Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, announced it has entered into a 15-year Energy as a Service (EaaS) agreement with Kauai Beach Resort. The partnership allows the 25-acre ocean front resort to update and replace its energy-related equipment without any up-front capital.
Ameresco will install new lighting and air conditioning equipment in several phases over the next two years and maintain the improvements for the following 15 years. The upgrades include replacing 350 fan coil units with smart thermostats and humidity controls, a new central chiller plant with added redundancy for AC and hot water, new electrical transformers, a new building automation system to monitor and control temperatures in guest rooms, the kitchens and ballrooms, and updating the exterior lighting with LEDs throughout the resort.
“For us, it is imperative that we continually look for ways to innovate and provide our guests with an unforgettable experience. In order to do so, we need to always be looking for ways to improve and update our resort with the latest energy-efficient technology,” said Ben Dookchitra, Kauai Beach Resort Board President. “We are so excited to partner with Ameresco on this project to implement solutions that will reduce our energy demand and make our resort more sustainable.”
Ameresco will begin design and construction this year to coincide with currently scheduled Kauai Beach Resort building upgrades. By coordinating both projects, Kauai Beach Resort will reduce the amount of guest room downtime. Ameresco expects to complete construction in the summer of 2023.
“Engaging in such an expansive project that will bring critical infrastructure upgrades to life is no easy feat for a business like the Kauai Beach Resort,” said Britta MacIntosh, Senior Vice President, Ameresco. “But by utilizing our Energy as a Service agreement, the resort will be able to simultaneously reduce its energy consumption and overall utility costs, while making no upfront capital investment and deferring all renovation fees until cost savings benefits are realized.”
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