Willdan Selected by One of the Largest Utilities in the U.S. to Provide Planning Software and Services

Rhea-AI Summary

Willdan Group (NASDAQ: WLDN) has announced a significant software licensing agreement with one of the largest energy delivery companies in the U.S. The contract grants access to Integral Analytics' LoadSEER software for load and Distributed Energy Resources (DER) forecasting, impacting nearly ten million electric meters. This deployment marks the largest use of LoadSEER to date and aims to support the company's clean energy initiatives, including electric vehicle adoption and gas-to-electricity conversions. Willdan's offerings include software implementation and long-term professional support, positioning them as key players in the evolving energy landscape.

Positive

• Large-scale licensing agreement for LoadSEER software with a major energy delivery company.
• Impacts forecasting for nearly 10 million electric meters, representing the largest deployment of the software.
• Supports clean energy goals including electric vehicle adoption and DER integrations.

Negative

• None.

ANAHEIM, Calif.--(BUSINESS WIRE)-- Willdan Group, Inc. (NASDAQ: WLDN) announced today that one of the nation's largest energy delivery companies and their operating companies have licensed Integral Analytics’ LoadSEER software to evaluate integrated grid planning alternatives. Integral Analytics is Willdan’s wholly owned software subsidiary. This contract includes a software license for LoadSEER’s load and DER forecasting, software implementation, data services, and long-term professional support. Integral Analytics will provide the companies with analysis and forecasting for loads across nearly ten million electric meters – the largest deployment of LoadSEER software to date.

Willdan’s bundled solution incorporates both software and policy services to support future changes in end uses that align with the companies' clean energy goals. These changes include electric vehicle adoption, DERs, and gas-to-electricity conversions. Willdan’s software tools and services will empower the companies' planning engineers to model electrification and DER scenarios and to help design the grid.

“This new client is one of the largest energy delivery companies in the nation and is at the forefront of supporting customers and communities through their path to clean energy goals,” said Tom Brisbin, Willdan’s CEO and Chairman. “In providing modern software tools like LoadSEER, we enable utilities like this to make strategic decisions based on integrated grid forecasts.”

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 are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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 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 December 30, 2022. 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/20230328005432/en/

Al Kaschalk

VP Investor Relations

310-922-5643

akaschalk@willdan.com

Source: Willdan Group, Inc.

FAQ

What recent contract did Willdan Group (WLDN) announce?

Willdan Group announced a licensing agreement for its LoadSEER software with a major energy delivery company.

How many electric meters are impacted by Willdan's LoadSEER software?

The LoadSEER software will impact forecasting for nearly ten million electric meters.

What are the clean energy goals supported by Willdan's software?

Willdan's software supports goals including electric vehicle adoption, gas-to-electricity conversions, and DERs.

What services does Willdan provide under the LoadSEER contract?

The contract includes software implementation, data services, and long-term professional support.