Framingham energy services provider Ameresco finished 2025 with record fourth-quarter revenue, boosted by growing demand for energy and fending off concerns over impacts from Department of Government Efficiency cuts and the federal government shutdown.
Ameresco, which focuses on energy infrastructure solutions, brought in $581 million in revenue in the fourth quarter, up 9% year-over-year, according to an earnings release issued Monday. Ameresco finished the year with about $1.93 billion in revenue, up from $1.77 billion in 2024, with net income of $44.3 million.
The company said a diversified mix of building efficiency and energy infrastructure projects and the increased electrification of buildings and transportation were factors in its growth.
“Strong fourth quarter results capped an excellent year for Ameresco in which we successfully navigated a dynamic business environment and reached the mid to high ends of our annual revenue and profit guidance ranges,” Ameresco President, CEO, and Chairman George Sakellaris said in a Tuesday press release.
The market for energy infrastructure and building efficiency solutions remains strong, Sakellaris said.
“This success was achieved even amid concerns surrounding potential Department of Government Efficiency actions early in the year and the six-week federal government shutdown in the fourth quarter,” Sakellaris said in a Monday earnings call, according to a transcript provided by Yahoo! Finance. “Importantly, our results were broad-based, with growth across all three of our core business lines, including strong growth from our European operations.”
While some of Ameresco’s projects involve clean energy technology criticized by the President Donald Trump Administration, the firm has benefited from energy resilience projects at major U.S. military bases, which includes projects such as the construction of a backup power generation plant and underground transmission lines at a major military site in California.
“Ameresco has a very long track record of providing resilient solutions at military bases across the country, keeping their mission-critical functions running in case of grid power interruptions, and thus making us a go-to provider across all end markets,” Sakellaris said during the earnings call. “As you can see, we believe Ameresco is very well positioned to benefit from these long-term trends that should help drive profitable growth for many more years to come.”
Looking ahead to 2026, the company expects revenue to continue upward, projecting 9% growth.
The company is exploring adding nuclear power to its federal and commercial projects, signing a memorandum of understanding with a New York-based NANO Nuclear Energy in January.
Eric Casey is the managing editor at Worcester Business Journal, who primarily covers the real estate and banking & finance industries.
