Ameresco, Inc.

Good day, and thank you for standing by. Welcome to the AmeriESCO Q3 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone, and then you'll hear the automated message advising you that your hand is raised. Please be advised that today's conference call is being recorded. I would not like to hand the conference call over to your speaker today, Lela Dillon, SVP of Marketing. Please go ahead.

Thank you, Haley, and good afternoon, everyone. We appreciate you joining us for today's call. Joining me here are George Sakolaris, Amoresco's Chairman, President, and Chief Executive Officer. Doran Holt, Executive Vice President and Chief Financial Officer. and Mark Shiplock, Senior Vice President and Chief Accounting Officer. Before I turn the call over to George, I would like to make a brief statement regarding forward-looking remarks. Today's earnings materials contain forward-looking statements, including statements regarding our expectations. All forward-looking statements are subject to risks and uncertainties. Please refer to today's earnings materials, the Safe Harbor language on slide 2, and our SEC filings for a discussion of the major risk factors that could cause our actual results to differ from those in our forward-looking statements. In addition, we use several non-GAAP measures when presenting our financial results. We have included these reconciliations to these measures in our supplemental financial information. I will now turn the call over to George. George?

Thank you, Lila. And good afternoon, everyone. I am pleased to report that the MRESCO team delivered another quarter of excellent performance with growth across all four of our business lines, driving an impressive increase in revenue and profits. We have made great progress since we met at our investor day at the end of March. We continue to expand our addressable markets both domestically and internationally. You will notice that an increasing number of our projects and assets incorporate more comprehensive advanced technologies such as energy storage systems and complex microgrids. In addition, we are deploying smart solutions for buildings, lighting, and water systems. Our recently awarded critical microgrid projects at both Fort Campbell at the White Sands missile range and our 92 million joint base McGuire energy savings performance contract are great examples of our latest advanced technologies projects supporting the federal customers energy security strategy. And on the asset side, We recently announced a combined 5 megawatt PV and 15 megawatt-hour battery energy storage system at Colorado Mountain College, which will be the largest subsystem in the state of Colorado. We also continue to expand our business in Europe, where there is a pressing need for clean energy solutions given the geopolitical situation and spiking energy prices. In the third quarter, we were selected together with a local partner as a contractor for a hundred megawatt PV project in Drama, Greece. This represents the largest project for us in continental Europe and we believe it's only the beginning. We are aggressively pursuing multiple other opportunities and we expect to grow in Europe both organically and through strategic partnerships and acquisitions. Recent R&D market activity demonstrates the growing interest and importance of this asset class with significant investment and acquisition activity. MRSCO is one of the most experienced players in the biogas industry with a large portfolio of operating assets and a robust development pipeline. Justice Corps We added two RNG plans to our assets in development. We believe that RNG is an important clean tech solution and will continue to be a significant value driver for Amoresco's shareholders. We also believe the Inflation Reduction Act, or IRA, which was enacted in the third quarter, will be the most impactful environmental legislation affecting the company's long-term performance since our founding. The IRA provides unprecedented amounts of clean energy incentives to ensure energy security, reduce carbon emissions, increase energy innovation, and support environmental justice objectives. The bill includes a wide range of clean energy provisions that support energy efficiency, solar, energy storage, microgrid, electric vehicles, and more, with the goal of reducing U.S. carbon emissions by approximately 40% by 2030. This legislation not only creates a 10 year runway for many energy tax incentives, but it also fundamentally revises the tax code to create a technology neutral approach to incentivize the development of zero emission technologies. Some specific provisions that will have a direct impact on our business include Production tax credits for renewable or zero-carbon electricity and clean hydrogen. Investment tax credits for clean electricity and energy projects, including standalone energy storage, biogas, microgrids, and geothermal heating and cooling. Clean vehicle and charging infrastructure tax credits, as well as carbon capture credits. It also expands the 179D energy efficiency tax reduction. While everyone is still evaluating the breadth and depth of the incentives, grants, and other benefits from this bill, we do expect it to be a great long-term tailwind for our business. We have already identified a number of ways this bill will directly benefit our customers in Amoresco. With our customized solutions ranging from solar, microgrids, and battery energy storage to renewable natural gas and electric vehicle infrastructure, along with our innovative finance structures, Maresco is well positioned to be a long-term industry partner and key beneficiary of this legislation. Based on our experience with similar federal legislation, though, We anticipate these benefits will take some time to materialize. Now, I would like to provide an update on the Southern California Aerosol Project. We made continued progress in the quarter with all battery cells and containers on site and early commissioning steps underway. Recently, however, Southern California Aerosol instructed us to adjust the project schedules into 2023. Under the terms of the contract, we are entitled to recover costs associated with the schedule adjustment. We are working with Southern California Arison to analyze and estimate these costs. We are also continuing discussions regarding the applicability and scope of any force majeure relief. Considering the schedule adjustments requested by Southern California Arison and the delays disclosed earlier, We anticipate the projects to be in service and achieve substantial completion prior to the summer of 2023. Our relationship with Southern California Airlines continues to be very cooperative. I would now like to highlight that in the third quarter, we were honored to become a Great Place to Work certified company for the first time. This designation is based entirely on employee input, making it even more meaningful as it reflects the positive experience of our over 1,300 employees. Hiring and retention is critical to the company's growth, and we will continue to strive to make Maresco a great place for our employees to work. ensuring that we attract and retain the best and brightest in the industry. I will now turn over the call to Doran to provide some comments on our financial performance. Doran?