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NV5 Awarded $14 Million to Advance Global AI-Driven Data Center Infrastructure; Exceeds a Gigawatt of Data Center Design and Modeling in 2024

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NV5 Global has secured $14 million in contracts for global data center infrastructure development. The company will focus on enhancing scalability and efficiency in both new construction and retrofitting existing data centers to handle AI-driven workload demands. NV5 has exceeded one gigawatt in data center MEP design and CFD analysis globally through September 2024. Through their services, NV5 has helped clients unlock approximately 300MW of additional computing capacity in 2024, equivalent to powering 100,000 homes.

NV5 Global ha ottenuto 14 milioni di dollari in contratti per lo sviluppo dell'infrastruttura dei data center a livello globale. L'azienda si concentrerà sul miglioramento della scalabilità e dell'efficienza sia nella costruzione di nuovi impianti che nella ristrutturazione dei data center esistenti per far fronte alle richieste di carico di lavoro alimentate dall'IA. Fino a settembre 2024, NV5 ha superato un gigawatt nella progettazione MEP dei data center e nell'analisi CFD a livello globale. Attraverso i loro servizi, NV5 ha aiutato i clienti a sbloccare circa 300MW di capacità di calcolo aggiuntiva nel 2024, equivalente a fornire energia a 100.000 abitazioni.

NV5 Global ha obtenido 14 millones de dólares en contratos para el desarrollo de la infraestructura de centros de datos a nivel global. La empresa se enfocará en mejorar la escalabilidad y la eficiencia tanto en la construcción de nuevos centros como en la remodelación de los existentes para manejar las demandas de carga de trabajo impulsadas por la IA. Hasta septiembre de 2024, NV5 ha superado un gigavatio en el diseño MEP de centros de datos y en análisis CFD a nivel global. A través de sus servicios, NV5 ha ayudado a los clientes a liberar aproximadamente 300MW de capacidad de computación adicional en 2024, equivalente a abastecer 100,000 hogares.

NV5 Global은 글로벌 데이터 센터 인프라 개발을 위해 1,400만 달러의 계약을 체결했습니다. 이 회사는 AI 기반의 작업 부하 요구를 처리하기 위해 새로운 건설과 기존 데이터 센터의 개조에서 확장성과 효율성을 향상시키는 데 집중할 것입니다. 2024년 9월까지 NV5는 전 세계적으로 데이터 센터 MEP 설계 및 CFD 분석에서 1기가와트를 초과했습니다. NV5의 서비스를 통해 고객들은 2024년에 추가로 300MW의 컴퓨팅 용량을 확보했고, 이는 100,000가구에 전력을 공급하는 것과 같습니다.

NV5 Global a sécurisé des contrats d'une valeur de 14 millions de dollars pour le développement de l'infrastructure des centres de données à l'échelle mondiale. L'entreprise se concentrera sur l'amélioration de la scalabilité et de l'efficacité tant dans la construction de nouveaux centres que dans la rénovation de ceux existants pour répondre aux exigences de charge de travail alimentées par l'IA. Jusqu'en septembre 2024, NV5 a dépassé un gigawatt dans la conception MEP des centres de données et l'analyse CFD à l'échelle mondiale. Grâce à leurs services, NV5 a aidé ses clients à libérer environ 300MW de capacité de calcul supplémentaire en 2024, ce qui équivaut à fournir de l'énergie à 100 000 foyers.

NV5 Global hat Verträge im Wert von 14 Millionen Dollar für die Entwicklung der globalen Datenzentrum-Infrastruktur gesichert. Das Unternehmen wird sich darauf konzentrieren, sowohl neue Bauprojekte als auch die Nachrüstung bestehender Datenzentren zu optimieren, um den durch KI bedingten Arbeitslastanforderungen gerecht zu werden. Bis September 2024 hat NV5 weltweit ein Gigawatt im Bereich MEP-Design für Datenzentren und CFD-Analysen überschritten. Mit ihren Dienstleistungen hat NV5 Kunden geholfen, 2024 zusätzliche 300MW an Rechenkapazität freizusetzen, was der Energieversorgung von 100.000 Haushalten entspricht.

Positive
  • Secured $14 million in new data center infrastructure contracts
  • Achieved over 1 GW in data center design and modeling capacity
  • Unlocked 300MW of additional computing capacity for clients
Negative
  • None.

Insights

The $14 million contract wins and milestone of exceeding 1 GW in data center design work represent significant momentum in NV5's AI infrastructure business. The ability to unlock 300MW of additional computing capacity through optimization demonstrates strong value proposition in an exponentially growing market segment. With data centers being critical infrastructure for AI deployment, NV5's expertise in MEP design and CFD analysis positions them well to capture increased spending as companies rush to build AI-ready facilities.

The focus on efficiency and sustainability through advanced modeling capabilities addresses a critical industry challenge, as AI workloads significantly increase power and cooling demands. The contracts suggest NV5 is successfully positioning itself as a key player in the AI infrastructure buildout, which could drive sustained growth as the AI computing boom continues.

HOLLYWOOD, Fla., Nov. 05, 2024 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, certification, and consulting solutions, announced today that it has been awarded $14 million in recent contracts to support the global development of data center infrastructure. Under the scope of these awards, NV5 will support the scalability and efficiency of new construction and the retrofitting of existing data centers in response to the heightened electrical and cooling pressures of AI-driven workloads.

NV5 also announced that it has surpassed a gigawatt (GW) in data center mechanical, electrical, and plumbing (MEP) design and computational fluid dynamics (CFD) analysis globally through September of this year. MEP design and CFD analysis work in concert to deliver optimal cooling performance, thermal dynamics, and energy efficiency for sustainable data center infrastructure.

“The expansion of our data center business continues to accelerate, and we are pleased to contribute to efficient, sustainable energy use in our clients’ operations,” said Ben Heraud, Chief Executive Officer of NV5. “In 2024, NV5’s GW of AI data center design and modeling has helped our clients unlock approximately 300MW of additional computing capacity, or roughly the amount of energy required to power 100,000 homes.”

About NV5
NV5 Global, Inc. (NASDAQ: NVEE) is a provider of technology, certification, and consulting solutions for public and private sector clients supporting utility, infrastructure, and building assets and systems. The Company primarily focuses on six business verticals: Utility services, infrastructure engineering, construction quality assurance, buildings & technology, environmental health sciences, and geospatial services. NV5 operates out of more than 100 offices nationwide and abroad. For additional information, please visit the Company’s website at www.NV5.com. Also visit the Company on Twitter, LinkedIn, Facebook, and Vimeo.

Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained in this news release. Such factors include: (a) changes in demand from the local and state government and private clients that we serve; (b) general economic conditions, nationally and globally, and their effect on the market for our services; (c) competitive pressures and trends in our industry and our ability to successfully compete with our competitors; (d) changes in laws, regulations, or policies; and (e) the “Risk Factors” set forth in the Company’s most recent SEC filings. All forward-looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements, except as required by law.

Investor Relations Contact
NV5 Global, Inc.
Jack Cochran
Vice President, Marketing & Investor Relations
Tel: +1-954-637-8048
Email: ir@nv5.com

Source: NV5 Global, Inc.


FAQ

What is the value of NV5's (NVEE) recent data center infrastructure contracts?

NV5 (NVEE) was awarded $14 million in recent contracts to support global data center infrastructure development.

How much data center design capacity did NV5 (NVEE) achieve in 2024?

NV5 (NVEE) exceeded one gigawatt (GW) in data center MEP design and CFD analysis globally through September 2024.

How much additional computing capacity did NV5 (NVEE) help clients unlock in 2024?

NV5 (NVEE) helped clients unlock approximately 300MW of additional computing capacity in 2024, equivalent to powering 100,000 homes.

NV5 Global, Inc.

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