Willdan to Implement $330M Program for Nation’s Largest Municipal Utility
Willdan Group (NASDAQ: WLDN) has secured a significant $330-million contract from the Los Angeles Department of Water and Power (LADWP) to manage and implement the Commercial Direct Install Program. The five-year agreement tasks Willdan with providing turnkey energy efficiency, water conservation, and electrification retrofit services to eligible businesses, municipal facilities, and select K-12 schools.
The program supports Los Angeles's renewable energy initiative, which aims to achieve 100% renewable electricity resources by 2035. The contract positions Willdan as a key player in LADWP's mission to deliver cost-effective energy efficiency measures while supporting local businesses and government infrastructure.
Willdan Group (NASDAQ: WLDN) ha ottenuto un importante contratto da 330 milioni di dollari dal Dipartimento dell'Acqua e dell'Energia di Los Angeles (LADWP) per gestire e implementare il Programma di Installazione Diretta Commerciale. L'accordo quinquennale incarica Willdan di fornire servizi chiavi in mano per l'efficienza energetica, la conservazione dell'acqua e la retrofitting per l'elettrificazione a imprese idonee, strutture municipali e alcune scuole K-12.
Il programma sostiene l'iniziativa di energia rinnovabile di Los Angeles, che mira a raggiungere il 100% di risorse elettriche rinnovabili entro il 2035. Il contratto posiziona Willdan come un attore chiave nella missione del LADWP di fornire misure di efficienza energetica a costi contenuti, supportando allo stesso tempo le imprese locali e le infrastrutture governative.
Willdan Group (NASDAQ: WLDN) ha asegurado un importante contrato de 330 millones de dólares del Departamento de Agua y Energía de Los Ángeles (LADWP) para gestionar e implementar el Programa de Instalación Directa Comercial. El acuerdo de cinco años asigna a Willdan la tarea de proporcionar servicios integrales de eficiencia energética, conservación del agua y modernización para electrificación a empresas elegibles, instalaciones municipales y algunas escuelas K-12.
El programa apoya la iniciativa de energía renovable de Los Ángeles, que tiene como objetivo alcanzar el 100% de recursos eléctricos renovables para 2035. El contrato posiciona a Willdan como un actor clave en la misión del LADWP de ofrecer medidas de eficiencia energética rentables mientras apoya a las empresas locales y la infraestructura gubernamental.
윌단 그룹 (NASDAQ: WLDN)은 로스앤젤레스 수자원 및 전력국 (LADWP)으로부터 3억 3천만 달러 규모의 계약을 체결하여 상업 직접 설치 프로그램을 관리하고 구현하게 되었습니다. 이 5년 계약은 윌단에게 적격 기업, 시립 시설 및 일부 K-12 학교에 에너지 효율성, 물 절약 및 전기화 개조 서비스를 제공하는 임무를 부여합니다.
이 프로그램은 로스앤젤레스의 재생 에너지 이니셔티브를 지원하며, 2035년까지 100% 재생 가능한 전기 자원을 달성하는 것을 목표로 하고 있습니다. 이 계약은 윌단을 LADWP의 비용 효율적인 에너지 효율성 조치를 제공하는 임무의 핵심 플레이어로 자리매김하게 합니다. 지역 비즈니스와 정부 인프라를 지원하는 동시에 말이죠.
Willdan Group (NASDAQ: WLDN) a obtenu un contrat important de 330 millions de dollars du Département de l'Eau et de l'Énergie de Los Angeles (LADWP) pour gérer et mettre en œuvre le Programme d'Installation Directe Commerciale. Cet accord de cinq ans charge Willdan de fournir des services clés en main en matière d'efficacité énergétique, de conservation de l'eau et de modernisation pour l'électrification à des entreprises éligibles, des installations municipales et certaines écoles K-12.
Le programme soutient l'initiative d'énergie renouvelable de Los Angeles, qui vise à atteindre 100 % de ressources électriques renouvelables d'ici 2035. Le contrat positionne Willdan comme un acteur clé dans la mission du LADWP de fournir des mesures d'efficacité énergétique rentables tout en soutenant les entreprises locales et l'infrastructure gouvernementale.
Willdan Group (NASDAQ: WLDN) hat einen bedeutenden Vertrag über 330 Millionen Dollar mit dem Department of Water and Power von Los Angeles (LADWP) gesichert, um das Commercial Direct Install Program zu verwalten und umzusetzen. Der fünfjährige Vertrag beauftragt Willdan, schlüsselfertige Dienstleistungen zur Energieeffizienz, Wassereinsparung und Elektrifizierungsnachrüstung für berechtigte Unternehmen, kommunale Einrichtungen und ausgewählte K-12-Schulen bereitzustellen.
Das Programm unterstützt die Initiative für erneuerbare Energien von Los Angeles, die zum Ziel hat, bis 2035 100% erneuerbare Elektrizitätsressourcen zu erreichen. Der Vertrag positioniert Willdan als wichtigen Akteur in der Mission des LADWP, kosteneffiziente Maßnahmen zur Energieeffizienz anzubieten und gleichzeitig lokale Unternehmen und die Regierungsinfrastruktur zu unterstützen.
- Secured major $330M contract with nation's largest municipal utility
- Five-year contract duration ensures stable revenue stream
- Expands presence in energy efficiency implementation sector
- None.
“We are excited to build on LADWP’s legacy of providing cost-effective energy efficiency measures to support local businesses and government infrastructure,” said Mike Bieber, Willdan’s CEO. “This program aligns well with Willdan’s capabilities – from resource integration planning for states and utilities to our program management expertise as one of the largest energy efficiency implementers in the country.”
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/20250306810000/en/
Al Kaschalk
VP Investor Relations
310-922-5643
akaschalk@willdan.com
Source: Willdan Group, Inc.
FAQ
What is the value and duration of Willdan's new LADWP contract?
What services will Willdan provide under the LADWP contract?
How does this contract align with Los Angeles's renewable energy goals?
Which facilities are eligible for Willdan's Commercial Direct Install Program?
