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Ameresco Wins $1.8B in Awards, Fueled by AI Data Centers
4 Aug
Summary
- Ameresco added $1.8 billion in new awards in the second quarter.
- Data center projects accounted for $1.2 billion of the new awards.
- The company's total project backlog increased 32% to $6.73 billion.
Ameresco reported a substantial increase in new project awards during the second quarter, securing an additional $1.8 billion. This marks a more than threefold increase compared to the same period last year. The company attributes this growth to robust demand for energy efficiency and renewable energy solutions.
A significant portion of these new awards, approximately $1.2 billion, is directly linked to data center projects. The remaining $600 million comes from other business areas serving industrial and commercial clients. Ameresco has advanced three new behind-the-meter data center projects, bringing its total in this category to five.
The company's overall project backlog expanded by 32% year-over-year, reaching $6.73 billion by the end of the quarter. While data center projects typically require 12 to 24 months for development and permitting, Ameresco anticipates more projects advancing soon. Current activities are notably concentrated in Texas and Arizona.
