Clean energy company Ameresco, of Framingham, has entered into a long-term energy-as-a-service agreement with Northwestern University, in Illinois.
As part of the EaaS agreement, Ameresco will provide ongoing energy management and related services in addition to identifying and implementing energy efficiency upgrades, for the campus’s 175 buildings and central plants, according to a release. By utilizing this model, the university will be able to tackle its immediate infrastructure capital needs while simultaneously funding these projects over time using energy savings.
“The energy infrastructure upgrades, and ongoing energy management services will not only provide efficiency and cost savings but will also address critical deferred maintenance and bolster the sustainability and carbon reduction goals of their campuses,” Lou Maltezos, executive vice president at Ameresco, said in a release.
The EaaS service model is rising in popularity, according to the release, as it allows for energy-related infrastructure improvements with no upfront capital required from the customer.
The financial considerations of the agreement were not disclosed.
