Ameresco signs $892M EPCM contract with SCE for 537.5 MW battery storage

Ameresco, Inc.

Three BESS facilities totaling 537.5 MW (2.15 GWh) at SCE substations in CA; total EPC price ~$892M.
Guaranteed completion by August 1, 2022; liquidated damages if delayed (0.015%-0.4% daily, capped at 10% per facility).
Availability guarantee of 97% for initial 2 years; SCE option to extend up to 13 more years.
Contract signed after Q3 close, no Q3 impact; financial update on Nov 1 earnings call.

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