Consortium of Northeast Utilities Selects ICF for $20 Million Contract ICF Will Support Multiple Utilities' New Home Construction Programs
A consortium of utilities has selected ICF (NASDAQ:ICFI), a consulting and technology services provider to government and commercial clients around the world, for a re-compete contract to provide energy efficiency support services to the consortium members' residential new home construction programs. The contract has a combined value of $19.5 million and a term of up to three years including a two-year base period and a one-year option period. It consists of seven separate agreements, one of which was awarded in the fourth quarter.
"For 10 years, ICF has helped consortium members promote increased energy efficiency in their new home and building construction programs, contributing to their year-over-year recognition as national leaders in program delivery," said Mike Mernick, senior vice president for ICF. "We look forward to working with our clients to unlock even deeper energy savings and, in turn, improve their building energy code compliance rates."
In today's world of smart technologies, connected homes and the internet of things, ICF is helping clients stay ahead of market trends and realize long-term cost efficiencies and energy savings through their new construction programs. Under this contract, ICF will help our clients identify these opportunities in their expanding programs, which now include increased support for high-rise multifamily and commercial and industrial metered buildings, in addition to traditional residential and multifamily buildings.
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