Ameresco Secures 10-MW Slemon Park Microgrid Project - Ameresco (NYSE:AMRC)

Ameresco Inc AMRC has secured the Slemon Park Microgrid project, which it will develop in collaboration with Prince Edward Island (PEI) Energy Corporation. Financial terms were not disclosed.
The Slemon Park Microgrid will consist of a 10-MW solar facility with direct current-coupled energy storage. Implementation of behind-the-meter energy storage solutions, and a small deployment of residential energy storage systems, will benefit Slemon Park commercial businesses and local residents by storing energy for later use.
Construction began in December 2021, with a target energize date scheduled for Fall 2022.
The completed project will improve local economic development and strengthen renewable energy solutions in Prince Edward Island.
Price Action: AMRC shares traded higher by 1.22% at $52.46 on the last check Thursday.