ANAHEIM, Calif.—(BUSINESS WIRE)—Willdan Group, Inc. (NASDAQ: WLDN) announced today that the California Energy Commission (CEC) has awarded Willdan a grant to demonstrate emerging energy efficiency technologies through the Electric Program Investment Charge (EPIC). These technologies will be demonstrated at the South Coast Air Quality Management District (SCAQMD) headquarters facility in Diamond Bar, California for the purposes of testing for scalability in the larger California commercial market. The grant project, titled Bundle-Based Energy Efficiency Technology Solutions for California (BEETS), has a duration of three and a half years and once completed will improve efficiency at the SCAQMD facility by over 20%. The project has $4 million in CEC EPIC funding and $2.3 million in match funding, for a total project budget of $6.3 million, along with several subcontractor donations of time and equipment.
“This project is an opportunity for Willdan to demonstrate the value and impact of clean energy projects, and to overcome the challenges of implementing new technologies in existing buildings,” said Tom Brisbin, Willdan’s CEO.
As part of the BEETS project, Willdan developed three bundles of pre-commercial technologies for the following spaces: laboratory and critical environments, office and exterior spaces, and chilled water plants. Technologies will include chillers using a new refrigerant that does not deplete the ozone layer; LED fixtures with integrated, advanced controls; an advanced building management system; direct current lighting systems; advanced ventilation and laboratory fume hood exhaust systems; wirelessly integrated plug load controls; and a platform capable of demand response.
About the California Energy Commission
The California Energy Commission is the state's primary energy policy and planning agency. The agency was established by the California Legislature through the Warren-Alquist Act in 1974. It has seven core responsibilities: advancing state energy policy, encouraging energy efficiency, certifying thermal power plants, investing in energy innovation, developing renewable energy, transforming transportation and preparing for energy emergencies.
The South Coast Air Quality Management District is the air pollution control agency for all of Orange County and the urban portions of Los Angeles, Riverside and San Bernardino counties. This area of 10,743 square miles is home to over 16.8 million people–about half the population of California. SCAQMD’s mission is to clean the air and protect the health of all residents in the South Coast Air District through practical and innovative strategies.
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.
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