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Ameresco announces CFO departure. Ameresco announces CFO departure and reaffirms 2026 financial guidance. Ameresco, Inc. (NYSE: AMRC), a leading energy infrastructure company focused on delivering sustainable energy solutions and infrastructure services, announced that Mark Chiplock will step down from his position as Chief Financial Officer, effective September 25, 2026. Chiplock is leaving the company to take on a chief financial officer role at a private equity-owned company operating in a different industry. The leadership change comes as Ameresco continues to expand its energy infrastructure business and execute on a range of projects supporting energy efficiency, renewable energy, distributed energy resources and other infrastructure needs. Despite the upcoming change in its finance leadership, the company reaffirmed its previously issued financial outlook for the full year 2026. Chiplock will remain in his current role through September 25, providing the company with time to prepare for the transition and ensure continuity across its financial organization. During the remainder of his tenure, he will work with Ameresco's leadership team to support an orderly handover of his responsibilities. Ameresco Chief Executive Officer George Sakellaris thanked Chiplock for his contributions to the company and highlighted the financial leadership team developed during his tenure. "We appreciate the significant contributions Mark has made to our company during his tenure with us, and the strong financial team that he has built and mentored," Sakellaris said. "Mark has been a valuable member of our executive leadership, and we are grateful for his leadership and wish him continued success in his new opportunity." Chiplock's departure represents a planned executive transition rather than a change to Ameresco's current financial expectations. The company reiterated its guidance for 2026 revenue of between $2.0 billion and $2.2 billion. Ameresco also maintained its forecast for Adjusted EBITDA of $250 million to $270 million and Non-GAAP earnings per share of $1.15 to $1.35. By reaffirming its guidance, Ameresco indicated that the CFO transition does not currently alter its expectations for the company's operating performance during the year. The guidance provides investors with continued visibility into management's expectations for revenue growth, profitability and earnings as the company advances its business strategy. The company has already begun searching for Chiplock's successor. Ameresco said it is seeking a new Chief Financial Officer who can join its leadership team and help guide the company through its next period of growth and transformation. The search for a new CFO is expected to focus on maintaining strong financial management while supporting Ameresco's broader strategic objectives. The incoming executive will inherit a finance organization that Chiplock has helped develop and mentor during his time with the company. Ameresco's business is centered on energy infrastructure and solutions designed to help customers improve energy performance, manage energy costs and advance sustainability objectives. The company works across a range of energy-related applications, positioning it within a market that is being shaped by increasing demand for infrastructure modernization, energy efficiency, distributed generation and lower-carbon energy solutions. As energy customers continue to evaluate ways to improve the resilience and efficiency of their infrastructure, companies such as Ameresco are increasingly involved in projects that combine energy management, renewable generation, storage and infrastructure upgrades. These opportunities have contributed to the company's longer-term growth strategy and remain an important part of its operating environment. Against this backdrop, Ameresco's reaffirmation of its 2026 financial guidance provides an indication that management remains confident in its current business trajectory despite the upcoming executive change. Revenue guidance of $2.0 billion to $2.2 billion reflects the scale of the company's expected business activity, while the Adjusted EBITDA target of $250 million to $270 million represents management's expectations for operating profitability. The company's Non-GAAP EPS guidance of $1.15 to $1.35 likewise remains unchanged. Maintaining all three components of the financial outlook suggests that Ameresco is continuing to plan around its existing operational and financial assumptions for 2026. Chiplock's remaining time with Ameresco will also provide an opportunity for the company to maintain continuity in its financial reporting, planning and other responsibilities associated with the CFO position. An orderly transition is particularly important for a publicly traded company, where financial leadership plays a central role in reporting, investor communications, capital planning and corporate strategy. Ameresco has not announced a successor to Chiplock at this time. The company's newly launched search will determine the executive who will take responsibility for the finance organization following his departure on September 25. For Chiplock, the move represents a transition to a CFO position at a private equity-owned company outside the energy industry. Ameresco did not disclose additional details about his new employer or the terms of his departure. The company's leadership expressed appreciation for Chiplock's service while emphasizing the strength of the team he leaves behind. His role in building and mentoring Ameresco's financial organization is expected to provide continuity as the company searches for its next finance leader. The CFO transition comes at an important stage for Ameresco as it works to execute its growth plans and respond to continued demand for energy infrastructure investments. The company's strategy involves addressing evolving customer requirements around energy efficiency, sustainability and infrastructure performance while maintaining financial discipline. With Chiplock remaining in place through September 25, Ameresco expects to have a defined transition period before the next CFO assumes responsibility. The company's leadership team will continue overseeing operations while the search progresses. For investors and other stakeholders, the company's decision to reaffirm its 2026 guidance alongside the CFO announcement is a key element of the update. Ameresco continues to expect full-year revenue between $2.0 billion and $2.2 billion, Adjusted EBITDA between $250 million and $270 million, and Non-GAAP EPS between $1.15 and $1.35. The company will now focus on identifying a finance executive capable of supporting its next phase of expansion. Ameresco described the upcoming period as its next transformation period of growth, signaling that the incoming CFO will play an important role in helping shape the company's financial strategy as it moves forward. Until a successor is appointed, Chiplock will continue working with Ameresco's executive leadership and finance organization. His continued service through September 25 is intended to support an orderly transfer of responsibilities and minimize disruption during the transition. Ameresco's latest announcement therefore combines an executive leadership change with a reaffirmation of its financial outlook. While Chiplock prepares to move into a new role outside the energy sector, Ameresco is maintaining its 2026 financial targets and beginning the process of selecting a new CFO to help lead the company through its next stage of growth. The company's focus remains on executing its existing strategy, maintaining financial performance and advancing its energy infrastructure business. With the CFO search now underway, Ameresco expects to identify a successor who can build on the existing finance organization and contribute to the company's continued development in the evolving energy infrastructure market.

ClimateMaster geothermal technology drives major energy modernization at Fort Sill military housing. Third military housing project with Ameresco and Corvias displays the benefits of geothermal technology for military families. August 17, 2026 Oklahoma City, Okla. - August 2026 - ClimateMaster(R), a leading manufacturer of geothermal and water-source heat pump systems, is helping transform one of the nation's largest military housing energy modernization projects through its geothermal technology at Fort Sill, Oklahoma. The $63 million infrastructure investment, led by Corvias in partnership with Ameresco, is upgrading more than 1,700 military family homes with high-efficiency ClimateMaster geothermal heating and cooling systems, smart thermostats, new hot water systems and advanced controls. The modernization project is expected to reduce annual energy consumption across the housing community by approximately 57%, generating more than $5 million in annual energy savings. The Fort Sill project marks the third military installation where Ameresco and Corvias have partnered with ClimateMaster to deploy geothermal technology as part of large-scale residential energy modernization efforts, demonstrating the continued value of energy-efficient HVAC solutions in support of improving comfort, reliability and long-term sustainability for military families within their housing. "We're proud to partner with organizations like Ameresco and Corvias to help deliver innovative geothermal solutions that improve comfort, increase energy efficiency and strengthen the long-term resilience of military housing," said Titian Burris, national sales manager, ClimateMaster. "Projects like Fort Sill demonstrate how proven technology and strong collaboration can create lasting benefits for military families and the communities they call home." As part of the project's showcase event, Army leadership, congressional representatives and industry partners toured ClimateMaster's Oklahoma City manufacturing facility, where the geothermal heat pumps installed at Fort Sill are manufactured. Attendees then traveled to Fort Sill to observe the drilling process and visit a renovated military home featuring the newly installed systems and advanced controls. ClimateMaster's geothermal heat pumps harness the Earth's stable underground temperatures to efficiently heat and cool buildings, reducing energy consumption by 40% to 70% compared to conventional HVAC systems while delivering dependable year-round comfort and lower maintenance requirements. The Fort Sill modernization is being delivered through an Energy Savings Performance Contract (ESPC), allowing infrastructure improvements to be financed through future energy savings rather than upfront capital expenditures. As military installations continue to prioritize energy resilience and modernization, projects like Fort Sill demonstrate how proven geothermal technology can help improve quality of life for military families while supporting long-term operational and sustainability goals. About ClimateMaster Founded in the late 1950s, ClimateMaster, a brand of Climate Control Group, Inc., is a leading U.S. manufacturer of energy-efficient and sustainable heating and cooling solutions. Based in Oklahoma City, it continues to design, engineer, and produce advanced water-source and geothermal heat pump systems. For more than 50 years, ClimateMaster has driven innovation in comfort and efficiency while maintaining a strong commitment to its engineered and assembled in the USA heritage. For more information about ClimateMaster, visit climatemaster.com. About Climate Control Group, Inc. (CCG) Headquartered in Oklahoma City, CCG is at the forefront of HVAC innovation, combining over 75 years of expertise with a commitment to sustainability and performance. CCG designs and manufactures market-leading products for various applications, where the comfort and efficiency of climate-controlled spaces are essential. Serving multiple industries, education, hospitality, and residential, the CCG brands include ClimateMaster, IEC, ClimaCraft and ClimaCool. www.ccgi-hvac.com Looking for quick answers on air conditioning, heating and refrigeration topics? Try Ask ACHR NEWS, its new smart AI search tool. Ask ACHR NEWS Looking for a reprint of this article? From high-res PDFs to custom plaques, order your copy today! SPONSORED BY Hi there. I'm Ask ACHR NEWS. You can ask me anything about HVACR trends, news, and insights. Go ahead, type something below, and let's get started! JOIN TODAY To unlock your recommendations. Already have an account? Sign In

Ameresco Q2 earnings call highlights. August 3, 2026 Key points. * Ameresco reported strong Q2 growth, with revenue up 9% year over year to $515 million, adjusted EBITDA up 12% to $62.8 million, and non-GAAP EPS of $0.20. The company raised its 2026 non-GAAP EPS outlook to $1.15-$1.35 while reaffirming broader full-year guidance. * New project awards reached a record $1.8 billion, driven by $1.2 billion in data center-related power infrastructure. Awarded backlog climbed 65% to $4.4 billion, while total project backlog rose 32% to $6.7 billion. * Ameresco's data center pipeline includes five awarded projects representing more than 1 gigawatt of power generation, but meaningful revenue is not expected until 2028-2030. The company also expanded its operating energy asset base to 822 MW and maintained leverage below its covenant at 3.2 times. * MarketBeat previews top five stocks to own in September. Ameresco NYSE: AMRC reported second-quarter 2026 revenue of $515 million, up 9% from a year earlier, while highlighting a record $1.8 billion in new project awards led by data center-related power infrastructure projects. Chairman and Chief Executive Officer George Sakellaris described the quarter as "transformational," citing $1.2 billion of data center awards and $600 million of awards across the company's other markets. The company also completed its Neogenyx joint venture with HASI, brought major battery storage and solar projects online, and reorganized around two market pillars: Power Infrastructure and Buildings & Public Infrastructure. Record backlog led by Data Center awards. Ameresco said awarded project backlog rose 65% year over year to a record $4.4 billion, contributing to a 32% increase in total project backlog to $6.7 billion. Chief Financial Officer Mark Chiplock said the company expects to convert that backlog over the next three to four years, although timing will depend on commercial, permitting, procurement, financing and execution milestones. The company added three data center projects to awarded backlog during the quarter, bringing the total to five projects, excluding the Lemoore Data Center in its energy assets portfolio. The projects expanded Ameresco's data center footprint into Texas and Arizona and collectively represent more than 1 gigawatt of power generation, according to Co-President Nicole Bulgarino. The company's proposed solutions include reciprocating engines, gas turbines, fuel cells, battery energy storage systems and integrated microgrids. Bulgarino said Ameresco is concentrating on on-site power solutions and working with developers, operators, hyperscalers, capital providers and other participants in the data center ecosystem. During the question-and-answer session, Sakellaris said the projects currently included in awards represent only part of the potential scope. He said the current awards could grow to roughly $2 billion as development progresses and additional phases are defined. The company is also evaluating at least as many additional data center opportunities as the five currently in awarded backlog, he said. Ameresco said data center awards generally could move from the awarded category into contracted backlog within six to 24 months. Sakellaris said the company does not expect a major revenue contribution from the data center projects until 2028 through 2030, though there could be a smaller impact in 2027. Once contracted, large and complex projects may require up to three years of implementation, particularly where a data center campus is developed in multiple phases. Discover more MarketBeat Research Tools Chief Investment Officer Josh Baribeau said revenue from the data center work is expected to be recognized under the company's normal engineering, procurement and construction, or EPC, revenue model rather than through asset sales. Sakellaris said margins on the projects are expected to be similar to Ameresco's federal EPC work, in the high teens. Financial results and operating portfolio. Project revenue increased 6% to $381 million in the quarter, supported by federal and North American activity as well as the company's European joint venture. Energy asset revenue rose 21% to $76 million, while operations and maintenance revenue increased 29%. Ameresco placed an additional 32 megawatts into operation during the quarter. Its operating energy asset base reached 822 MW, with another 513 MW in development for construction. Those figures reflect Ameresco's 70% ownership interest in the Neogenyx joint venture. * Gross margin was 17.7%, improving both sequentially and from a year earlier. * Net income attributable to common shareholders was $9.7 million, or $0.18 per diluted share. * Non-GAAP earnings per share were $0.20. * Adjusted EBITDA increased 12% to $62.8 million. Chiplock said earnings per share reflected higher depreciation and interest expense related to growth in the energy asset portfolio, as well as a lower tax benefit and the non-controlling interest effect of the Neogenyx transaction. Capital position and guidance. Ameresco ended the quarter with $138 million in unrestricted cash and $385 million of total corporate debt. Corporate leverage was 3.2 times, below its 3.5-times covenant, Chiplock said. The company secured $471 million of new financing commitments during the quarter, including $400 million associated with Neogenyx. Sakellaris said the partnership with HASI has provided capital flexibility and has also generated additional development and potential project acquisition opportunities. Ameresco said it may consider another capital vehicle similar to Neogenyx to support large data center opportunities if the right partner and economics emerge, but it did not announce a specific transaction. The company reaffirmed its full-year 2026 guidance across its metrics and raised its non-GAAP earnings-per-share outlook to a range of $1.15 to $1.35. Chiplock said the increase reflects an expected tax benefit rate of 25% to 40%, supported by a planned second-half transition to a new accounting policy for transferable tax credits. Under the new approach, Ameresco expects to recognize investment tax credit benefits in the period in which they are generated rather than spreading the benefit across the life of related assets. Prior-period results will be recast once the policy is adopted. For the second half, Ameresco expects its typical seasonal pattern, with activity weighted somewhat more heavily toward the fourth quarter. The company said continued project execution, backlog conversion, cash conversion efforts and cost management will support its outlook. About Ameresco (NYSE:AMRC). Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients. Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas-to-energy, energy storage and microgrid installations. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Ameresco, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ameresco wasn't on the list. While Ameresco currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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