Willdan to Implement $330M Program for Nation’s Largest Municipal Utility

ANAHEIM, Calif.--(BUSINESS WIRE)--Willdan Group, Inc. (NASDAQ: WLDN) announced today that the Los Angeles Department of Water and Power, the nation’s largest municipal utility, has awarded Willdan a $330-million contract to manage and implement the Commercial Direct Install Program. Under this five-year contract, Willdan will provide turnkey energy efficiency, water conservation, and electrification retrofit services to eligible businesses, municipal facilities, and select K-12 schools. The Commercial Direct Install Program contributes toward the City of Los Angeles’s goal to power 100 percent of the City’s electricity from renewable resources by 2035.

“We are excited to build on LADWP’s legacy of providing cost-effective energy efficiency measures to support local businesses and government infrastructure,” said Mike Bieber, Willdan’s CEO. “This program aligns well with Willdan’s capabilities – from resource integration planning for states and utilities to our program management expertise as one of the largest energy efficiency implementers in the country.”

About Willdan

Willdan is a nationwide provider of professional, technical, and consulting services to utilities, government agencies, and private industry. Willdan’s service offerings span a broad set of complementary disciplines that include electric grid solutions, energy efficiency and sustainability, energy policy planning and advisory, engineering and planning, and municipal financial consulting. For additional information, visit Willdan's website at www.willdan.com.

Forward-Looking Statements

Statements in this press release that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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, 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, 2023. 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.