AMRC Ameresco Selected for U.S. Army Strategic Capital Initiatives to Advance Energy Resilience at Aberdeen Proving Ground and Picatinny Arsenal

For best results when printing this announcement, please click on link below: Ameresco Selected for U.S. Army Strategic Capital Initiatives to Advance Energy Resilience at Aberdeen Proving Ground and Picatinny Arsenal Competitive selections under the Army’s Enhanced Use Lease authority would support commercial nuclear power generation projects designed to enhance Army mission readiness and installation energy resilience Ameresco, Inc. (NYSE: AMRC), a leading energy infrastructure company delivering integrated solutions to create reliable power and modernize infrastructure, today announced that the U.S. Army under its Strategic Capital Initiatives has competitively selected Ameresco to enter into exclusive negotiation of long-term leases supporting commercial power generation projects at Aberdeen Proving Ground in Maryland and Picatinny Arsenal in New Jersey. This press release features multimedia. View the full release here: Picatinny Arsenal, New Jersey (top), and Aberdeen Proving Ground, Maryland (bottom), are among the U.S. Army installations selected for potential commercial power generation projects aimed at strengthening energy resilience and mission readiness. Ameresco has been selected to enter into exclusive negotiations for long-term leases at both sites. The Army made the selections under its Enhanced Use Lease authority, 10 U.S.C. § 2667, through its Strategic Capital Initiatives, which are designed to engage private-sector partners in accelerating enterprise-wide modernization. The projects to be developed on the leased land are expected to provide market-based capacity to each state’s grid while supporting the host installations’ missions during utility outages. Ameresco will negotiate each lease with the Army, however, development is beginning immediately. For the Picatinny project, Ameresco intends to deploy both modular microreactor (Phase I) and small modular reactor (Phase II) technologies determined based on the project’s commercial, technical, regulatory, and siting requirements. Ameresco is collaborating with Terrestrial Energy to develop and deploy an integrated molten salt reactor (IMSR) as the nuclear solution best suited to the Phase 2 site at Aberdeen Proving Ground. Key Details: Award structure: Ameresco has been selected to negotiate long-term leases under the U.S. Army’s Enhanced Use Lease authority. Project locations: Aberdeen Proving Ground in Maryland and Picatinny Arsenal in New Jersey. Project scope: Proposed phased power generation campuses, potentially including firm natural gas and advanced nuclear generation at Aberdeen Proving Ground, and microreactor and small modular reactor technologies at Picatinny Arsenal, subject to final agreements and required approvals. Project purpose: Commercial power generation intended to add market-based grid capacity while supporting resilient on-site capabilities for Army installations during qualifying grid outages. “Ameresco is honored to be among the companies sel