Willdan Awarded New $10 Million PG&E Public Energy Efficiency Program
December 15 2020 - 8:30AM
Business Wire
Willdan Group, Inc. (NASDAQ: WLDN) announced today that Pacific
Gas and Electric Company (PG&E) has awarded a new energy
efficiency program to Willdan that serves K-12 public schools and
both local and federal government buildings. The
four-and-a-half-year, $10 million contract is one of PG&E’s
first programs to include both energy efficiency and integrated
demand-side management (IDSM) in a single customer offering. The
contract has a pay-for-performance structure that includes a
pathway for Normalized Metered Energy Consumption (NMEC) to support
energy savings measurement and verification for projects.
“We appreciate this opportunity to expand our services and
customer reach in PG&E’s territory,” said Tom Brisbin,
Willdan’s CEO and Chairman. “Our suite of proven analytics software
– including LoadSEER, B3, and NEO – will help us cost-effectively
reach the customers with the greatest savings potential and move
forward with highly efficient upgrades. With the 2018 acquisition
of Newcomb Anderson McCormick strengthening our California-based
public energy engineering experience, we can provide customers with
the technical experience they need to complete more complex
projects and move toward zero net energy.”
Willdan has partnered with key community organizations and
delivery partners to perform outreach. Willdan will leverage both
in-house technical expertise and an open network of Trade Pros to
deliver energy efficiency, demand response, energy management
technologies, and to evaluate customers’ potential for distributed
energy resources and electrification. The inclusion of IDSM
supports grid resiliency, which has become increasingly important
in light of California’s recent wildfires.
This latest contract award is one of several that Willdan
received in the California Investor-Owned Utilities’ new,
multi-stage competitive bidding process.
About Pacific Gas and Electric Company
Pacific Gas and Electric Company, a subsidiary of PG&E
Corporation (NYSE:PCG), is one of the largest combined natural gas
and electric energy companies in the United States. Based in San
Francisco, with more than 23,000 employees, the company delivers
some of the nation's cleanest energy to 16 million people in
Northern and Central California. For more information, visit
pge.com and pge.com/news.
About Willdan
Willdan 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.
Forward-Looking Statements
Statements 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 reduce costs and preserve liquidity to maintain
its operations during the continuation of this pandemic nor be able
to resume its growth trajectory once pandemic-related restrictions
are lifted and the economy begins to recover. 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, the ultimate impact of the COVID-19 pandemic on
Willdan’s results, prospects, and opportunities; 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, 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 27, 2019.
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/20201215005298/en/
Stacy McLaughlin Chief Financial Officer 714-940-6300
smclaughlin@willdan.com
Al Kaschalk VP Investor
Relations 310-922-5643 akaschalk@willdan.com
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