ANAHEIM, Calif.—(BUSINESS WIRE)—Willdan Group, Inc. (NASDAQ: WLDN) announced today that Entergy Corporation (Entergy) has adopted LoadSEER, a modeling application of Willdan software unit Integral Analytics, as a core intelligence layer to support Entergy’s investments in grid data and analytics capabilities across its electric distribution footprint. Entergy’s LoadSEER implementation will help the customer, distribution planning, and load forecasting functions while preparing for future growth in distributed energy resources (DERs). This implementation represents an expansion of Entergy’s relationship with Integral Analytics, which began with the deployment of the product evaluation tool, DSMore.
“We’re pleased to provide Entergy with applications that enhance its ability to efficiently plan and strengthen their distribution networks across multiple states,” said Tom Brisbin, Willdan’s CEO and Chairman. “With DSMore and LoadSEER, Entergy is better positioned to integrate DERs and produce new customer programs that harness the data generated by investments in grid technologies.”
LoadSEER was developed to provide unique insights and modeling capacity for DERs and the evolving distribution grid. The application is used in short- and long-term circuit-level planning and to proactively integrate renewables, energy storage, and efficiency investments. LoadSEER combines multi-layer risk, geospatial, and scenario modeling; utilities’ existing tools; engineering efforts; and multiple data sources in order to deliver dynamic, granular load profiles and perform valuation analyses.
Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, including nearly 9,000 megawatts of nuclear power. Entergy delivers electricity to 2.9 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of approximately $11 billion and more than 13,000 employees. Follow Entergy at http://www.entergy.com/, Twitter, or Facebook.
Willdan provides professional consulting and technical services to utilities, public agencies and private industry throughout the United States. The Company's service offerings span a broad set of complementary disciplines that include energy efficiency and sustainability, engineering and planning, financial and economic consulting, and national preparedness. Willdan provides integrated technical solutions to extend the reach and resources of its clients, and provides all services through its subsidiaries specialized in each segment. For additional information, visit Willdan's website at www.willdan.com.
About Integral Analytics
Integral Analytics, a unit of Willdan Group, Inc., provides trusted software products that merge economics and engineering to deliver statistically-robust forecasting and valuation analytics through which utilities and distributed energy resource owners make optimized financial and engineering decisions. More information is available at: www.integralanalytics.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