Ameresco Acquires Energy Efficiency and Renewable Energy Company EPS to Expand Market Presence

Strategic Insights -

Ameresco, Inc., a leading energy efficiency and renewable energy company, has acquired Energy and Power Solutions, Inc. (EPS), an energy efficiency solutions company serving commercial, industrial, and manufacturing customers across North America. The acquisition will enhance Ameresco's presence in the commercial, industrial, and manufacturing markets, offering new software solutions and demand response services to its customers. EPS's sustainable business is centered around its proprietary software platform, xChange Point, which provides real-time energy and carbon emissions tracking.

Key Takeaways:

  • Ameresco has acquired EPS's xChange Point and energy projects businesses, including automated demand response, to expand its presence in the commercial, industrial, and manufacturing markets.
  • EPS's customers include food and beverage, meat, dairy, paper, aerospace, oil and gas, and REIT industries.
  • The xChange Point software collects real-time energy information at the equipment level, enabling customers and EPS engineers to identify and track potential energy savings opportunities.
  • The acquisition will strengthen Ameresco's position by increasing its presence in the commercial, industrial, and manufacturing markets, and offering new software solutions and demand response services to its customers.
  • EPS's customers will benefit from Ameresco's comprehensive portfolio of energy service offerings and extensive expertise.
  • Ameresco has implemented over $2 billion in energy saving projects for its customers throughout North America.
  • The acquisition is expected to drive demand for energy efficiency and renewable energy solutions, particularly in the face of increasing energy costs, budgetary constraints, and aging infrastructure.

Statistics:

  • Ameresco has implemented over $2 billion in energy saving projects for its customers throughout North America.
  • EPS's xChange Point software provides real-time energy and carbon emissions tracking.
  • The acquisition is expected to increase Ameresco's presence in the commercial, industrial, and manufacturing markets.
  • 60% of Ameresco customers are from the commercial and industrial sectors (Source: Ameresco website)

Sources:

  • Contify.com, "Ameresco, Inc. (NYSE: AMRC) Acquires Energy and Power Solutions, Inc. (EPS) - Contify.com, https://contify.com/c/contify/6662454/ameresco-inc-nyse-amrc-acquires-energy-and-power-solutions-inc-eps"