NV5 secures $13 million in utility project contracts

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NV5 secures $13 million in utility project contracts
Credit: © Reuters.

HOLLYWOOD, Fla. - NV5 Global, Inc. ( NASDAQ :NVEE), a professional services provider, announced it has secured contracts totaling $13 million to support various utility projects in the Western United States. The contracts include services aimed at wildfire protection, gas transmission, and regulatory compliance.

The largest of the new contracts is a one-year deal valued at $8 million, where NV5 will provide engineering, design, and surveying services as part of a wildfire protection program. This initiative is designed to mitigate fire risks associated with overhead utility equipment on the West Coast.

The program underscores the increasing focus on safeguarding communities against the backdrop of frequent and severe wildfires in the region.

In addition, a two-year contract worth $3.5 million has been awarded to NV5 by a West Coast utility to offer a suite of services, including engineering design, survey, construction inspection, geotechnical engineering, and project management support for a gas transmission main project.

A further one-year contract for $1.5 million was secured to support utility initiatives that ensure transmission pipelines comply with regulatory standards. NV5's role will encompass engineering, design, and permitting support services.

Dickerson Wright, PE, Chairman and CEO of NV5, emphasized the importance of maintaining safe and reliable utility infrastructure. He remarked that the investments by West Coast utility providers show a strong commitment to infrastructure resilience and meeting the country's changing energy demands.

NV5 Global, Inc. specializes in technology, conformity assessment, and consulting solutions across various sectors, including utility services, infrastructure engineering, and environmental health sciences. The company operates from more than 100 locations both domestically and internationally.

The announcement is based on a press release statement and reflects the ongoing efforts by utility providers to enhance infrastructure resilience and adapt to evolving energy requirements. The contracts are expected to reinforce NV5's presence in the utility services market and its contribution to critical infrastructure projects.

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