HSGS-Ameresco JV Bags Microgrid Project With White Sands Missile Range - Ameresco (NYSE:AMRC)

Ameresco Inc AMRC joint venture HSGS-Ameresco, LLC, has secured a contract to install a microgrid system at the White Sands Missile Range (WSMR), the Department of Defense’s open-air military test facility in New Mexico.
The new microgrid system is for several of the base’s potable water wells. It is designed to include a new 700kW solar photovoltaic array, a 500kW natural gas generator, and a 500kW battery energy storage system.
The system is designed to provide 14 days of power to energize the water wells in the event of a power outage.
HSGS-Ameresco will provide all supervision, labor, materials, equipment, supplies, and transportation necessary to perform the microgrid project.
Construction is set to start in December 2022 and is expected to be completed by late 2023.
Price Action: AMRC shares are trading higher by 2.57% at $67.10 on the last check Thursday.