NV5 Awarded $13 Million Clean Energy and Energy Efficiency Contracts
May 25 2023 - 8:00AM
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a
provider of technology, conformity assessment, and consulting
solutions, announced today that it has been awarded $13 million in
clean energy and energy efficiency contracts by government agencies
and utility clients. NV5 will provide consulting, owner
representation, and inspection services to support energy savings,
renewable energy conversion, and energy efficiency initiatives for
clients as follows.
The Defense Logistics Agency awarded NV5 a five-year, $6 million
contract to decarbonize and improve the resilience of Department of
Defense installations and other Federal facilities around the
world.
NV5 was also awarded a three-year, $5 million contract by the
Massachusetts Department of Energy Resources to provide technical
consulting services for the development of new residential,
multifamily, and industrial energy efficiency programs.
In California, San Rafael City Schools selected NV5 for a $1.3
million owner representation and special inspections contract to
support a district-wide solar photovoltaic conversion project. NV5
was also selected by an electrical utility in New Jersey to provide
$1.1 million in program design services for electric and gas energy
efficiency and demand response programs.
“The transition to cleaner forms of energy and more efficient
use of that energy results in reduced emissions, cost savings, and
increased resilience of the electrical grid, and NV5 is pleased to
contribute to our clients’ clean energy conversion,” said Dickerson
Wright, PE, Chairman and CEO of NV5. “As part of our focus on
technology services, clean energy and energy efficiency are some of
NV5’s fastest-growing offerings, and we anticipate that the market
for these services will continue to accelerate as regulatory
requirements, supply chain pressures, and corporate social
responsibility drive demand.”
About NV5NV5 Global, Inc. (NASDAQ: NVEE) is a
provider of technology, conformity assessment, and consulting
solutions for public and private sector clients supporting utility,
infrastructure, and building assets and systems. The Company
primarily focuses on six business verticals: utility services,
infrastructure engineering, testing, inspection & consulting,
buildings & program management, environmental health sciences,
and geospatial technology services. NV5 operates out of more than
100 offices nationwide and abroad. For additional information,
please visit the Company’s website at www.NV5.com. Also visit the
Company on Twitter, LinkedIn, Facebook, and Vimeo.
Forward-Looking StatementsThis press release
contains “forward-looking statements” within the meaning of the
safe harbor provisions of the U.S. Private Securities Litigation
Reform Act of 1995. The Company cautions that these statements are
qualified by important factors that could cause actual results to
differ materially from those reflected by the forward-looking
statements contained in this news release. Such factors include:
(a) changes in demand from the local and state government and
private clients that we serve; (b) general economic conditions,
nationally and globally, and their effect on the market for our
services; (c) competitive pressures and trends in our industry and
our ability to successfully compete with our competitors; (d)
changes in laws, regulations, or policies; and (e) the “Risk
Factors” set forth in the Company’s most recent SEC filings. All
forward-looking statements are based on information available to
the Company on the date hereof, and the Company assumes no
obligation to update such statements, except as required by
law.
Investor Relations ContactNV5 Global, Inc. Jack
CochranVice President, Marketing & Investor RelationsTel:
+1-954-637-8048Email: ir@nv5.com
Source: NV5 Global, Inc.
NV5 Global (NASDAQ:NVEE)
Historical Stock Chart
From Jun 2024 to Jul 2024
NV5 Global (NASDAQ:NVEE)
Historical Stock Chart
From Jul 2023 to Jul 2024