Ameresco Completes Strategic Sale of Applied Energy Group
January 9, 2025 - 01:22
FRAMINGHAM, Mass., January 08, 2025—Ameresco, Inc., a prominent player in the cleantech sector, has successfully finalized the divestiture of its Applied Energy Group (AEG) business. This strategic move is aimed at reinforcing the company's commitment to its core operations in energy efficiency and renewable energy solutions.
The sale, which was concluded at the end of the year, sees AEG, known for its expertise in energy technology and advisory services, transition to ICF, a respected global consulting and technology services provider. AEG boasts a team of over 100 specialists focused on utility management and demand-side energy strategies, making it a valuable addition to ICF's portfolio.
By divesting AEG, Ameresco plans to concentrate its resources and efforts on its primary business areas, ensuring enhanced innovation and growth in its cleantech initiatives. This decision is expected to foster a more streamlined operational focus, ultimately benefiting Ameresco's clients and stakeholders as it continues to lead in the energy sector.
MORE NEWS
February 24, 2026 - 21:58
Mpls Fed survey: Upper Midwest businesses report falling profits, tariff uncertaintyA recent survey conducted by the Federal Reserve Bank of Minneapolis reveals a concerning trend of falling profits across the Ninth District, which encompasses the Upper Midwest. Businesses from...
February 24, 2026 - 05:04
Widespread boil water advisory prompts businesses to closeA major boil water advisory has swept through the city, leading to the immediate closure of numerous restaurants, cafes, and other businesses reliant on safe tap water. City officials confirmed the...
February 23, 2026 - 18:50
NYC mayor threatens property tax hike, raising concerns for businessesA proposed property tax hike from New York City`s mayor is generating significant concern among the city`s business community. The initiative, aimed at addressing a substantial budget shortfall,...
February 23, 2026 - 12:25
Media Buying Briefing: Dentsu’s new CEO on how he’s going to grow the business againTakeshi Sano has assumed the role of global CEO at Dentsu, signaling a strategic shift for the advertising holding company. Sano brings a distinctly more outgoing and worldly approach to leadership...