Willdan Group Secures $11 Million Energy Modernization Project in South Lake Tahoe-June 2024-www.financetom.com

Willdan Group Secures $11 Million Energy Modernization Project in South Lake Tahoe

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Willdan Group Secures $11 Million Energy Modernization Project in South Lake Tahoe

Jan 7, 2025 12:53 PM

03:32 PM EST, 01/07/2025 (MT Newswires) -- Willdan Group ( WLDN ) Tuesday afternoon said it has received an $11 million contract to modernize energy infrastructure for the city of South Lake Tahoe, California.

The project will improve operational efficiencies and reduce carbon emissions and includes the installation of a cogeneration microturbine, photovoltaic solar panels, and advanced automation systems for all municipal buildings.

Willdan ( WLDN ) said it will also install water meters, power transformers, and a carbon dioxide ice plant using an environmentally friendly refrigerant at the community ice arena.

Work is expected to take around two years, according to the company.

Shares of Willdan Group ( WLDN ) were down nearly 4% in recent trading.

Price: 36.76, Change: -1.43, Percent Change: -3.74

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