Ameresco Celebrates the Completion Solar Canopy Project with the City of Pendleton, Oregon
FRAMINGHAM, Mass. & PENDLETON, Ore., June 11, 2025--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading energy solutions provider dedicated to helping customers navigate the energy transition and the City of Pendleton in Oregon today hosted a ribbon-cutting ceremony to celebrate the completion of a 240-kilowatt (kW) solar photovoltaic (PV) canopy system at the Pendleton Wastewater Treatment and Resource Recovery Facility (WWTRRF).
This innovative solar canopy--the first of its kind in the region--represents a major milestone in the City's ongoing efforts to enhance energy resilience, efficiency and innovation, supported by Ameresco. The solar canopy is expected to annually generate 325,000 kilowatt-hours (kWh) of electricity, which will offset approximately 30% of the WWTRRF's total energy consumption.
"This project marks a major step forward in our commitment to developing efficient and resilient solutions for our city," said Kyle Willman, Superintendent, at Wastewater Treatment Resource Recovery Facility. "The solar canopy not only helps reduce our energy costs and environmental footprint, but it also enhances the performance of our wastewater treatment facility in ways that benefit the entire community. We're grateful for our partnership with Ameresco and for the state and local support that made this forward-thinking investment possible."
In addition to providing on-site energy production and cost savings, the canopy shades the WWTRRF's chlorine contact chamber, helping to improve water quality, reduce effluent temperature and support a healthier aquatic ecosystem. The project is part of a multiphase infrastructure improvement initiative and was delivered through an Energy Savings Performance Contract (ESPC) with Ameresco, who provided price and performance guarantees and helped ensure participation from disadvantaged and local businesses.
The Pendleton WWTRRF project was funded through a combination of state grants (including ODOE's C-REP grant), utility incentives and city resources. As part of the City's ongoing efforts to increase the resilience and reliability of the WWTRRF, plans are underway for a future battery energy storage system (BESS) to complement the solar canopy and further decrease the operational costs of the facility.
"We are proud to partner with the City of Pendleton in its mission to build a resilient future," said Lou Maltezos, President of Central & Western USA, Canada Regions at Ameresco. "This solar canopy project is a great example of how innovative energy solutions can deliver meaningful economic benefits and support essential city infrastructure. We're not only improving operational efficiency but also contributing to the health of the local ecosystem and empowering the community with long-term energy savings."
For more information about Ameresco and its energy efficiency and resiliency infrastructure solutions, visit www.ameresco.com.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE: AMRC) is a leading energy solutions provider dedicated to helping customers reduce costs, enhance resilience, and decarbonize to net zero in the global energy transition. Our comprehensive portfolio includes implementing smart energy efficiency solutions, upgrading aging infrastructure, and developing, constructing, and operating distributed energy resources. As a trusted full-service partner, Ameresco shows the way by reducing energy use and delivering diversified generation solutions to Federal, state and local governments, utilities, educational and healthcare institutions, housing authorities, and commercial and industrial customers. Headquartered in Framingham, MA, Ameresco has more than 1,500 employees providing local expertise in North America and Europe. For more information, visit www.ameresco.com.
About the City of Pendleton
The City of Pendleton is a vibrant and active community with a rich heritage and a lively history. Located at the base of the Blue Mountains in Eastern Oregon, Pendleton is well known for its world-class Pendleton Round-Up rodeo, a thriving arts culture and many historic attractions. To learn more, visit www.pendletonor.gov.
The announcement of completion of a customer's project contract is not necessarily indicative of the timing or amount of revenue from such contract, of Ameresco's overall revenue for any particular period or of trends in Ameresco's overall total project backlog. This project was included in Ameresco's previously reported contracted backlog as of March 31, 2025.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250611046090/en/
Contacts
Media: Ameresco: Leila Dillon, 508-661-2264, news@ameresco.com
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
24 minutes ago
- Yahoo
Tariffs Take A Bite Out Of Deere Profit, Demand Challenges Hit Core Businesses (UPDATED)
Deere & Company (NYSE:DE) shares tumbled Thursday after the agricultural equipment giant posted mixed third-quarter results and trimmed its full-year profit forecast, highlighting persistent headwinds from declining sales, tariffs, and cautious customer demand. The heavy machinery maker reported earnings per share of $4.75, beating the consensus of $4.67. It reported a 9% decline in quarterly sales to $12.02 billion, beating the consensus of $10.31 billion. Production and precision agriculture sales decreased 16% for the quarter to $4.27 billion as a result of lower shipment volumes and unfavorable price realization. Operating profit slumped 50% to $580 million primarily due to lower shipment volumes / sales agriculture and turf sales decreased 1% to $3.03 billion due to lower shipment volumes, partially offset by favorable currency translation and price realization. Operating profit decreased 2% to $485 million due to higher tariffs, partially offset by reductions in warranty expenses and lower production costs. The decreased production costs were primarily the result of lower material costs. Construction and forestry sales decreased 5% to $3.06 billion due to unfavorable price realization. Operating profit decreased 47% to $237 million primarily due to unfavorable price realization and higher production costs caused by higher tariffs, partially offset by a favorable product mix. 'By proactively managing inventory, we've matched production to retail demand, enabling our company and dealers to respond swiftly to market shifts and customer needs,' said John May, chairman and CEO of John Deere. 'By continuing to address the high levels of used equipment in the industry, we're building a healthier market for everyone, our customers, our dealers, and our business, even in these challenging times,' May added. View more earnings on DE Deere's financial services reported a net income increasing 34% to $205 million, driven by a lower provision for credit losses. Outlook Deere narrowed its fiscal 2025 net income guidance to between $4.75 billion and $5.25 billion, compared to its previous forecast of $4.75 billion to $5.50 billion, citing that customers remain cautious amid ongoing uncertainty. 'We remain committed to delivering solutions that address our customers' current needs while also laying the groundwork for future growth. For example, the increasing utilization and proven in-field effectiveness of advanced technologies, such as See & Spray and Harvest Settings Automation, are empowering customers to improve their productivity and better navigate industry challenges,' May noted. 'The positive outcomes we're enabling reinforce our confidence in Deere's future despite near-term uncertainty.' For fiscal 2025, Deere expects production and precision agriculture sales to decline between 15% and 20%, with small agriculture and turf revenues to fall by around 10% and construction and forestry sales to decline by 10%-15%. During the earnings conference call, Deere executives reportedly said tariff costs during the third quarter were about $200 million, with the pre-tariff impact forecast for 2025 now approaching $600 million. They also noted more uncertainty in the North American agricultural market and confirmed the company will continue to run factories lean to match demand. When looking at the industry, for fiscal 2025, Deere expects the U.S. and Canada large agriculture equipment sales to decline approximately 30%, while small agriculture and turf equipment sales are projected to decrease around 10%. The company sees U.S. and Canada construction equipment sales to fall by around 10%. Price Action: DE stock is trading lower by 6.49% to $480.22 at last check Thursday. Read Next:Image via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? DEERE (DE): Free Stock Analysis Report This article Tariffs Take A Bite Out Of Deere Profit, Demand Challenges Hit Core Businesses (UPDATED) originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
24 minutes ago
- Yahoo
C3.ai Stock Price Target Slashed By Oppenheimer After Brutal Q1 Miss
(NYSE:AI) shares wavered Wednesday after Oppenheimer cut its rating to Perform from Outperform, citing a sharp miss in preliminary fiscal Q1 2026 numbers. The firm also pulled its $45 price target, flagging a revenue drop from about $105 million to roughly $70 million a 35% sequential decline that raises questions about the stickiness of its subscription business. Non-GAAP operating loss guidance widened to ?$58 million from ?$29 million. Warning! GuruFocus has detected 5 Warning Signs with AI. Analyst Timothy Horan warned the trends could point to secular weakness and slashed full-year revenue estimates to $291 million from $464 million. set to report full results Sept. 3, said it has overhauled its global sales and services unit and named new leaders, but admitted Q1 sales were completely unacceptable. CEO Thomas Siebel, who is stepping down due to health reasons, stressed the restructuring was needed to get performance back on track. The enterprise AI software provider's stock was still up about 5% midday, reflecting some hope the upcoming earnings call might provide reassurance. This article first appeared on GuruFocus. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
24 minutes ago
- Yahoo
Birkenstock CEO Says Well-Positioned To Navigate Tariffs, Reaffirms Outlook
Birkenstock Holding (NYSE:BIRK) shares are trading lower on Wednesday. The company reported third-quarter adjusted earnings per share of 70 cents, beating the analyst consensus estimate of 67 cents. Quarterly sales of $720.12 million missed the Street view of $739.49 million.'Reported revenue growth was 12%. On a constant currency basis, we grew revenue by 16%, with double-digit growth in all regions. Underlying demand remains strong and we are on track to meet our target of constant currency growth at the high end of the 15-17% range we provided at the beginning of the year,' said CEO Oliver Reichert. In Euros, revenue totaled 635 million euros, an increase of 12% on a reported basis and 16% in constant currency. Revenue grew double digits across all segments, rising 10% in the Americas, 13% in EMEA, and 21% in APAC on a reported basis. In constant currency, growth was 16% in the Americas, 13% in EMEA, and 24% in APAC. View more earnings on BIRK Gross profit margin was 60.5%, up 100 basis points from 59.5% a year ago. The increase was driven by price adjustments and improved manufacturing capacity absorption, partially offset by unfavorable currency translation and channel mix. The firm reported adjusted EBITDA of 218 million euros, up 17% year-over-year. Adjusted EBITDA margin totaled 34.4%, up 140 basis points from 33.0% a year ago. 'We believe we are well-positioned to manage the impact of the current 15% US/EU tariff agreement through a combination of pricing adjustment, cost discipline and inventory management to protect the long-term health and profitability of the Birkenstock brand,' the CEO added. The company exited the quarter with cash and equivalents worth 261.834 million euros. During the company's conference call, Birkenstock CEO reportedly said the July 1 price increases in the U.S. were met with no pushback or order cancellations from retailers, signaling strong retailer acceptance despite higher prices. Outlook Birkenstock Holding reaffirmed its fiscal year 2025 sales guidance at $2.254 billion. In fiscal year 2025, the company expects an adjusted EBITDA margin of 31.3% to 31.8%, despite a significantly weaker US dollar. Price Action: BIRK shares are trading lower by 3.40% to $48.52 at last check Thursday. Read Next:Photo by Josh Forden via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Birkenstock CEO Says Well-Positioned To Navigate Tariffs, Reaffirms Outlook originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.