Ameresco Begins Operations of Virginia Solar Canopy Project Developed in Partnership with BXP

May 27, 2025 at 08:05 AM EDT

The 1.3 MW solar photovoltaic system installed on a downtown parking garage will provide economic benefits and energy resiliency to Reston Town Center

Ameresco, Inc., (NYSE: AMRC), a leading energy solutions provider dedicated to helping customers navigate the energy transition, today announced that it achieved commercial operation at its solar PV canopy project in Reston, Virginia. The project was developed through a partnership with BXP, Inc. (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States.

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BXP’s Reston Town Center parking garage now features a sleek solar installation by Ameresco

The 1.3 MW solar photovoltaic system is expected to provide an estimated 1.5 million kilowatt-hours of renewable energy annually, benefiting BXP’s Reston Town Center facility. This initiative offers cost-savings through competitive energy pricing, bolsters energy security, and reduces dependence on the electric grid.

“Ameresco has been a critical partner in the delivery of impactful solar projects,” said Ben Myers, Senior Vice President of Sustainability at BXP. “This project required overcoming several economic, technical, and logistical hurdles. Ameresco’s commitment to the project, creativity, and proficiency in developing on-site, clean energy in the context of the bustling Reston Town Center, was essential in making this project a success.”

This behind-the-meter project was completed at the end of 2024. The system is mounted atop a parking garage. This innovative use of space not only increases the covered parking capacity but also transforms the garage into a megawatt-scale renewable energy plant.

“We’re delighted to see our partnership with BXP begin delivering reliable energy solutions to downtown Reston,” said Jonathan Mancini, Senior Vice President – Solar Project Development East, PV Grid-Tie at Ameresco. “Developing the solar canopy project has been a phenomenal reminder of the innovative ways we can create solutions to provide energy security and resiliency to cities and towns across the country. We look forward to seeing Reston Town Center powered by efficient and affordable energy for years to come.”

Achieving commercial operations for the solar canopy project marks a significant milestone in Ameresco's ongoing efforts to deliver innovative energy solutions that promote sustainability and resilience. As Reston Town Center benefits from this energy initiative, Ameresco and BXP remain dedicated to delivering cost-effective and reliable energy solutions to the community.

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

About Ameresco, Inc.

Founded in 2000, Ameresco, Inc. (NYSE: AMRC) is a leading energy solutions provider dedicated to helping customers reduce costs, enhance resilience, and decarbonize to net zero in the global energy transition. Our comprehensive portfolio includes implementing smart energy efficiency solutions, upgrading aging infrastructure, and developing, constructing, and operating distributed energy resources. As a trusted full-service partner, Ameresco shows the way by reducing energy use and delivering diversified generation solutions to Federal, state and local governments, utilities, educational and healthcare institutions, housing authorities, and commercial and industrial customers. Headquartered in Framingham, MA, Ameresco has more than 1,500 employees providing local expertise in North America and Europe. For more information, visit www.ameresco.com.

The announcement of Ameresco’s completion of a renewable energy asset project is not necessarily indicative of the timing or amount of revenue from such arrangement, of Ameresco’s overall revenue for any particular period or of trends in Ameresco’s overall total assets in development or operation. This project was included in Ameresco’s previously reported assets in operation as of March 31, 2025.