PowerSecure International today announced it has been awarded $50 million in new business, including approximately $26 million of new distributed generation (DG) business, approximately $16 million of new utility infrastructure business and approximately $8 million of new energy efficiency business.
"2015 is off to a strong start for PowerSecure with meaningful wins across all of our business segments, including sophisticated microgrid projects where customers are turning to PowerSecure to provide increasingly complex solutions that require our expertise integrating multiple power sources and components with our proven control technology," said Sidney Hinton, chief executive officer of PowerSecure.
The new business awards include:
Distributed Generation
$8 million of microgrid projects to integrate multiple generation sources, renewables, fuel cells and storage technology with PowerSecure's control solutions for a Fortune 500 technology company and an investor owned utility
$7 million of new DG solutions for healthcare, data center, retail, utility, municipal and industrial customers
$6 million of company-owned DG systems for an existing Fortune 500 retail customer, and the extension of an existing contract with a utility customer
$5 million of new commercial and developer driven solar projects
Utility Infrastructure
$16 million of new transmission and distribution work for existing investor owned and cooperative utility customers
Energy Efficiency
$6.5 million of geothermal and other energy efficiency projects for an ESCO customer at military and federal facilities
$1.5 million of retail energy efficiency projects at multiple store locations for new and existing Fortune 500 retail customers
"We remain optimistic about our strong project pipeline and continue to intensely focus on operational excellence and our pursuit of opportunities for both 2015 and 2016," Hinton added.
