The Data Center Boom That's Hiding in Plain Sight The latest quarterly earnings report from Ameresco has sent shockwaves through the energy infrastructure sector. On paper, it's a resounding success: $1.
8 billion in new project awards, including a staggering $1. 2 billion tied to data center power projects, with a total backlog climbing 32% year over year to a record $6. 73 billion.
Beneath this facade lies a cash flow problem that warrants closer examination. The data center sector has been the primary driver of Ameresco's growth in recent quarters.