LoadSEER and Integral Analytics Continue as Integrated Grid Planning Software Solution in California
Willdan Group, Inc. (NASDAQ: WLDN) announced a five-year deployment of its Integral Analytics LoadSEER software by California's largest utility, PG&E. This upgraded software will enhance spatial load and distributed energy resource forecasting, supporting PG&E's integrated distribution resource planning efforts. Willdan's CEO highlighted the value of this collaboration for improving decision-making in a rapidly evolving energy landscape. Willdan provides an array of technical services to utilities and government agencies, focusing on energy efficiency and grid solutions.
- Long-term partnership with PG&E for five years enhancing forecasting capabilities.
- New features in LoadSEER software expected to improve grid planning efficiency.
- Risks related to COVID-19 pandemic impacting operational costs and growth.
- Dependence on successful contract renewals and competitive bidding for future revenue.
Willdan Group, Inc. (NASDAQ: WLDN) announced today that California’s largest Investor Owned Utility is deploying the latest version of the Integral Analytics LoadSEER software application to provide spatial load and distributed energy resource (DER) forecasting over the next five years. Integral Analytics is Willdan’s wholly owned software subsidiary.
Pacific Gas and Electric Company (PG&E) has been using the LoadSEER forecasting software since 2012, and its latest deployment includes newly developed features to improve long-term scenario analysis and granular integrated grid planning. The latest version of the software will support PG&E’s efforts to provide integrated distribution resource planning for their customers by helping PG&E forecast and plan the electric distribution system further into the future.
“We appreciate PG&E’s continuous commitment to LoadSEER and their proactive approach to bring together best-in-class software for integrated grid planning,” said Tom Brisbin, Willdan’s CEO and Chairman. “We look forward to deepening the relationship between PG&E’s planning and operations departments and our Integral Analytics distribution experts as we support decision-making in a quickly changing landscape over the next five years.”
About Willdan
Willdan is a nationwide provider of professional technical and consulting services to utilities, government agencies, and private industry. Willdan’s service offerings span a broad set of complementary disciplines that include electric grid solutions, energy efficiency and sustainability, engineering and planning, and municipal financial consulting. For additional information, visit Willdan's website at www.willdan.com.
Forward-Looking Statements
Statements in this press release that are not purely historical, including statements regarding Willdan’s intentions, hopes, beliefs, expectations, representations, projections, estimates, plans, or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties including, but not limited to, the risk that Willdan will not be able to reduce costs and preserve liquidity to maintain its operations during the continuation of this pandemic nor be able to resume its growth trajectory once pandemic-related restrictions are lifted and the economy begins to recover. It is important to note that Willdan’s actual results could differ materially from those in any such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the ultimate impact of the COVID-19 pandemic on Willdan’s results, prospects, and opportunities; Willdan’s ability to adequately complete projects in a timely manner; Willdan’s ability to compete successfully in the highly competitive energy efficiency services market; changes in state, local, and regional economies and government budgets; Willdan’s ability to win new contracts, to renew existing contracts, and to compete effectively for contract awards through bidding processes; and Willdan’s ability to successfully integrate its acquisitions and execute on its growth strategy. Willdan’s business could be affected by a number of other factors, including the risk factors listed from time to time in Willdan’s reports filed with the Securities and Exchange Commission, including, but not limited to, the Annual Report on Form 10-K filed for the year ended January 1, 2021. Willdan cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Willdan disclaims any obligation to, and does not undertake to, update or revise any forward-looking statements in this press release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210415005971/en/
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