Massachusetts Lieutenant Governor Karyn Polito participates in ribbon cutting ceremony

WAREHAM, MA – August 21, 2018 – Ameresco, Inc., (NYSE:AMRC), a leading energy efficiency and renewable energy company, BlueWave Solar (“BlueWave”), and state and local officials today celebrated two recently completed solar projects in Southeastern Massachusetts with a ribbon cutting ceremony at a 10.2 megawatt (MW) solar farm in Wareham. Massachusetts Lieutenant Governor Karyn Polito, Massachusetts State Senator Marc Pacheco, New Bedford Housing Authority Executive Director Steve Beauregard, and representatives from the Town of Wareham participated in the event. The full project consists of the 10.2 MW solar farm across four sites in Wareham, MA, and a 6.0 MW solar farm in Mattapoisett, MA. Both projects will help provide revenue to support five public housing authorities in Massachusetts.

“Ameresco is once again proud to have partnered with BlueWave Solar to deliver these solar farms, which are an environmental and economic win-win for our local public housing authorities, their residents, and the Commonwealth of Massachusetts,” said Michael T. Bakas, Executive Vice President, Ameresco. “These projects deliver much needed revenue to the housing authorities in support of their core mission of providing housing to their citizens, while allowing them to play a key role in the development of solar PV in the Commonwealth.”

“In continuing our longstanding partnership, BlueWave and Ameresco are building quality solar projects and bringing clean, renewable energy to more communities around the Commonwealth,” said Eric Graber-Lopez, Co-Founder and President of BlueWave Solar. “These projects in Wareham and Mattapoisett will not only bring long-term revenue to the public housing authorities in the area, but they serve as a tremendous boost to the clean energy economy in Massachusetts. That’s good news for the environment and local communities.”

The two solar farms are owned by Ameresco and were codeveloped by BlueWave. Under 20-year agreements, annual payments will be made to the public housing authorities of Fairhaven, Mattapoisett, New Bedford, Kingston, and Plymouth. As a result of the solar projects, the housing authorities will receive these benefits over the next 20 years in support of providing housing to their citizens.

At Mattapoisett an Eversource right of way runs adjacent to the project site and serves as the point of interconnection. At Wareham, the Eversource right of way bisects the four arrays. More than 47,000 solar photovoltaic modules were used in the projects.

The solar farms are expected to reduce carbon emissions by 16,276 metric tons of CO2 annually which is the equivalent of planting more than 19,000 acres of U.S. forests or taking 3,485 passenger cars off the road. Emission reductions were estimated using the U.S. Environmental Protection Agency (EPA) Greenhouse Gas Equivalencies Calculator.

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About BlueWave Solar

BlueWave is a B Corp on a mission to revolutionize energy with simple, powerful solar solutions. For homeowners who can install rooftop solar, we offer innovative loan financing through installers in MA, RI, NY, SC, NC, and FL. In addition, BlueWave is the only company offering AllBlue, which combines rooftop and community solar to deliver savings on 100% of customers’ energy use. Our solar management platform enables installers to make BlueWave loans and community solar accessible to more residents and businesses, while conveniently serving customers.

Pioneering developers of community solar farms in Massachusetts, BlueWave has developed and built more than 135 MW of projects to date and now provides community solar power access to thousands of customers, both through our own solar farms and through farms developed by others. To learn more about BlueWave, named one of the 20 fastest-growing companies in Massachusetts by the Inc. 5000, visit bluewavesolar.com.

About Ameresco

Founded in 2000, Ameresco, Inc. (NYSE: AMRC) is a leading independent provider of comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include upgrades to a facility’s energy infrastructure and the development, construction and operation of renewable energy plants. Ameresco has successfully completed energy saving, environmentally responsible projects with federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.

The announcement of a customer’s entry into an agreement is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s overall total assets in development or operation. These projects were included in our previously reported assets in development as of June 30, 2018.

For the second consecutive year, BlueWave Solar, a Boston-based community solar developer and residential solar finance company, has been named to Inc. Magazine’s list of the top 5,000 fastest-growing private companies in America.

(Boston, Massachusetts – August 15, 2018) For the second consecutive year, BlueWave Solar has been named to Inc. Magazine’s list of the top 5,000 fastest-growing private companies in America. The exclusive annual list represents the most comprehensive look at a critical segment of the economy — America’s independent-minded entrepreneurs.

 “It is truly an honor to be named to the Inc. 5000 list for a second consecutive year,” said Trevor Hardy, BlueWave’s CEO and co-founder. “Since 2012, BlueWave has worked hard to deliver innovative solar solutions to our partners and customers. Over the past year, our team has nearly doubled in size while vastly expanding the range of residential loan and community solar products and services we offer. We are also incredibly proud of our certification as a B Corp, joining leading socially responsible companies in a commitment to transparency and accountability. Our ability to scale quickly while staying true to our core values is unquestionably our greatest accomplishment.”

BlueWave is ranked #1449 overall on the Inc. 5000 list, also ranking #41 out of 94 energy companies, #13 out of 31 Boston-based companies and #30 out of 147 Massachusetts-based companies.

The 2018 Inc. 5000, unveiled online at Inc.com, is one of the most competitive crops in the list’s history. Collectively, the companies on this year’s list amassed $206.2 billion in revenue in 2017, up 158 percent from $79.8 billion in 2014. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.

The announcement comes just one year after BlueWave made the list for the first time in 2017 as America’s #585th fastest growing private company. BlueWave was also recognized in Boston Business Journal’s Fast 50 in 2017 and 2018 as one of Boston’s fastest growing companies.

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About the Inc. 5000 Selection Process

Companies on the 2018 Inc. 5000 are ranked according to percentage revenue growth from 2014 to 2017. To qualify, companies must have been founded and generating revenue by March 31, 2014. They must be U.S.-based, privately held, for-profit, and independent–not subsidiaries or divisions of other companies–as of December 31, 2017. (Since then, some on the list have gone public or been acquired.) The minimum revenue required for 2014 is $100,000; the minimum for 2017 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Note: Growth rates used to determine company rankings were calculated to two decimal places. There were two ties on this year’s Inc. 500; the companies with more revenue were placed higher.

About BlueWave Solar:

BlueWave is a B Corp on a mission to revolutionize energy with simple, powerful solar solutions. For homeowners who can install rooftop solar, we offer innovative loan financing through installers in MA, RI, NY, SC, NC, and FL. In addition, BlueWave is the only company offering AllBlue, which combines rooftop and community solar to deliver savings on 100% of customers’ energy use. Our solar management platform enables installers to make BlueWave loans and community solar accessible to more residents and businesses, while conveniently managing customers.

Pioneering developers of community solar farms in Massachusetts, BlueWave has developed and built more than 135 MW of projects to date and now provides community solar power access to thousands of customers, both through our own solar farms and through farms developed by others. To learn more about BlueWave, named one of the 20 fastest-growing companies in Massachusetts by the Inc. 5000, visit bluewavesolar.com or follow us on Twitter, Facebook, LinkedIn, or Instagram at @BlueWaveSolar.