Tetra Tech Awarded an Additional $85 Million from USAID to Strengthen Energy Security
June 20 2024 - 9:00AM
Business Wire
Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end
consulting and engineering services in water, environment and
sustainable infrastructure, announced today that the U.S. Agency
for International Development (USAID) has awarded the Company an
$85 million increase to its single-award contract to strengthen
energy security in the Republic of Moldova.
Through the USAID Moldova Energy Security Activity, Tetra Tech
is supporting the Government of Moldova to advance an independent,
sustainable, and clean energy sector that will help people power
their lives more efficiently and affordably. Tetra Tech’s energy
specialists will integrate an innovative, utility-scale battery
energy storage system into Moldova's electricity system to help
strengthen Moldova’s national power grid and facilitate greater
electricity trade with Romania, Ukraine, and the broader European
market.
“Our energy experts will use Tetra Tech’s Leading with Science®
approach to improve the flexibility and stability of Moldova’s
power grid,” said Dan Batrack, Tetra Tech Chairman and CEO. “A
stronger power grid will enable Moldova to deploy domestic
renewable energy resources and open opportunities to join European
energy markets, both of which are vital to the country’s long-term
energy security and sustainable economic growth.”
About Tetra Tech
Tetra Tech is the leader in water, environment, and sustainable
infrastructure, providing high-end consulting and engineering
services for projects worldwide. With 28,000 employees working
together, Tetra Tech provides clear solutions to complex problems
by Leading with Science® to address the entire water cycle, protect
and restore the environment, design sustainable and resilient
infrastructure, and support the clean energy transition. For more
information about Tetra Tech, please visit tetratech.com or follow
us on LinkedIn and Facebook.
Any statements made in this release that are not based on
historical fact are forward-looking statements. Any forward-looking
statements made in this release represent management’s best
judgment as to what may occur in the future. However, Tetra Tech’s
actual outcome and results are not guaranteed and are subject to
certain risks, uncertainties and assumptions ("Future Factors"),
and may differ materially from what is expressed. For a description
of Future Factors that could cause actual results to differ
materially from such forward-looking statements, see the discussion
under the section "Risk Factors" included in the Company’s Form
10-K and Form 10-Q filings with the Securities and Exchange
Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20240619467922/en/
Jim Wu, Investor Relations Charlie MacPherson, Media &
Public Relations (626) 470-2844
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