ICF Wins Energy Efficiency Contracts from Several Northeast Utilities

Rhea-AI Summary

ICF (NASDAQ:ICFI) has secured multiple re-compete contracts valued in the multimillions from a consortium of Northeast utilities. These contracts will enable ICF to extend its design and implementation services for energy efficiency programs across residential, multifamily, and commercial buildings. The company will also provide training for workforce development aimed at enhancing industry standards. With over 30 years of experience, ICF is poised to deliver innovative solutions that drive energy savings in the utility sector.

Positive

• Secured multimillion-dollar contracts from Northeast utilities.
• Expansion of design and implementation services in energy efficiency.
• Focus on workforce development training to improve industry standards.

Negative

• None.

FAIRFAX, Va., Nov. 2, 2020 /PRNewswire/ -- ICF (NASDAQ:ICFI), a global consulting and digital services provider, was recently awarded several re-compete contracts with a combined multimillion dollar value by a consortium of Northeast utilities.

ICF will provide continued and expanded design and implementation services to support the utilities' new home construction and renovations programs for residential, multifamily and commercial and industrial metered buildings. Services will also include training to support workforce development and help transform the energy efficiency and building construction industries.

"We're proud of our work with this consortium and the contributions we have made toward their recognition as the nation's premier providers for new construction programs," said Mike Mernick, ICF senior vice president and energy market development lead. "We're excited for another opportunity to bring new and innovative program design ideas to them so they can bring even greater energy savings to their customers and communities."

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 utilities 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

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SOURCE ICF

FAQ

What contracts did ICF win on November 2, 2020?

ICF won several multimillion-dollar re-compete contracts from a consortium of Northeast utilities to provide energy efficiency services.

How will the new contracts impact ICF's services?

The new contracts will expand ICF's design and implementation services for home construction and renovations, focusing on energy efficiency across various building types.

What is ICF's expertise in energy efficiency?

ICF has over three decades of experience in developing demand-side management and energy efficiency programs that cover every phase of the program lifecycle.