PowerSecure Adds $20M in New Business

February 21, 2014 By Linda Hardesty

Power SecurePowerSecure says it has garnered $20 million of new business, including about $7 million of new turnkey distributed generation (DG) business, nearly $7 million of additional utility infrastructure (UI) business and $6 million in new energy efficiency sales. An investor relations spokesman for PowerSecure said the new business has mostly been obtained within the last month.

The $7 million in DG awards include a hospital project and turnkey DG projects for data centers, industrial sites, wastewater treatment facilities and retailers.

The $7 million in new UI awards include substation, transmission and distribution work for ongoing utility system maintenance and construction projects, including anticipated near term transmission work for a large utility, which was announced in November 2013.

The $6 million in new energy efficiency awards includes projects to its ESCO customers by implementing energy efficiency improvements at several federal facilities and public school locations.

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