Company Will Help Improve Grid Reliability
Across the U.S.
RESTON,
Va., Nov. 12, 2024 /PRNewswire/ -- ICF
(NASDAQ:ICFI), a global consulting and technology services
provider, was awarded a new subcontract by Allegheny Science &
Technology (AST), a leading woman-owned technology and energy
solutions firm, to provide energy advisory and implementation
services to the U.S. Department of Energy's Grid Deployment
Office (GDO).
The subcontract, which was awarded in the third quarter of 2024
and supports a blanket purchase agreement awarded to AST, has a
term of over five years, including a 10-month base, four one-year
option periods and one six-month option period.
With AST, ICF will provide operational and technical services to
GDO to support the implementation of mission-critical programs that
will accelerate the development of efficient, equitable electric
infrastructure programs across the nation. These programs support
key elements of the Infrastructure Investment and Jobs Act (IIJA),
Inflation Reduction Act and other legislation designed to
strengthen the nation's infrastructure and advance the transition
to clean energy.
"America is in the midst of a historic transition toward cleaner
and safer energy sources, and we are thrilled to work with AST in
support of DOE in catalyzing the development of new and upgraded
electric infrastructure across the country," said Anne Choate, executive vice president for
energy, environment and infrastructure. "Together, we will
accelerate the delivery of modernized solutions that will lower
energy costs and improve grid reliability and resilience."
Through the project, ICF will deliver a full suite of integrated
energy capabilities, including transmission planning, engineering,
community and stakeholder engagement, advanced analytics,
environmental analyses, program evaluation and more.
Over the past two years, ICF has provided market, analytic and
engineering support to GDO's implementation of the Transmission
Facilitation Program and Grid Resilience Formula Grant Program.
These initiatives, established by IIJA, allocate $5 billion in grants, loans and other financial
mechanisms to expand and reinforce the transmission grid to support
the transition to clean energy.
With over 50 years in the energy industry, ICF's energy experts'
partner with the nation's top utilities and developers, along with
nearly every U.S. federal agency, state energy offices and energy
non-governmental organizations, providing end-to-end offerings
across the energy value chain—from strategy to resource planning
and analysis to valuation and implementation. These experts work
hand-in-hand with the company's technologists, data analysts and
more to help clients advance the nation's transition to clean
energy. Read more about ICF's energy solutions.
AST is a premier provider of energy and technology solutions
dedicated to leveraging an extensive background and capabilities in
emerging energy and information technologies, business
transformation and enterprise IT services. Since their founding in
2009, AST has demonstrated success
across energy, national security, business and information
technology and environmental management markets. For more about
AST, visit alleghenyst.com.
About ICF
ICF is a global consulting and technology
services company with approximately 9,000 employees, but we are not
your typical consultants. At ICF, business analysts and policy
specialists work together with digital strategists, data scientists
and creatives. We combine unmatched industry expertise with
cutting-edge engagement capabilities to help organizations solve
their most complex challenges. Since 1969, public and private
sector clients have worked with ICF to navigate change and shape
the future. Learn more at icf.com.
Caution Concerning Forward-looking
Statements
Statements that are not historical facts
and involve known and unknown risks and uncertainties are
"forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995. Such statements may concern our
current expectations about our future results, plans, operations
and prospects and involve certain risks, including those related to
the government contracting industry generally; our particular
business, including our dependence on contracts with U.S. federal
government agencies; our ability to acquire and successfully
integrate businesses; and various risks and uncertainties related
to health epidemics, pandemics, and similar outbreaks. These and
other factors that could cause our actual results to differ from
those indicated in forward-looking statements that are included in
the "Risk Factors" section of our securities filings with the
Securities and Exchange Commission. The forward-looking statements
included herein are only made as of the date hereof, and we
specifically disclaim any obligation to update these statements in
the future.
Contact: Lauren Dyke,
lauren.dyke@ICF.com, +1.571.373.5577
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SOURCE ICF
