City of Memphis Selects Ameresco to Lead Comprehensive LED Street Lighting, Control and Networking Project – Business Wire | Region & Cash

FRAMINGHAM, Mass. & MEMPHIS, Tennessee–(BUSINESS WIRE)–Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced its partnership with the City of Memphis and Memphis Light, Gas and Water (MLGW), to lead a comprehensive LED street lighting, control and network project to reduce energy costs across the city and improve operational and maintenance capabilities by upgrading over 77,000 lights to LED.

In addition to improved lighting, increased security and reduced maintenance requirements, the project is expected to result in annual energy savings of more than 37 million kWh and reduce greenhouse gas emissions by more than 26,000 tons. The resulting savings in energy and operating costs mean that the project will pay for itself over the entire lifetime of the system. Updated lights will be fully controllable through remote monitoring on a secure network suitable for additional smart city applications. With the completion of this project, the City of Memphis intends to significantly reduce its carbon emissions while improving both streetscape and night-time visibility in a cost- and energy-efficient manner.

In addition, residents from Memphis and the surrounding communities will be employed throughout the construction process to provide street lighting. By working with the community, Ameresco hopes to exceed Memphis’ goals for MWBE participation for job creation and workforce development, and create enduring opportunities for residents beyond the project lifecycle.

“We are now almost ready to convert all 77,000 streetlights in our city to LED. In doing so, we will bring significantly improved lighting to every neighborhood in Memphis,” Mayor Jim Strickland said of the city last year, criminals will no longer have a safe haven to operate under cover of darkness and to harass our citizens in dimly lit parts of the city to hunt. I look forward to this much needed project getting underway soon.”

“MLGW is pleased to work with the City of Memphis and Ameresco to upgrade MLGW’s streetlight system in the City of Memphis to provide improved lighting, significant energy savings, reduced greenhouse gas emissions and lower maintenance costs,” said JT Young, President and CEO , Memphis Light, Gas and Water.

As the leading Energy Services Company (ESCO) provider of LED streetlight retrofits and the largest non-utility buyer of LED streetlights, Ameresco brings national streetlighting and controls experience to the project. Overall, Ameresco has experience in project development and conversion of more than 800,000 streetlights to LED light sources, over 50% of which are controlled by a light management system.

“Our experience leading complex street lighting upgrade projects in some of the largest cities in the United States, such as Chicago and Phoenix, has prepared us well for our collaboration with the City of Memphis,” said Louis P. Maltezos, executive vice president, Ameresco. “Our goal is to empower the city with cutting-edge solutions that significantly reduce light pollution and ensure a cleaner, safer, and healthier future for all Memphis residents.”

The start of construction is planned for autumn 2022 and completion for autumn 2023.

To learn more about the smart cities solutions offered by Ameresco, visit https://www.ameresco.com/smart-cities/.

About Ameresco, Inc.

Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and developer, owner and operator of renewable energy assets. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, facility sustainability and renewable energy solutions, delivered to customers across North America and the UK. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the design, construction and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally conscious projects with federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial clients. Headquartered in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise across the United States, Canada and the United Kingdom. Visit www.ameresco.com for more information.

About the city of Memphis

Founded in 1819 and incorporated in 1826, Memphis is the second largest city in Tennessee and the 28th largest city in the United States by population. Visit https://www.memphistn.gov/ for more information.

Over Memphis light, gas and water

Memphis Light, Gas and Water is the largest three-utility public utility company in the United States, serving more than 439,000 customers in Memphis and Shelby County.

Announcement of a customer’s project contract award is not necessarily indicative of the timing or amount of revenue from such award, the Company’s total revenues for any particular period, or trends in the Company’s overall project backlog. This project was included in our previously reported backlog as of March 31, 2022.

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