Ameresco Partners with Denver for City’s First-Ever Performance Contract
City is guaranteed over $2.4 million in energy savings over 15 years
FRAMINGHAM, Mass., and DENVER — Ameresco Inc. announced that through a partnership with the Strategic Initiatives Division of General Services and with funding provided by Denver’s Environmental Health Department, the city and county of Denver has entered into a nearly $2 million energy savings performance contract with the company. Ameresco was pre-qualified by the Colorado Energy Office and Denver selected the energy service provider for the city’s first-ever performance contract.
Under an energy savings performance contract, an energy service provider implements energy and infrastructure upgrade improvements to a building or group of buildings and guarantees projected energy savings through a highly regulated measurement and verification process. Any projected savings that are not attained are covered by the provider.