Ameresco Partners With City Of Bellmead For Smart Metering Infrastructure Improvement Project

Ameresco Inc AMRC inks partnership with the City of Bellmead, Texas, for a comprehensive smart metering infrastructure improvement project. The financial terms of the contract were not disclosed.
Ameresco has included the project in its previously reported contracted backlog as of June 30, 2021.
The project includes the installation of solid-state water meters and an advanced metering infrastructure (AMI) system. It will replace 3,797 water meters throughout the city and recommissioning recently installed meters.
The automation of Bellmead's billing system will improve meter accessibility issues and reduce billing errors.
Ameresco expects to complete the construction in early 2022.
Price Action: AMRC shares traded higher by 4.06% at $67.21 on the last check Monday.

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