EPA Selects ICF for $94 Million in ENERGY STAR Services

Rhea-AI Summary

The U.S. Environmental Protection Agency has awarded ICF a $94 million blanket purchase agreement to support its ENERGY STAR® program for five years. The BPA includes a task order worth $5 million over four years. ICF has been a key partner to ENERGY STAR since its inception, providing technical support that has led to significant energy savings. In 2018, ENERGY STAR helped Americans save 430 billion kilowatt-hours of electricity, equating to $35 billion in energy costs and a reduction of 330 million metric tons of greenhouse gases.

Positive

• Awarded a $94 million BPA to support the ENERGY STAR program.
• Secured a $5 million task order as part of the BPA.
• Long-standing partnership with ENERGY STAR, enhancing company reputation.
• Contributions led to significant energy savings for consumers.

Negative

• None.

FAIRFAX, Va., Jan. 25, 2021 /PRNewswire/ -- The U.S. Environmental Protection Agency recently awarded global consulting and digital services provider ICF (NASDAQ:ICFI) a single-award re-compete blanket purchase agreement (BPA) to support the agency's ENERGY STAR® program. The BPA has a ceiling of $94 million and a term of five years, including a one-year base and four one-year options. ICF was also awarded its first task order valued at $5 million over four years, including a one-year base and three one-year options. 

ICF has supported ENERGY STAR since its inception, providing strategic, technical and analytical support for ENERGY STAR labeled products and residential, commercial and industrial programs. Under the BPA, the company will continue this work, bringing proven experience and expertise in innovative engineering, marketing and program administration services. 

In 2018 alone, ENERGY STAR and its partners helped Americans save nearly 430 billion kilowatt-hours of electricity and avoid $35 billion in energy costs, with associated emission reductions of 330 million metric tons of greenhouse gases.

"We're very proud of our ongoing support for ENERGY STAR and our role in establishing one of the nation's most recognized labels," said Anne Choate, ICF senior vice president and energy, environment and infrastructure lead. "We look forward to applying program experience, market insights and strong relationships with key stakeholders, including manufacturers, retailers and utilities, to achieve the program's current and future goals. We are thrilled to support EPA on this tremendously impactful program."

With over three decades of experience developing award-winning demand-side management and energy efficiency programs that touch every phase of the program lifecycle, ICF helps clients evolve to build better performing portfolios. Read more about ICF's energy and energy efficiency services. 

About ICF
ICF is a global consulting services company with over 7,000 full- and part-time employees, but we are not your typical consultants. At ICF, business analysts and policy specialists work together with digital strategists, data scientists and creatives. We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve their most complex challenges. Since 1969, public and private sector clients have worked with ICF to navigate change and shape the future. Learn more at icf.com.

Caution Concerning Forward-looking Statements
Statements that are not historical facts and involve known and unknown risks and uncertainties are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such statements may concern our current expectations about our future results, plans, operations and prospects and involve certain risks, including those related to the government contracting industry generally; our particular business, including our dependence on contracts with U.S. federal government agencies; our ability to acquire and successfully integrate businesses; and the effects of the novel coronavirus disease (COVID-19) and related federal, state and local government actions and reactions on the health of our staff and that of our clients, the continuity of our and our clients' operations, our results of operations and our outlook. These and other factors that could cause our actual results to differ from those indicated in forward-looking statements THAT are included in the "Risk Factors" section of our securities filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and we specifically disclaim any obligation to update these statements in the future.

Contact: Lauren Dyke, lauren.dyke@ICF.com, +1.571.373.5577

View original content to download multimedia:http://www.prnewswire.com/news-releases/epa-selects-icf-for-94-million-in-energy-star-services-301214257.html

SOURCE ICF

FAQ

What is the significance of ICF's recent $94 million BPA award from the EPA?

The $94 million BPA allows ICF to support the EPA's ENERGY STAR® program for five years, enhancing its role in energy efficiency.

How much is the task order associated with ICF's BPA from the EPA worth?

The task order linked to the BPA is valued at $5 million over four years.

What are the expected contributions of ICF to the ENERGY STAR program?

ICF will provide strategic and analytical support, utilizing its expertise to drive energy efficiency and effective program administration.

How has ENERGY STAR impacted energy savings according to ICF's press release?

In 2018, ENERGY STAR helped Americans save nearly 430 billion kilowatt-hours of electricity, translating to $35 billion in savings and reduced greenhouse gas emissions.

What is ICF's historical involvement with the ENERGY STAR program?

ICF has supported the ENERGY STAR program since its inception, contributing to its development and effectiveness.