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November 1 , 2021 AMERESCO Green Clean Sustainable Ameresco Reports Third Quarter 2021 Financial Results - Diversified Model and Favorable Business Mix Drive Profit Growth - Significant Growth in Awarded Backlog - - Announced Transformational Battery Storage Design / Build Contract - - Raising FY21 Guidance Ranges - Third Quarter 2021 Financial Highlights : Revenues of $ 273.7 million Net income of $ 17.4 million and GAAP EPS of $ 0.33 • Non - GAAP net income of $ 21.9 million , up 18 % year - over - year Non - GAAP EPS of $ 0.41 , up 8 % • Adjusted EBITDA of $ 40.2 million , up 9 % FRAMINGHAM , Mass .-- ( BUSINESS WIRE ) -- Ameresco , Inc. ( NYSE : AMRC ) , a leading cleantech integrator specializing in energy efficiency and renewable energy , today announced financial results for the fiscal quarter ended September 30 , 2021. The Company has also furnished supplemental information in conjunction with this press release in a Current Report on Form 8 - K . The supplemental information includes non - GAAP financial metrics and has been posted to the " Investor Relations " section of the Company's website at www.ameresco.com . " Third quarter results demonstrated the strength and resiliency of our diversified business model , as a favorable business mix resulted in profit growth , despite supply chain disruptions and COVID - 19 related delays in our Projects line of business . Our higher margin recurring Energy Asset revenue increased by nearly 30 % as we continued to add new assets to our expanding operating portfolio . Together with our O & M business , these groups provide over two thirds of our Adjusted EBITDA along with over $ 2 billion in long term revenue visibility , " said George P. Sakellaris , President and Chief Executive Officer . " A key takeaway from our third quarter performance was the acceleration of our business development activities , which we expect to support Ameresco's continued growth in the periods ahead . Our awarded backlog at the end of the third quarter increased 11 % sequentially and 31 % compared to last year , and we experienced robust bidding activity across our entire platform of advanced technology solutions . In late October , we announced a transformational contract to provide a 537.5 MW / 2.150 GWh multisite battery energy storage system ( BESS ) for Southern California Edison ( SCE ) . This design / build project will deliver increased grid reliability to areas that have felt the impact of extreme weather in California . It represents the largest contract in Ameresco's