in Barcelona
3 to 5 Nov 2026
Ameresco, Inc. (NYSE: AMRC), the energy infrastructure company based in Framingham, Massachusetts, announced on 26 October 2026 that it has completed a $5.9 million advanced metering infrastructure (AMI) project that replaced more than 8,000 water meters for the City of Mustang, Oklahoma, a community in Canadian County with 19,879 residents at the 2020 census. Construction took five months against an original schedule of 10 months, according to the Ameresco press release, and the project was included in the company’s contracted backlog as of 30 June 2026.
The scope is a citywide conversion to meters read remotely, replacing manual reading with data collected through the AMI system.
From Investment Grade Audit to Five-Month Installation
The project began with an Investment Grade Audit, in which Ameresco assessed the existing water system and the implementation options before the City committed, and Ameresco then managed installation and coordination with stakeholders. The audit-first sequence means the contractor developed the project from its own technical and financial assessment of the water system.
At $5.9 million for more than 8,000 meters, the contract value works out to less than $737.50 per meter, a ceiling derived here from the published figures, on the assumption that the contract value covers the whole scope.
What the City Receives for the Contract Value
According to Ameresco, the system provides automated remote meter reading, usage data that helps staff spot unusual consumption and possible leaks, streamlined billing and customer service, and a resident customer portal for viewing water consumption. The company supplied these descriptions, and the release gives no dollar or percentage savings for Mustang.
The completed schedule is the measurable result in the announcement, because a five-month build against a 10-month plan reduces the period during which a city runs mixed manual and automated reading.
Comparable Deployments in Texas Report Accuracy Gains
Ameresco’s announcement for the City of Cleveland, Texas in May 2025 described a similar conversion in which failed and aged meters were replaced with solid-state units and others were retrofitted with AMI radios. The company estimated that meter accuracy would rise from 90.7% to 98.5% and that the project would generate more than $2.5 million in positive cash flow for the city over 15 years, estimates supplied by Ameresco and not audited independently.
That project also included a customer portal and integration with the city’s existing billing software, and it is a closer benchmark for the revenue case behind Mustang’s contract than the delivery schedule alone. Ameresco also announced a water meter replacement agreement with the City of Hurst, Texas in March 2025.
The Performance Data Mustang Will Now Generate
With the meters installed, the figures that will determine whether the $5.9 million produces a return are the share of non-revenue water the City recovers through leak detection and the change in billed volume after the conversion, both of which the system’s usage data and customer portal are designed to track. Cleveland’s estimate of accuracy rising from 90.7% to 98.5% sets the comparison that Mustang’s first full billing year of AMI data can be tested against.
