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Ameresco Nabs $197 Million Contract with Naval Research Lab

Provided by Dow Jones Oct 6, 2025, 9:27:00 PM

By Dean Seal

Ameresco said it is working with the U.S. Naval Research Laboratory to execute a $197 million energy-savings performance contract.

The energy provider said Monday that the initiative is designed to modernize critical infrastructure and generate long-term cost savings across the laboratory's Washington, D.C. campus and Chesapeake Bay Detachment.

The project, once fully implemented, is expected to yield $12.5 million in annual cost savings, Ameresco said.

Ameresco shares rose 3.8% to $39.69 in postmarket trading.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

October 06, 2025 17:27 ET (21:27 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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