Ameresco, Inc. (AMRC), Tuesday announced a collaboration with Juneau Hydropower, Inc. to develop, construct and operate a 19.8 megawatt hydroelectric facility at Sweetheart Lake.
The new project is expected to provide a 20 percent increase in baseload clean hydropower over Juneau's current electrical generation.
"This multi-faceted project is a major milestone for both Alaska, Juneau Power and Ameresco," said Nicole Bulgarino, President of Federal Solutions and Utility Infrastructure at Ameresco.
In the pre-market hours, AMRC is trading at $16.49, up 2.61 percent on the New York Stock Exchange.
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