, which will provide our water utility customers with a greater level of accuracy and transparency into their water consumption levels and reduce our operational costs. Implementing a new and improved water metering system is a strong step forward for the City of El Campo as it continues to make efforts for a more sustainable future as we continue to grow,” said Brittni Nanson, Director of Finance.

Project construction was completed in May of 2021.

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 cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and the United Kingdom. Ameresco’s sustainability services in support of clients’ 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, 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.

About City of El Campo, Texas

Small City, Deep Roots. El Campo was incorporated in 1905. The municipal government was composed of a mayor and five aldermen. Soon after the establishment of a formal government, came adequate police protection and a volunteer fire department. Utility services were expanded. The City of El Campo has been the result of a steady and continual growth by citizens who came and saw the great possibilities that El Campo has to offer.

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 total project backlog. This project was included in our previously reported contracted backlog as of June 30, 2021.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.