Willdan Selected for $102 Million Energy Savings Contract for Nation’s 5th Largest School District
Willdan Group, Inc. (NASDAQ: WLDN) has been selected by Clark County School District for a $102 million energy savings contract covering 204 schools. This marks the second phase of projects for the district, doubling the scope of the first phase. The retrofits and upgrades are expected to yield $170 million in lifetime energy savings and $700,000 in annual operations and maintenance cost savings.
Willdan has engaged over 200 local subcontractors, with 30% certified as Minority- or Women-Owned Business Enterprises. The company also helped secure $6 million in external funding, including $3 million in federal tax benefits. This project showcases Willdan's expertise in helping educational institutions reduce costs and carbon emissions while promoting STEM education initiatives.
Willdan Group, Inc. (NASDAQ: WLDN) è stata selezionata dal Distretto Scolastico della Contea di Clark per un contratto per il risparmio energetico di 102 milioni di dollari che coinvolge 204 scuole. Questa rappresenta la seconda fase di progetti per il distretto, raddoppiando l'ambito della prima fase. I retrofit e gli aggiornamenti si prevede che genereranno 170 milioni di dollari in risparmi energetici nel corso della vita e 700.000 dollari in risparmi annuali per le operazioni e la manutenzione.
Willdan ha coinvolto oltre 200 subappaltatori locali, con il 30% certificato come Imprese di Proprietà Minoritaria o Femminile. L'azienda ha anche contribuito ad ottenere 6 milioni di dollari in finanziamenti esterni, inclusi 3 milioni di dollari in benefici fiscali federali. Questo progetto dimostra l'esperienza di Willdan nell'aiutare le istituzioni educative a ridurre i costi e le emissioni di carbonio, promuovendo al contempo iniziative di educazione STEM.
Willdan Group, Inc. (NASDAQ: WLDN) ha sido seleccionada por el Distrito Escolar del Condado de Clark para un contrato de ahorro energético por 102 millones de dólares que abarca 204 escuelas. Esta es la segunda fase de proyectos para el distrito, duplicando el alcance de la primera fase. Se espera que las remodelaciones y mejoras generen 170 millones de dólares en ahorros energéticos durante su vida útil y 700,000 dólares en ahorros anuales en costos de operaciones y mantenimiento.
Willdan ha contratado a más de 200 subcontratistas locales, con un 30% certificados como Empresas de Propiedad Minoritaria o de Mujeres. La empresa también ayudó a asegurar 6 millones de dólares en financiamiento externo, incluyendo 3 millones de dólares en beneficios fiscales federales. Este proyecto muestra la experiencia de Willdan en ayudar a las instituciones educativas a reducir costos y emisiones de carbono, al mismo tiempo que promueve iniciativas de educación STEM.
윌단 그룹, Inc. (NASDAQ: WLDN)이 클락 카운티 교육구에 의해 1억 200만 달러의 에너지 절약 계약을 체결했습니다. 이 계약은 204개의 학교를 포함하며, 교육구를 위한 1단계 프로젝트의 범위를 두 배로 늘리는 두 번째 단계입니다. 개조 및 업그레이드는 평생 에너지 절약액 1억 7000만 달러와 연간 운영 및 유지비 절감액 70만 달러를 가져올 것으로 예상됩니다.
윌단은 200명 이상의 지역 하청업체를 참여시켰으며, 그 중 30%는 소수 민족 또는 여성 소유 기업으로 인증되었습니다. 이 회사는 또한 600만 달러의 외부 자금 확보를 도왔으며, 그 중 300만 달러는 연방 세금 혜택입니다. 이 프로젝트는 교육 기관이 비용과 탄소 배출을 줄이는 동시에 STEM 교육 이니셔티브를 홍보하는 데 있어 윌단의 전문성을 보여줍니다.
Willdan Group, Inc. (NASDAQ: WLDN) a été sélectionnée par le district scolaire du comté de Clark pour un contrat d'économies d'énergie de 102 millions de dollars couvrant 204 écoles. Cela marque la deuxième phase de projets pour le district, doublant ainsi la portée de la première phase. Les rénovations et améliorations devraient générer 170 millions de dollars d'économies d'énergie sur toute la durée de vie et 700 000 dollars d'économies annuelles en coûts d'exploitation et de maintenance.
Willdan a engagé plus de 200 sous-traitants locaux, dont 30 % sont certifiés comme entreprises détenues par des minorités ou des femmes. L'entreprise a également aidé à obtenir 6 millions de dollars de financements externes, dont 3 millions de dollars de avantages fiscaux fédéraux. Ce projet met en avant l'expertise de Willdan pour aider les institutions éducatives à réduire leurs coûts et leurs émissions de carbone tout en promouvant des initiatives d'éducation STEM.
Willdan Group, Inc. (NASDAQ: WLDN) wurde vom Schulbezirk Clark County für einen Energiesparvertrag über 102 Millionen Dollar ausgewählt, der 204 Schulen umfasst. Dies stellt die zweite Phase von Projekten für den Bezirk dar und verdoppelt den Umfang der ersten Phase. Die Umbaumaßnahmen und Verbesserungen werden voraussichtlich 170 Millionen Dollar an Lebenslang-Energiesparungen und 700.000 Dollar jährlich an Betriebs- und Wartungskosten sparen.
Willdan hat über 200 lokale Subunternehmer engagiert, von denen 30% als Unternehmen in Minderheiten- oder Frauenbesitz zertifiziert sind. Das Unternehmen hat auch geholfen, 6 Millionen Dollar an externen Fördermitteln zu sichern, darunter 3 Millionen Dollar an bundesstaatlichen Steuervergünstigungen. Dieses Projekt zeigt die Expertise von Willdan darin, Bildungseinrichtungen dabei zu unterstützen, Kosten und Kohlenstoffemissionen zu senken, während gleichzeitig STEM-Bildungsinitiativen gefördert werden.
- Secured a $102 million contract with the nation's 5th largest school district
- Project expected to generate $170 million in lifetime energy savings
- Anticipated $700,000 in annual operations and maintenance cost savings
- Secured $6 million in external funding, including $3 million in federal tax benefits
- Expanded scope of work, doubling square footage and energy savings compared to first phase
- None.
Insights
This $102 million contract for Willdan Group (NASDAQ: WLDN) is a significant win, potentially boosting the company's revenue and market position. The project's scope, covering 204 schools, indicates a substantial long-term engagement. The estimated
The contract's size, being double that of the previous phase, suggests strong client satisfaction and potential for future expansions. Willdan's ability to secure
Investors should note the potential for improved profit margins and recurring revenue streams from such large-scale, multi-year projects. The focus on energy efficiency aligns with growing ESG trends, potentially attracting environmentally conscious investors.
This contract highlights the growing demand for energy efficiency solutions in the education sector. The scale of the project - 204 schools - is impressive and demonstrates the potential for large-scale energy savings in institutional settings. The projected lifetime energy savings of
The engagement of over 200 local subcontractors, with
The focus on STEM education initiatives as part of the project is a smart move. It not only helps in knowledge transfer but also cultivates a future workforce familiar with energy efficiency concepts. This holistic approach to energy savings, combining technology implementation with education, could set a benchmark for similar projects in other school districts.
This contract with the fifth largest school district in the United States is significant from an educational policy perspective. It demonstrates a growing trend among large school districts to prioritize energy efficiency and sustainability. The projected savings of
The involvement of local businesses, particularly Minority- and Women-Owned Enterprises, aligns with broader educational goals of promoting diversity and community engagement. The integration of STEM education initiatives is particularly noteworthy, as it provides practical, real-world applications of science and technology concepts to students.
This project could serve as a model for other school districts nationwide, potentially sparking a wider adoption of energy-saving measures in educational institutions. The long-term impact could extend beyond financial savings to include environmental awareness and enhanced learning opportunities for students.
This contract marks the second phase of projects that Willdan will implement for the District, encompassing approximately double the square footage and energy savings, compared to the first phase. Willdan has engaged more than 200 local subcontractors to deliver this contract, with about
“We’re pleased to expand our work with
About
The
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, energy policy planning and advisory, 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 29, 2023. 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/20240808613079/en/
Al Kaschalk
Vice President
310-922-5643
akaschalk@willdan.com
Source: Willdan Group, Inc.
FAQ
What is the value of Willdan's new energy savings contract with Clark County School District?
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What additional cost savings will Clark County School District see from Willdan's project?
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How much external funding did Willdan help secure for the Clark County School District project?
