Stantec selected by Los Angeles Department of Water & Power for 5-year US $104-million Master Services Agreement
Stantec (TSX, NYSE:STN), a global leader in sustainable design and engineering, has been selected by the Los Angeles Department of Water & Power (LADWP) for a five-year master services agreement worth US$104 million. The firm will support LADWP's Power System Reliability Program (PSRP) to upgrade, expand, and modernize electrical infrastructure in greater Los Angeles, focusing on:
- Renewing aging infrastructure
- Driving the clean energy transition
- Providing power system and resource development services
- Conducting transmission planning studies and reliability assessments
- Offering consulting services for construction, maintenance, and safety
- Performing planning and feasibility studies for renewable resources
This agreement highlights Stantec's role in supporting utilities worldwide in modernizing electrical infrastructure and integrating renewable energy sources.
Stantec (TSX, NYSE:STN), un leader globale nel design e ingegneria sostenibile, è stata selezionata dal Dipartimento delle Acque e dell'Energia di Los Angeles (LADWP) per un contratto di servizi di cinque anni del valore di 104 milioni di dollari USA. L'azienda supporterà il Programma di Affidabilità del Sistema Elettrico (PSRP) di LADWP per aggiornare, espandere e modernizzare le infrastrutture elettriche nella grande Los Angeles, concentrandosi su:
- Rinnovo delle infrastrutture obsolete
- Promozione della transizione verso l'energia pulita
- Fornitura di servizi di sviluppo del sistema di energia e delle risorse
- Esecuzione di studi di pianificazione della trasmissione e valutazioni di affidabilità
- Offerta di servizi di consulenza per costruzione, manutenzione e sicurezza
- Realizzazione di studi di fattibilità e pianificazione per risorse rinnovabili
Questo accordo evidenzia il ruolo di Stantec nel supportare le utility di tutto il mondo nella modernizzazione delle infrastrutture elettriche e nell'integrazione delle fonti di energia rinnovabile.
Stantec (TSX, NYSE:STN), un líder mundial en diseño e ingeniería sostenible, ha sido seleccionada por el Departamento de Agua y Energía de Los Ángeles (LADWP) para un contrato de servicios de cinco años valorado en 104 millones de dólares estadounidenses. La firma apoyará el Programa de Fiabilidad del Sistema Eléctrico (PSRP) de LADWP para actualizar, expandir y modernizar la infraestructura eléctrica en el gran Los Ángeles, enfocándose en:
- Renovación de infraestructuras envejecidas
- Impulso de la transición hacia la energía limpia
- Provision de servicios de desarrollo del sistema eléctrico y de recursos
- Realización de estudios de planificación de transmisión y evaluaciones de fiabilidad
- Ofrecimiento de servicios de consultoría para construcción, mantenimiento y seguridad
- Ejecutando estudios de planificación y viabilidad para recursos renovables
Este acuerdo destaca el papel de Stantec en el apoyo a las empresas de servicios públicos en todo el mundo en la modernización de la infraestructura eléctrica y la integración de fuentes de energía renovable.
Stantec (TSX, NYSE:STN)은 지속 가능한 설계 및 엔지니어링의 글로벌 리더로, 로스앤젤레스 수자원 및 전력국 (LADWP)5년 마스터 서비스 계약이 체결되었습니다. 이 계약은 1억 4천만 달러에 달합니다. Stantec은 LADWP의 전력 시스템 신뢰성 프로그램(PSRP)을 지원하여 로스앤젤레스 대도시 지역의 전기 인프라를 업그레이드, 확장 및 현대화하는 데 집중하게 됩니다:
- 노후된 인프라 갱신
- 청정 에너지 전환 추진
- 전력 시스템 및 자원 개발 서비스 제공
- 송전 계획 연구 및 신뢰성 평가 수행
- 건설, 유지보수 및 안전을 위한 컨설팅 서비스 제공
- 재생 가능 자원을 위한 계획 및 타당성 연구 수행
이 계약은 Stantec이 세계적으로 전기 인프라 현대화 및 재생 가능 에너지원 통합을 지원하는 역할을 강조합니다.
Stantec (TSX, NYSE:STN), un leader mondial en matière de design et d'ingénierie durables, a été sélectionnée par le Département des Eaux et de l’Énergie de Los Angeles (LADWP) pour un contrat-cadre de services de cinq ans d'une valeur de 104 millions de dollars US. L'entreprise soutiendra le Programme de Fiabilité du Système Électrique (PSRP) de LADWP afin de moderniser, d'élargir et de mettre à niveau l'infrastructure électrique dans la grande région de Los Angeles, en mettant l'accent sur :
- Le renouvellement des infrastructures vieillissantes
- La transition vers l'énergie propre
- La fourniture de services de développement du système énergétique et des ressources
- La réalisation d'études de planification de transmission et d'évaluations de fiabilité
- La proposition de services de conseil pour la construction, l'entretien et la sécurité
- La réalisation d'études de planification et de faisabilité pour les ressources renouvelables
Cette convention souligne le rôle de Stantec dans le soutien aux services publics dans le monde entier pour la modernisation des infrastructures électriques et l'intégration des sources d'énergie renouvelable.
Stantec (TSX, NYSE:STN), ein globaler Marktführer im Bereich nachhaltiges Design und Engineering, wurde vom Wasserversorgungs- und Energiedienstleistungsunternehmen von Los Angeles (LADWP) für einen fünfjährigen Masterdienstvertrag im Wert von 104 Millionen US-Dollar ausgewählt. Das Unternehmen wird das Programm zur Zuverlässigkeit des Stromsystems (PSRP) von LADWP unterstützen, um die elektrische Infrastruktur in der Metropolregion Los Angeles zu erneuern, auszubauen und zu modernisieren, mit einem Fokus auf:
- Erneuerung alterndender Infrastruktur
- Förderung des Übergangs zu erneuerbaren Energien
- Bereitstellung von Dienstleistungen zur Entwicklung des Stromsystems und der Ressourcen
- Durchführung von Planungstudien zur Übertragung und Zuverlässigkeitsbewertungen
- Angebot von Beratungsdiensten für Bau, Wartung und Sicherheit
- Durchführung von Planungs- und Machbarkeitsstudien für erneuerbare Ressourcen
Diese Vereinbarung unterstreicht die Rolle von Stantec bei der Unterstützung von Versorgungsunternehmen weltweit bei der Modernisierung der elektrischen Infrastruktur und der Integration erneuerbarer Energiequellen.
- Secured a US$104 million master services agreement with LADWP for 5 years
- Expanding presence in the renewable energy and power infrastructure sector
- Opportunity to contribute to large-scale clean energy transition in California
- Diversification of services including transmission planning, reliability assessments, and renewable resource studies
- None.
Insights
The
LADWP's selection of Stantec for this important infrastructure upgrade highlights the company's expertise in power system reliability and clean energy transition. The scope of work, including transmission planning, HVDC studies and distributed energy resources assessments, showcases Stantec's comprehensive capabilities in modern grid technologies. This project is particularly significant as it addresses the complex challenge of integrating large-scale renewable energy into existing grids, a critical aspect of California's ambitious clean energy goals. Stantec's involvement in both the LADWP project and the SunZia Transmission Project positions the company at the forefront of the U.S. energy transition, potentially opening doors to similar high-profile projects in other regions pursuing aggressive renewable energy targets.
This contract win underscores Stantec's strong market position in the rapidly growing renewable energy infrastructure sector. The global shift towards clean energy is driving substantial investments in grid modernization and expansion, creating a favorable market environment for companies with Stantec's expertise. The firm's involvement in major projects like LADWP's infrastructure upgrade and the SunZia Transmission Project demonstrates its ability to capture significant market share in this expanding sector. Moreover, Stantec's diverse service offerings, ranging from planning and feasibility studies to engineering services for conventional and renewable generation, position it well to capitalize on various aspects of the energy transition. This comprehensive approach could lead to sustained growth and market leadership in the coming years, potentially translating to increased shareholder value.
The firm will support LADWP’s efforts to bolster reliability and enable the large-scale transition to renewable energy in California
LOS ANGELES and EDMONTON, Alberta and NEW YORK, Aug. 15, 2024 (GLOBE NEWSWIRE) -- TSX, NYSE:STN
Stantec, a global leader in sustainable design and engineering, has been selected by the Los Angeles Department of Water & Power (LADWP) for a new five-year master services agreements (MSA) to upgrade, expand, and modernize the electrical infrastructure in greater Los Angeles. The firm will support LADWP’s Power System Reliability Program (PSRP) projects to renew aging infrastructure and assist LADWP in driving the clean energy transition forward.
Stantec will serve as one of the Owner’s Representatives (OE) for the duration of the US
As part of the resource development services, Stantec will perform planning and feasibility studies, renewable resources assessments, reliability and cost evaluations, as well as assessments of best practices for the management of LADWP’s power supply as requested. Engineering services for conventional generation, renewable energy, and supporting projects, including all aspects of civil, electrical, mechanical, structural, and geotechnical engineering may also be provided.
“Renewable power generation is only part of the energy transition leading to a lower carbon future. Utilities around the world must also modernize and expand the electrical infrastructure needed to deliver power to our communities, safely and reliably,” says Mario Finis, executive vice president of Energy & Resources at Stantec. “Our power delivery teams understand the diverse set of challenges associated with integrating large amounts of renewables onto the grid, and we’re proud to support LADWP as they drive the transition to clean energy.”
Stantec’s Energy & Resources team is an industry leader in power delivery services and solutions designed to support the changing needs of global communities. The global firm’s work involves evaluating, designing, and commissioning generation, transmission, substation, distribution, energy storage, and grid modernization projects. Earlier this year, Stantec signed a CAD
To learn more about Stantec’s Power Delivery services, click here.
About Stantec
Stantec empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before.
We are a global leader in sustainable architecture, engineering, and environmental consulting.
Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more.
Today’s communities transcend geographic borders. At Stantec, community means everyone with an interest in the work that we do—from our project teams and industry colleagues to our clients and the people our work impacts. The diverse perspectives of our partners and interested parties drive us to think beyond what’s previously been done on critical issues like climate change, digital transformation, and future-proofing our cities and infrastructure.
We are designers, engineers, scientists, project managers, and strategic advisors. We innovate at the intersection of community, creativity, and client relationships to advance communities everywhere, so that together we can redefine what’s possible.
Stantec trades on the TSX and the NYSE under the symbol STN. Visit us at stantec.com or find us on social media.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements regarding the initiatives and projects described above. Forward-looking statements also include any other statements that do not refer to historical facts. By their nature, forward-looking statements are based on assumptions and subject to inherent risks and uncertainties. There is a risk that the initiatives and projects described above may be delayed, cancelled, suspended or terminated. This could cause future results to differ materially from the forward-looking statements made in this news release. Except as may be required by law, Stantec undertakes no obligation to publicly update or revise any forward-looking statements. Forward-looking statements are provided herein for the purpose of giving information about the initiatives and projects referred to above and their expected impact. Readers are cautioned that such information may not be appropriate for other purposes.
| Media Contact Ashley Warnock Stantec Corporate Media Relations Ph: (780) 969-6610 ashley.warnock@stantec.com | Investor Contact Jess Nieukerk Stantec Investor Relations Ph: (403) 569- 5389 ir@stantec.com | Project Media Contact Tyler McCalpin Stantec Energy & Resources PR Ph: (780) 917-8513 tyler.mccalpin@stantec.com |
FAQ
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