Salt River Project Selects Willdan’s LoadSEER Software to Support Planning, Grid Modernization, and DER Integration
October 09 2018 - 8:00AM
Business Wire
Willdan Group, Inc. (NASDAQ: WLDN) announced today that Salt
River Project (SRP), a community-based, not-for-profit public power
utility and the largest provider of electricity in the greater
Phoenix metropolitan area, has selected LoadSEER to deliver
foundational load and distributed energy resource (DER) planning as
part of its grid modernization strategy. LoadSEER is the flagship
software application of Willdan’s software unit, Integral
Analytics. This five-year contract was signed on September 26 and
provides SRP, as the first utility in Arizona to utilize LoadSEER,
access to more granular network intelligence, while allowing the
utility to efficiently invest in its distribution network, based on
in-depth analysis of evolving customer energy use patterns and the
emerging impact of solar, storage, and electric vehicles.
“LoadSEER will add a critical analytics layer to our
capabilities, empowering our team to meet distributed energy
resource integration and grid modernization objectives as part of
SRP’s 2035 Sustainability Goals,” said John Coggins, SRP’s
Associate General Manager and Chief Power System Executive.
“LoadSEER will leverage our investments in data acquisition,
telemetry, metering, and customer programs to more precisely
understand how to serve our customers’ needs with a changing mix of
resources at the lowest possible cost.”
“LoadSEER addresses the complexity and risks in grid planning
unique to Arizona, such as the volatility of solar production and
the rapid electric load growth in many areas,” said Tom Brisbin,
Willdan’s Chairman and CEO. “With LoadSEER, SRP can pursue the
optimal mix of resources to serve customers reliably at every point
on their network.”
About Salt River Project (SRP)SRP, which has been serving
central Arizona since 1903 as the oldest multipurpose federal
reclamation project in the United States, today is one of the
nation’s largest public power utilities. SRP provides electricity
to more than 1 million retail customers in a 2,900-square-mile
service area that spans three Arizona counties, including most of
the metropolitan Phoenix area. An integrated utility providing
generation, transmission, distribution, metering and billing
services, SRP is also the largest raw water supplier in the Phoenix
area, delivering about 800,000 acre-feet annually to agricultural,
urban and municipal water users. To learn more about SRP, please
visit www.srpnet.com.
About WilldanWilldan is a nationwide provider of
professional technical and consulting services to utilities,
government agencies, and private industry. Willdan’s service
offerings span a broad set of complementary disciplines that
include electric grid solutions, energy efficiency and
sustainability, engineering and planning, and municipal financial
consulting. For additional information, visit Willdan's website at
www.willdan.com.
About Integral AnalyticsIntegral Analytics, a unit of
Willdan Group, Inc., provides trusted software products that merge
economics and engineering to deliver statistically-robust
forecasting and valuation analytics through which over 40 utilities
and distributed energy resource owners make optimized financial and
engineering decisions. More information is available
at: www.integralanalytics.com.
Forward-Looking StatementsStatements in this press
release that are not purely historical, including statements
regarding Willdan's intentions, hopes, beliefs, expectations,
representations, projections, estimates, plans or predictions of
the future are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. The
forward-looking statements involve risks and uncertainties
including, but not limited to, the risk that Willdan will not be
able to expand its services or meet the needs of customers in
markets in which it operates. It is important to note that
Willdan’s actual results could differ materially from those in any
such forward-looking statements. Factors that could cause actual
results to differ materially include, but are not limited to,
Willdan’s ability to adequately complete projects in a timely
manner, Willdan’s ability to compete successfully in the highly
competitive energy efficiency services market, changes in state,
local, and regional economies and government budgets, Willdan’s
ability to win new contracts, to renew existing contracts
(including with its two largest customers) and to compete
effectively for contract awards through bidding processes and
Willdan’s ability to successfully integrate its acquisitions and
execute on its growth strategy. Willdan’s business could be
affected by a number of other factors, including the risk factors
listed from time to time in Willdan’s reports filed with the
Securities and Exchange Commission, including, but not limited to,
the Annual Report on Form 10-K filed for the year ended December
29, 2017. Willdan cautions investors not to place undue reliance on
the forward-looking statements contained in this press release.
Willdan disclaims any obligation to, and does not undertake to,
update or revise any forward-looking statements in this press
release.
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version on businesswire.com: https://www.businesswire.com/news/home/20181009005558/en/
Willdan Group, Inc.Stacy McLaughlin, 714-940-6300Chief
Financial Officersmclaughlin@willdan.comorInvestor/Media
ContactFinancial Profiles, Inc.Tony Rossi,
310-622-8221trossi@finprofiles.com
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