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Granite Joint Venture Team Awarded $97 Million Military Infrastructure Project in Guam

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Granite (NYSE:GVA) and Obayashi 's joint venture has secured a $97 million contract from the Naval Facilities Engineering Command (NAVFAC) for enhancing Battery Energy Storage System (BESS) capabilities at Polaris Point, Guam.

The Department of Defense-funded project involves constructing a 17,000 square foot facility to house battery energy storage and a microgrid controller. The BESS will integrate with the existing electrical grid to provide clean power to future Naval facilities.

The project will be included in Granite's first-quarter CAP. Construction is scheduled to begin March 20, 2025, with completion expected in June 2028.

Granite (NYSE:GVA) e la joint venture con Obayashi hanno ottenuto un contratto di 97 milioni di dollari dal Naval Facilities Engineering Command (NAVFAC) per potenziare le capacità del Battery Energy Storage System (BESS) a Polaris Point, Guam.

Il progetto, finanziato dal Dipartimento della Difesa, prevede la costruzione di una struttura di 17.000 piedi quadrati per ospitare lo stoccaggio di energia delle batterie e un controllore di microrete. Il BESS si integrerà con la rete elettrica esistente per fornire energia pulita alle future strutture navali.

Il progetto sarà incluso nel CAP del primo trimestre di Granite. La costruzione è prevista per iniziare il 20 marzo 2025, con completamento atteso per giugno 2028.

Granite (NYSE:GVA) y la empresa conjunta con Obayashi han asegurado un contrato de 97 millones de dólares del Naval Facilities Engineering Command (NAVFAC) para mejorar las capacidades del Battery Energy Storage System (BESS) en Polaris Point, Guam.

El proyecto, financiado por el Departamento de Defensa, implica la construcción de una instalación de 17,000 pies cuadrados para albergar el almacenamiento de energía de baterías y un controlador de microred. El BESS se integrará con la red eléctrica existente para proporcionar energía limpia a futuras instalaciones navales.

El proyecto se incluirá en el CAP del primer trimestre de Granite. La construcción está programada para comenzar el 20 de marzo de 2025, con finalización esperada en junio de 2028.

Granite (NYSE:GVA)와 Obayashi의 합작 투자로부터 9,700만 달러 계약을 Naval Facilities Engineering Command (NAVFAC)로부터 확보하였습니다. 이 계약은 괌 폴라리스 포인트에서 배터리 에너지 저장 시스템(BESS) 기능을 향상시키기 위한 것입니다.

이 프로젝트는 국방부 자금으로 진행되며, 배터리 에너지 저장소와 마이크로그리드 컨트롤러를 수용하기 위한 17,000 평방피트 시설을 건설하는 것을 포함합니다. BESS는 기존 전력망과 통합되어 향후 해군 시설에 청정 전력을 제공합니다.

이 프로젝트는 Granite의 첫 분기 CAP에 포함될 예정입니다. 건설은 2025년 3월 20일에 시작할 예정이며, 완료는 2028년 6월로 예상됩니다.

Granite (NYSE:GVA) et le partenariat avec Obayashi ont obtenu un contrat de 97 millions de dollars du Naval Facilities Engineering Command (NAVFAC) pour améliorer les capacités du Battery Energy Storage System (BESS) à Polaris Point, Guam.

Ce projet financé par le Département de la Défense implique la construction d'une installation de 17 000 pieds carrés pour abriter le stockage d'énergie par batterie et un contrôleur de micro-réseau. Le BESS s'intégrera au réseau électrique existant pour fournir de l'énergie propre aux futures installations navales.

Le projet sera inclus dans le CAP du premier trimestre de Granite. La construction devrait commencer le 20 mars 2025, avec une achèvement prévu en juin 2028.

Granite (NYSE:GVA) und das Joint Venture mit Obayashi haben einen Vertrag über 97 Millionen Dollar vom Naval Facilities Engineering Command (NAVFAC) zur Verbesserung der Kapazitäten des Battery Energy Storage System (BESS) am Polaris Point, Guam, erhalten.

Das vom Verteidigungsministerium finanzierte Projekt umfasst den Bau einer 17.000 Quadratfuß großen Einrichtung, die für die Speicherung von Batterien und einen Mikrogrid-Controller vorgesehen ist. Das BESS wird mit dem bestehenden Stromnetz integriert, um saubere Energie für zukünftige Marineeinrichtungen bereitzustellen.

Das Projekt wird im ersten Quartal CAP von Granite enthalten sein. Der Bau soll am 20. März 2025 beginnen, mit einer Fertigstellung, die für Juni 2028 erwartet wird.

Positive
  • Secured significant $97 million military contract
  • Strengthens presence in Pacific region and Guam market
  • Expands company's battery energy storage and microgrid portfolio
  • Full contract value to be included in Q1 CAP
Negative
  • Extended project timeline - 3+ years to completion (2025-2028)

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite (NYSE:GVA) announced today that the joint venture team comprised of Granite and Obayashi Corporation has been awarded an approximately $97 million contract by the Naval Facilities Engineering Command (NAVFAC) to improve the Battery Energy Storage System (BESS) capabilities at Polaris Point, Guam. Project funding comes from the Department of Defense (DOD), and as consolidating partner, the total contract award of $97 million will be included in Granite’s first-quarter CAP.

The project scope includes constructing a 17,000 square foot facility and associated site work to house battery energy storage and a microgrid controller. This BESS will be interconnected with the existing electrical grid to provide clean power to the future Naval facilities.

"This project will ensure our continued growth in the Pacific, specifically in Guam," said Curt Haldeman, Granite Vice President of Regional Operations. "It will boost our strategic advantage and enhance our battery energy storage and microgrid portfolio for Granite."

Granite remains committed to advancing solutions that support the Navy’s mission and contribute to a more sustainable and reliable energy infrastructure.

Construction is expected to begin March 20, 2025, and be completed in June 2028.

About Granite

Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, graniteconstruction.com, and connect with Granite on LinkedIn, X, Facebook, and Instagram.

Granite Contacts

Media

Erin Kuhlman - 831-768-4111

Investors

Wenjun Xu - 831-761-7861

Source: Granite

FAQ

What is the value of Granite's (GVA) new military contract in Guam?

Granite's joint venture with Obayashi was awarded a $97 million contract for a Battery Energy Storage System project at Polaris Point, Guam.

When will GVA begin construction on the Guam BESS project?

Construction is scheduled to begin March 20, 2025, with completion expected in June 2028.

What is the scope of Granite's (GVA) Guam military infrastructure project?

The project includes building a 17,000 square foot facility for battery energy storage and a microgrid controller, connecting to the existing electrical grid for Naval facilities.

How will the Guam contract impact GVA's financial reporting?

The full $97 million contract value will be included in Granite's first-quarter CAP as the consolidating partner.
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