Lendlease Partners with Ameresco on $102 Million Clean Energy Retrofit Project in Hickam Communities
FRAMINGHAM, Mass. & HONOLULU–(BUSINESS WIRE)–Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced a partnership with Hickam Communities LLC (HC), owned and operated by Lendlease, at Joint Base Pearl Harbor-Hickam (JBPHH) Air Force Base in Hawaii for a $102 million energy savings project and 25-year O&M service agreement to ensure performance and savings. The project, which brings in additional private capital without the need for congressional appropriations, will provide holistic energy solutions to retrofit more than 2,500 privatized military housing units, and is expected to generate $13 million in annual savings that would be used to pay for upgrades. . , financing costs and operation and maintenance services over the 25-year performance period. This project once again demonstrates the success of the Military Housing Privatization Initiative (MHPI).
“We are very pleased to partner with Ameresco on this important sustainability initiative to upgrade our 2,500 homes in Hickam Communities,” said Carolyn Tregarthen, General Manager of Lendlease Communities. “Making HVAC systems more energy efficient, installing smart home energy thermostats, improving water systems and implementing LED lighting are just a few examples of how we are working closely with Ameresco to make our more environmentally resilient military housing communities to provide improved health and quality of life for our residents.
Ameresco and Lendlease formed a joint venture in 2015 known as Energy Solutions and Security, LLC. This is the joint venture’s second project to focus on clean energy, energy security and resilience in privatized military housing communities. A similar energy security and modernization project is nearing construction completion at Island Palm Communities, a partnership between Lendlease and the US military for privatized housing on Oahu, also in Hawaii.
At Hickam Communities, Ameresco will implement significant efficiency upgrades to improve the energy performance of homes and improve comfort for military families and the personnel who occupy them. The project is designed to reduce grid-related consumption of HC by 30% over the 25-year project period. Ameresco is replacing the community’s existing HVAC systems with new high-efficiency water source heat pump systems and deploying smart home energy thermostats developed in conjunction with HC to reduce energy waste in a way smart that balances comfort and savings. To better control water usage and wastewater cost, Ameresco upgrades water installation devices, provides irrigation system upgrades, and installs an online intelligent irrigation control system. The scope of the project also includes the installation of high-efficiency LED streetlights and interior lighting.
“We look forward to implementing a wide variety of modernized upgrades to homes in Hickam Communities. This comprehensive project will bring immediate and long-term value to the region, prioritizing resident satisfaction and comfort throughout the process,” said Nicole Bulgarino, Executive Vice President and General Manager of Federal Solutions at Ameresco.
Construction of the project is expected to be completed in early 2025. Each proposed measure is designed to meet the sustainability and energy goals of the Hickam communities and the US Air Force.
Lendlease is a leading global real estate and investment group with operations in Australia, Asia, Europe and the Americas. Our goal is to create value through places where communities thrive. Based in Sydney, Australia, and listed on the Australian Securities Exchange, Lendlease has approximately 8,200 employees worldwide. Our core capabilities are reflected in our development, construction and investment operating segments. The combination of these three segments gives us a sustainable competitive advantage and allows us to offer innovative integrated solutions to our customers. In the United States, Lendlease’s Communities is one of the national leaders in public/private community development. We manage one of the largest military housing portfolios in the United States and are the military’s exclusive housing partner. With a focus on creating sustainable value, Lendlease builds communities that regenerate our environment, enrich people’s lives and drive economic growth. Lendlease has worked extensively with the Department of Defense on the Military Housing Privatization Initiative (MHPI), a program that provides for the transfer of military real estate assets to private sector companies. With over 40,000 residential units, 192 apartments and over 13,000 hotel rooms in its portfolio, Lendlease will finance, develop, build, renovate and operate these sites for at least 50 years. www.lendlease.com
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE: AMRC) is a leading independent integrator of full-service clean technology, energy efficiency, infrastructure upgrades, asset sustainability and management solutions. renewable energy for businesses and organizations in North America and Europe. Ameresco’s sustainability services include upgrades to a facility’s energy infrastructure and the development, construction and operation of renewable energy plants. Ameresco has successfully completed energy-saving and environmentally friendly projects with federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. Headquartered in Framingham, MA, Ameresco has over 1,000 employees providing local expertise in the United States, Canada and Europe. For more information, visit www.ameresco.com.
Announcement of a customer signing a contract is not necessarily indicative of the timing or amount of revenue from that contract, the company’s overall revenue for a given period, or trends in the total backlog of the company. This project has been included in our backlog of awarded projects in development as of December 31, 2021.