Willdan’s Subsidiary, Lime Energy, Wins $18 Million Contract to Support Glendale Water & Power’s Clean Energy Transformat...
June 07 2021 - 8:30AM
Business Wire
Willdan Group, Inc. (NASDAQ: WLDN) announced today that Glendale
Water & Power (GWP) has awarded Lime Energy, Willdan’s wholly
owned direct install subsidiary, an $18 million, seven-year
contract to support the City of Glendale’s clean energy
transformation. Through this contract, Lime Energy will deliver
36,500 MWh in energy savings by providing a combination of targeted
energy efficiency technologies, upgrades, and services for small
and large Glendale businesses. Lime Energy’s customer-focused
solution helps GWP’s commercial and industrial customers reduce
their energy usage through energy efficient improvements, making
GWP’s shift toward a clean energy future more feasible. Lime Energy
will provide marketing, sales, engineering, project implementation,
and customer support for a comprehensive mix of lighting and
non-lighting measures.
“We are committed to accelerating and ramping up our
sustainability efforts by providing a turnkey upgrade program for
our commercial and industrial business customers,” said John
Takhtalian, Interim General Manager of GWP. “This program helps our
customers meet their energy efficiency goals and helps GWP take
more steps toward a clean energy future.”
“We’re proud to be a part of Glendale Water & Power’s
cutting-edge approach to clean energy and to offer sustainability
and engineering expertise that directly benefits commercial and
industrial customers in the City of Glendale,” said Tom Brisbin,
Willdan’s CEO and Chairman. “This opportunity leverages the
capabilities we’ve assembled over the last several years, including
streamlined energy efficiency across small and large businesses,
energy engineering, and expertise implementing turnkey solutions to
achieve decarbonization goals.”
About Glendale Water & Power
Glendale Water & Power is
the City of Glendale’s water and electric utility. It provides
water to 34,091 customers in Glendale, California. The city-owned
utility also generates, transmits, and distributes electricity to
88,849 residential, commercial, and industrial customers. For more
information, visit www.GlendaleWaterAndPower.com
or follow GWP on Facebook
and Twitter.
About Lime Energy and Willdan
Lime Energy is Willdan’s wholly owned subsidiary and specializes
in the design and implementation of direct install energy
efficiency programs for utilities. 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 January 1, 2021.
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/20210607005213/en/
Willdan Group, Inc. Al
Kaschalk VP Investor
Relations 310-922-5643 akaschalk@willdan.com
Glendale Water & Power Atineh Haroutunian Marketing
Manager 818-548-3381 aharoutunian@glendaleca.gov
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