ANAHEIM, Calif.—(BUSINESS WIRE)—Willdan Group, Inc. (NASDAQ: WLDN) announced today that Culver City, California has selected Willdan to conduct a microgrid deployment feasibility assessment at two Culver City municipal sites. The proposed microgrid would include a controller that coordinates the operation of multiple distributed energy resources (DERs), providing Culver City with a fully renewable, cost-effective, and resilient energy supply while also achieving its Zero Net Energy goals.
“As the next step in becoming a more sustainable City, we’re considering the development of our own microgrid,” said Charles Herbertson, Culver City’s Public Works Director / City Engineer. “It’s an exciting, emerging technology that would provide our City with the resiliency that we need to operate the sites as independent emergency shelters while drawing on local, renewable sources of power instead of carbon-emitting fossil fuels.”
“We’ve provided the City with engineering services and municipal staffing for many years and are familiar with the City’s infrastructure and operations,” said Tom Brisbin, Willdan’s CEO and Chairman. “We’re excited to combine this knowledge with our microgrid expertise to provide a viable solution to the City’s clean energy and sustainability needs. We plan to work closely with the local electric utility to identify and remove roadblocks to commercializing microgrids in the State of California.”
As part of the study, Willdan will develop a preliminary design that meets the City’s technical, operating, and financial needs. Willdan will also provide the City with financial and environmental metrics, an implementation roadmap, and specifications to assist in grant applications and bid procurement should the next phase of the project be approved. The study is scheduled for completion in early 2019.
About Culver City
Culver City is a five-square-mile, urban community of 39,000 residents surrounded mostly by the City of Los Angeles. The City also shares a border with unincorporated areas of Los Angeles County. It is centrally located on the Westside near Santa Monica, Beverly Hills, and Los Angeles International Airport. Culver City is particularly known for its historic role as a major center of the Southern California entertainment industry and is home to Sony Studios (formerly MGM) and Culver Studios (formerly Thomas Ince Studios), well-run public school system, "small town" charm, growing high-tech and creative economies, and a dynamic downtown that is regionally known as a destination for restaurants, live theater, and art galleries. Click here for more about Culver City’s history.
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.
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 expand its services or meet the needs of customers in markets in which it operates. 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, 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 (including with its two primary customers) 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 December 29, 2017. 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.
Willdan Group, Inc.
Chief Financial Officer
Financial Profiles, Inc.
Tony Rossi, 310-622-8221