Lendlease Partners with Ameresco for $102 Million Clean Energy Modernization Project at Hickam Communities

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FRAMINGHAM, Mass. & HONOLULU– Ameresco, Inc., (NYSE: AMRC), a leading clean technology integrator specializing in energy efficiency and renewable energy, today announced a partnership with Hickam Communities LLC (HC), owned and managed by Lendlease, at Joint Base Pearl Harbor-Hickam (JBPHH) Air Force Base in Hawaii for a $102 million energy conservation project and accompanying 25-year O&M service agreement to assure the performance and savings. The project, which brings in additional private capital without the need of congressional appropriations, will provide holistic energy solutions to modernize over 2,500 privatized military housing units, and is expected to generate $13 million in annual cost savings that would be used to pay for the improvements, financing costs, and operations and maintenance services over the 25-year performance period. This project further demonstrates the success of the Military Housing Privatization Initiative (MHPI).

“We are very pleased to be partnering with Ameresco on this important sustainability initiative to modernize our 2,500 homes at Hickam Communities,” said Carolyn Tregarthen, Managing Director for Lendlease Communities. “Making HVAC systems more energy-efficient, installing smart home energy thermostats, enhancing water systems, and implementing LED lighting are just a few examples of how we’re working closely with Ameresco to make our military housing communities more environmentally resilient in order to provide improved health and quality of life for our residents.”

Ameresco and Lendlease established a joint venture in 2015 known as Energy Solutions and Security, LLC. This is the second project for the joint venture to focus on clean energy, energy security and resiliency at privatized military housing communities. A similar energy security and modernization project is nearing the completion of construction at Island Palm Communities, a partnership between Lendlease and the U.S. Army across privatized housing on Oahu, also in Hawaii.

At Hickam Communities, Ameresco will implement significant efficiency upgrades to improve the energy performance of the homes and enhance the comfort of the military families and personnel occupying them. The project is designed to decrease HC’s grid-tied consumption by 30% over the 25-year term of the project performance 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 concert with HC to reduce energy waste in an intelligent way that balances comfort and savings. To better control water use and wastewater cost Ameresco is retrofitting water fixture devices, providing irrigation system enhancements, and installing a web-enabled smart irrigation control system. The project scope also includes the installation of high-efficiency LED streetlights and interior lighting.

“We’re looking forward to implementing a wide variety of modernized upgrades across the homes at Hickam Communities. This comprehensive project will deliver immediate and long-term value for the area, prioritizing resident satisfaction and comfort throughout the process,” said Nicole Bulgarino, Executive Vice President and General Manager of Federal Solutions at Ameresco.

Construction on the project is expected to be completed early in 2025. Each proposed measure is designed to meet the sustainability and energy objectives of Hickam Communities and the United States Air Force.