Based on its recent analysis of the energy services market, Frost & Sullivan presents Ameresco, Inc. (Ameresco) with the 2008 North American Frost & Sullivan Award for Green Excellence of the Year in recognition of its efforts in enabling clients to incorporate sustainability into their business processes. With its holistic service structure, Ameresco analyzes, plans, and helps its clients in executing the energy-efficient practices, thereby releasing resources for their core business.
In the age of global warming and fast depleting energy resources, environmental awareness has become extremely urgent. Ameresco serves as the perfect partner to clients from various sectors such as industrial, government, institutional, and housing to incorporate energy efficiency into their best practices. Ameresco provides support throughout, from evaluating the opportunities, to financing the project and supervising the installation and operation.
"Ameresco's approach to environmental responsibility is essentially an extension of internal practices," notes Frost & Sullivan Research Analyst Wesley Dean. "The company has worked to reduce both waste and costs in its own day-to-day operations and these strategies have yielded positive results."
Ameresco has approached the market place and its clients with these best practices, which are becoming widely accepted. Along with its subsidiaries, the company has successfully completed energy solutions projects for more than 300 customers across 9,000 facilities in North America, leading to immense energy and cost savings.
Ameresco thoroughly audits every process in the client's facility that consumes energy, such as heating, lighting, ventilation, air conditioning, motors, controls, compressed air systems, industrial process, and power generation. It then develops a preliminary assessment of opportunities, savings and costs based on this information before suggesting a suitable service package to conserve the maximum amount of energy in the form of a formal agreement. The service package includes support in terms of financing, management and maintenance to ensure project success.
Whether the energy solution is a turnkey project, performance contract or energy services agreement, every project is customized to meet the specific needs of the client and Ameresco keeps a track on the performance of the project. Performance verification involves monitoring installation, operation, completion and cost-efficiency. The entire project is a continuous improvement cycle where new information about the energy markets and changing business needs of the client are constantly fed into the process.
"Within the industry, Ameresco's reputation as a truly independent energy service provider is well established," says Dean. "The company has a keen ability to identify client needs and has the in-house expertise to deliver on every aspect of a project. These attributes combined with a substantial presence across many different market sectors puts Ameresco in a unique position to lead and influence the market."
For instance, Ameresco is the founder of the Better Schools Partnership™ program, which aims at cutting down excess energy costs and investing more on facility, organizational and academic program renewal. Further, Ameresco Canada, has worked closely with the city of Toronto for the Better Buildings Partnership (BBP) program, which fosters initiatives to reduce carbon dioxide (CO2) emissions for all public and private sector buildings within the city. The program has been successful in meeting its initial target of achieving 20 percent reduction in CO2 by 2005, compared to the 1988 levels.
Further, Ameresco uses its expertise in solar, wind, geothermal, fuel cell, microturbine, landfill gas, and combined heat and power (CHP) systems to the betterment of its clients. It has a unique capability in landfill gas-to-energy (LFGTE) projects that not only produce clean power but also benefit the community through job creation and reduction in odor emissions.
"The company has responded to the opportunity to lead by forming partnerships which promote the implementation of green solutions whenever feasible," adds Dean. "Ameresco has been able to promote awareness and encourage the widespread adoption of green solutions, helping to shape a new era of energy standards."
By making it so much easier and hassle-free for organizations to undertake energy-conserving projects, Ameresco has contributed to the overall betterment of the society. Their capability to have a powerful and positive impact on society through its green building initiatives, makes Ameresco a worthy recipient of the 2008 Frost & Sullivan Green Excellence Award for Corporate Leadership in the North American Energy Services Market.
Each year, Frost & Sullivan presents this award to the company that has demonstrated significant progress in enhancing the long-term sustainability and managing the environmental impact of its operations, which results in measurable improvement in the company's overall environmental performance within its industry sector. The award signifies the company's keen awareness to the value of corporate social responsibility in today's increasingly "green" focused business environment, and the importance of being a good corporate citizen. Moreover, this award also recognizes that the company has successfully fostered sustainable practices across all global centers that it operates from, while maintaining its financial strength.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
About Ameresco, Inc.
Ameresco, Inc. (ameresco.com) is the largest independent comprehensive energy solutions provider in North America. Headquartered in Framingham, MA., Ameresco uses innovative strategies, systems, and technologies for renewable and sustainable energy generation and infrastructure renewal, thereby reducing operating expenses, increasing energy reliability and independence while enhancing the environment. To date, Ameresco has developed, designed and/or implemented over $4 billion in energy solutions projects in North America.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, Growth Consulting and Growth Team Membership™ empower clients to create a growth-focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents.