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Investing.com -- Willdan Group Inc (NASDAQ:WLDN) stock gained 2.6% on Wednesday after the company announced it has been awarded a $97 million energy savings performance contract from Alameda County, California.
The contract involves designing and implementing comprehensive energy and infrastructure upgrades across 24 county sites. The project scope includes electrification of major HVAC systems, solar PV generation installation, EV charging stations, and various efficiency and decarbonization upgrades.
According to Willdan, these improvements will reduce annual carbon emissions by approximately 1.7 metric tons of CO2e. The company will also provide consulting services to help the county identify external funding opportunities to potentially lower out-of-pocket costs.
"Willdan is proud to have been selected from a highly competitive field," said Mike Bieber, Willdan’s Chief Executive Officer. "These projects build on our 24-year history of service to Alameda County and demonstrate our ability to deliver creative and cost-effective approaches to modernize infrastructure, strengthen resilience, and achieve lasting energy and cost savings."
The contract represents a continuation of Willdan’s long-standing relationship with Alameda County, where the company has provided services for over two decades.
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