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HOLLYWOOD, Fla., March 13, 2017 -- 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: [email protected]
