PowerSecure wins $23MM in new power systems business

Source:PowerSecure International

PowerSecure has been awarded approximately $23 million of new business for distributed generation, energy efficiency, and utility infrastructure

PowerSecure International, Inc. (NYSE: POWR) has been awarded approximately $23 million of new business. The new business awards include approximately $14 million of new distributed generation (DG) business, approximately $5 million in new energy efficiency (EE) sales and approximately $4 million of additional utility infrastructure (UI) business.

The $14 million in new DG awards include $8 million of new turnkey sales for a variety of hospital, data center, industrial, waste water and retail projects, and $6 million in new PowerSecure-owned recurring revenue DG projects for a major national retailer and two regional healthcare facilities.

The $5 million in new EE awards include projects to serve large ESCO customers by implementing energy efficiency improvements at several municipal facility and public school locations in Arizona, California, Florida, New Jersey and New York.

The $4 million in new UI awards include substation, transmission and distribution work for ongoing utility system maintenance and construction projects.

"These new business awards across multiple business areas reflect the breadth of products and solutions we offer to utility, commercial and ESCO partners to deliver exceptional reliability, drive energy efficiency and generate meaningful cost-savings," said Sidney Hinton, chief executive officer of PowerSecure.

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