NV5 Awarded Contracts Totaling $11 Million for Energy Services
March 13 2017 - 8:00AM
NV5 Global, Inc. (the “Company” or “NV5”)
(Nasdaq:NVEE), a provider of professional and technical engineering
and consulting solutions, announced today that it was awarded dual
contracts to provide Delegate Chief Building Official (DCBO)
services on behalf of the California Energy Commission (Energy
Commission) for the first construction phase of two combined cycle
power plants owned and operated by The AES Corporation. The
contracts were won by NV5’s Energy Group with a combined value of
approximately $11 million over three years.
The Alamitos Energy Center (AEC) and the Huntington Beach Energy
Project (HBEP), both located in Southern California, will generate
an estimated total of 1,040 MW and 844 MW, respectively, once
completed.
NV5 has been providing DCBO services for the demolition and
abatement of the existing Huntington Beach Generating Station over
the last year. Once this process is finished, construction of the
upgraded HBEP will begin. HBEP construction activities are expected
to continue through the year 2025 and AEC construction activities
are projected to last 56 months. NV5 will be awarded additional
fees for all subsequent phases of the projects.
Dickerson Wright, PE, Chairman and CEO of NV5, said, “The energy
services practice our team has built, particularly with regard to
DCBO services, addresses the needs of a prestigious market with
very high barriers to entry, and we are pleased to see it thriving
and growing.”
Kevin Wedman, CBO, Senior Vice President of Energy at NV5,
explained, “As DCBO for the Energy Commission, our team works with
the Project Owner to verify health and life safety and that each
Project is designed, constructed, and operated in conformity with
the Energy Commission’s decisions, applicable California Building
Standards Codes, applicable local building codes, and other
applicable laws, ordinances, regulations, and standards
(LORS).”
“Due to their proximity to protected wetlands and Pacific Ocean
beaches, both power plants are high-profile projects,” said Shannon
Hunter, NV5 Project Manager. “We are looking forward to continuing
to work with our client to provide the best service possible.”
About The AES Corporation
The AES Corporation (NYSE:AES) is a Fortune 200 global power
company. AES provides affordable, sustainable energy to 17
countries through its diverse portfolio of distribution businesses
as well as thermal and renewable generation facilities. The AES
workforce of 21,000 people is committed to operational excellence
and meeting the world’s changing power needs. The AES Corporation’s
2015 revenues were $15 billion and we own and manage $37 billion in
total assets. AES is dedicated to improving the lives of its
customers by leveraging energy solutions that encompass a broad
range of technologies and fuel types, including coal, diesel, gas,
oil, pet coke and renewables. AES employees share a passion to help
meet the world’s current and increasing energy needs, while
providing communities and countries the opportunity for economic
growth due to the availability of reliable, affordable electric
power. Learn more about The AES Corporation on the company’s
website. About NV5 NV5 Global, Inc. (NASDAQ:NVEE)
is a provider of professional and technical engineering and
consulting solutions to public and private sector clients in the
infrastructure, energy, construction, real estate and environmental
markets. NV5 primarily focuses on five business verticals:
construction quality assurance, infrastructure, engineering and
support services, energy, program management, and environmental
solutions. The Company is headquartered in Hollywood,
FL and operates and operates out of 75 locations in 26 states
nationwide and abroad in Macau, Shanghai, Hong Kong,
and Vietnam. For additional information, please visit the
Company’s website. Also visit the Company on Twitter, LinkedIn,
Facebook, and Vimeo.
Contact
NV5 Global, Inc.
Lauren Wright, Ph.D.
Director of Investor Relations
Tel: +1-408-392-7233
Email: ir@nv5.com
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