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Ameresco Selected for U.S. Army Strategic Capital Initiatives to Advance Energy Resilience at Aberdeen Proving Ground and Picatinny Arsenal

  • The U.S. Army competitively selected Ameresco, Inc. to enter exclusive negotiations for long-term leases under its Enhanced Use Lease authority (10 U.S.C. § 2667).
  • The selected projects aim to support commercial power generation at Aberdeen Proving Ground in Maryland and Picatinny Arsenal in New Jersey to enhance mission readiness & energy resilience.
  • Project scope includes proposed phased power generation campuses potentially featuring firm natural gas & advanced nuclear technologies at Aberdeen, and microreactor & small modular reactor technologies at Picatinny.
  • Ameresco intends to deploy modular microreactors in Phase I at Picatinny, while collaborating with Terrestrial Energy on an integrated molten salt reactor for Phase II at Aberdeen.
  • Under the lease structure, the U.S. retains property title while Ameresco finances, designs, builds, operates, secures, & decommissions the facilities.
  • Construction will not commence until all environmental & regulatory reviews, including those under the National Environmental Policy Act, are complete.
  • The projects are designed to provide market-based grid capacity & support on-site capabilities during utility outages.
  • Ameresco's Power Infrastructure business integrates energy resources across behind-the-meter & utility-scale systems, with no current revenue recognition implied for these development-stage opportunities.