ANAHEIM, Calif.— (BUSINESS WIRE)—Willdan Group, Inc. (NASDAQ: WLDN) today announced the award of a new energy efficiency services contract for the implementation of ComEd’s small facilities public sector energy efficiency offerings. These new services and incentives are offered through the ComEd® Energy Efficiency Program for public sector small facility customers in northern Illinois that have a peak demand up to 100 kW, including local municipalities, schools, and community colleges. The one-year contract is inclusive of option years, which could potentially span over the next four years.
“ComEd is committed to helping customers, including those who are historically underserved, better manage their energy use and save on their electricity bills,” said Julie Hollensbe, manager of the energy efficiency portfolio at ComEd. “Our energy efficiency program for small public sector facilities is part of a broader plan under Illinois’ Future Energy Jobs Act to achieve nearly 12 percent total energy efficiency savings by 2021 and support job creation efforts across the state.”
Residential, business, and public sector customers have saved more than $2.7 billion since ComEd introduced its energy efficiency programs in 2008. This is ComEd’s first program focused specifically on helping public sector customers with smaller facilities reduce their energy use and costs.
“We thank ComEd for this opportunity to expand our reach in Illinois,” said Willdan’s CEO, Tom Brisbin. “This is an important win for Willdan because it enables us to cross-sell additional services beyond lighting, including mechanical and electrical engineering services to public sector customers that need assistance in implementing energy-saving measures. Ten percent of the Illinois electrical efficiency budget must now address the public sector, and this trend is growing in other states like California and New York.”
Willdan will recruit, train, and coordinate locally-owned service providers – including engineering, design, distribution, and contracting firms – to deliver 23,250 MWh of savings over four years. Savings will primarily be delivered through deep retrofit packages that combine lighting, refrigeration, controls, and new technology measures as applicable to each facility.
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 http://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, a slowdown in the local and regional economies of the states where Willdan conducts business and the loss of or inability to hire additional qualified professionals. Willdan's business could be affected by a number of other factors, including the risk factors listed from time to time in Willdan's SEC reports including, but not limited to, the Annual Report on Form 10-K filed for the year ended December 30, 2016 and the Quarterly Report on Form 10-Q for the quarter ended September 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