Benzinga | Jan 21, 2022 05:15AM EST

Ameresco Secures 10-MW Slemon Park Microgrid Project

* Ameresco Inc (NYSE:AMRC) has secured the Slemon Park Microgrid project, which it will develop in collaboration with Prince Edward Island (PEI) Energy Corporation. Financial terms were not disclosed.

* The Slemon Park Microgrid will consist of a 10-MW solar facility with direct current-coupled energy storage. Implementation of behind-the-meter energy storage solutions, and a small deployment of residential energy storage systems, will benefit Slemon Park commercial businesses and local residents by storing energy for later use.

* Construction began in December 2021, with a target energize date scheduled for Fall 2022.

* The completed project will improve local economic development and strengthen renewable energy solutions in Prince Edward Island.

* Price Action: AMRC shares traded higher by 1.22% at $52.46 on the last check Thursday.