Tag: framingham business news

  • Framingham Retail Marijuana Price War Claims First Victim

    Framingham Retail Marijuana Price War Claims First Victim

    FRAMINGHAM, MATrulieve, one of the five Framingham cannabis dispensaries located on Worcester Road, (Route 9), has announced it will be closing up shop on June 30th, 2023.

    In a June 1, 2023 press release to investors Trulieve Cannabis Corp. (CSE:TRUL / OTCQX:TCNNF) a Florida based publicly traded cannabis company announced “additional measures to preserve cash and improve financial performance” then went on to list Trulieve store closings in Framingham, Northampton and Worcester, MA as well as some California and Nevada retail and wholesale markets they were exiting.

    (more…)
  • Framingham based Ameresco, Inc. Certified as Great Place to Work

    Framingham based Ameresco, Inc. Certified as Great Place to Work

    FRAMINGHAM, MA — On Wednesday, September 14, 2022, Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy and headquartered in Framingham, MA announced that it has earned certification as a 2022-2023 Great Place to Work®.

    (more…)
  • Framingham Based Ameresco Helps Improve California Electric Grid Reliability

    Framingham Based Ameresco Helps Improve California Electric Grid Reliability

    Headquartered in Framingham, MA, Ameresco, Inc. is a leading cleantech integrator, renewable energy asset developer, owner and operator.

    FRAMINGHAM, MA — Ameresco, Inc., (NYSE: AMRC), a Framingham, MA based renewable energy company has entered into a contract with Southern California Edison (SCE) to engineer, procure, construct and maintain three grid scale Battery Energy Storage Systems (BESSs) at existing substation parcels throughout SCE’s service territory in California.

    The substation energy storage systems will be built to address the emergency reliability risks identified in a California government emergency proclamation aimed at utilizing clean energy resources to address electric power shortages due to extended drought, wildfire, and heatwaves.

    The systems are slated to be in operation by August of 2022 to provide California residents with electricity in time for next summer’s reliability challenges.

    The systems will be located at three distinct distribution-level substation parcels in SCE’s service area to provide for electricity demands in the San Joaquin Valley, Rancho Cucamonga and nearby communities and the Long Beach area.

    The systems equate to 537.5 MegaWatts with a four-hour duration, for a total of 2,150 MegaWatt Hours.

    “SCE sees a growing role for battery storage as we transition to delivering 100% clean renewable energy to customers,” said Kevin Payne, President and CEO of SCE. “The battery storage systems we have contracted for with Ameresco will make the grid more resilient to the effects of extreme weather and will help us continue our progress toward the clean energy future, which is essential to combating climate change.”

    The three substation systems are a novel approach for incorporating advanced energy storage at the distribution level to solve overall system capacity and reliability needs. They will be operated in a manner which maximizes reliability of the grid by charging during periods of excess generation and discharging during periods of need. The project will utilize a turnkey Engineering, Procurement, Construction and Maintenance (EPCM) contracting mechanism.

    “Innovative cleantech projects of this magnitude have the ability to provide transformative solutions to regions in need of reliable and resilient energy,” said George Sakellaris, CEO, Ameresco. “At Ameresco, we are so pleased to be a part of a project that takes such a meaningful step in providing cleantech solutions to combat the disruptive effects of extreme weather events across the nation.”

    “In recent years, California’s extensive wildfires have highlighted the necessity and importance of improved energy infrastructure. It has become clear that the time for action is now,” said Britta MacIntosh, Senior Vice President, Ameresco Western Region. “This project is proof that when we work together, we can solve for real and reliable solutions to address the needs of the State of California.”

    Once completed, this project will directly contribute to the State of California’s clean energy and carbon neutrality goals and help Edison International, SCE’s parent company, meet its 2045 net-zero greenhouse gas emissions commitment.

    ###

    Source: Ameresco Inc., press release.

  • Ameresco announces Energy as a Service (EaaS) agreement with Northwestern University

    Ameresco announces Energy as a Service (EaaS) agreement with Northwestern University

    Ameresco announces long-term Energy as a Service (EaaS) agreement with Northwestern University, Photo: Northwestern’s Kellogg School of Management Evanston campus.

    FRAMINGHAM, MA — Ameresco, Inc., (NYSE: AMRC), headquartered in Framingham, MA, a leading cleantech integrator specializing in energy efficiency and renewable energy on July 6, 2021 announced it has entered into a long-term Energy as a Service (EaaS) agreement with Northwestern University.

    The partnership will help the institution address its energy-related deferred maintenance challenges with no up-front capital required, while also advancing its sustainability and academic goals.

    (more…)
  • Framingham Based Ameresco Installs 26,000 Solar Modules in Rhode Island

    Framingham Based Ameresco Installs 26,000 Solar Modules in Rhode Island

    [photo] Ameresco - R.I. Airport Solar Installation
    Ameresco’s Tiverton’s solar energy site comprises over 12,000 modules with an electricity generation capacity of 4.95 megawatts.

    FRAMINGHAM, MA – Framingham based Ameresco, Inc., (NYSE: AMRC), a leading clean technology integrator specializing in energy efficiency and renewable energy, today announced that it achieved commercial operation at its solar energy site in Tiverton, Rhode Island and mechanical completion at its site in Cumberland, Rhode Island. Both milestones mark meaningful steps in the advancement of solar energy resources within the State of Rhode Island.

    (more…)