HOLLYWOOD, Fla., March 13, 2017 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”)
(Nasdaq:NVEE), a provider of professional and technical engineering and consulting solutions, announced today that it was awarded
dual contracts to provide Delegate Chief Building Official (DCBO) services on behalf of the California Energy Commission (Energy
Commission) for the first construction phase of two combined cycle power plants owned and operated by The AES Corporation. The
contracts were won by NV5’s Energy Group with a combined value of approximately $11 million over three years.
The Alamitos Energy Center (AEC) and the Huntington Beach Energy Project (HBEP), both located in Southern California, will
generate an estimated total of 1,040 MW and 844 MW, respectively, once completed.
NV5 has been providing DCBO services for the demolition and abatement of the existing Huntington Beach Generating Station over
the last year. Once this process is finished, construction of the upgraded HBEP will begin. HBEP construction activities are
expected to continue through the year 2025 and AEC construction activities are projected to last 56 months. NV5 will be awarded
additional fees for all subsequent phases of the projects.
Dickerson Wright, PE, Chairman and CEO of NV5, said, “The energy services practice our team has built, particularly with regard
to DCBO services, addresses the needs of a prestigious market with very high barriers to entry, and we are pleased to see it
thriving and growing.”
Kevin Wedman, CBO, Senior Vice President of Energy at NV5, explained, “As DCBO for the Energy Commission, our team works with
the Project Owner to verify health and life safety and that each Project is designed, constructed, and operated in conformity with
the Energy Commission’s decisions, applicable California Building Standards Codes, applicable local building codes, and other
applicable laws, ordinances, regulations, and standards (LORS).”
“Due to their proximity to protected wetlands and Pacific Ocean beaches, both power plants are high-profile projects,” said
Shannon Hunter, NV5 Project Manager. “We are looking forward to continuing to work with our client to provide the best service
possible.”
About The AES Corporation
The AES Corporation (NYSE:AES) is a Fortune 200 global power company. AES provides affordable, sustainable energy to 17
countries through its diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. The AES
workforce of 21,000 people is committed to operational excellence and meeting the world’s changing power needs. The AES
Corporation’s 2015 revenues were $15 billion and we own and manage $37 billion in total assets. AES is dedicated to improving the
lives of its customers by leveraging energy solutions that encompass a broad range of technologies and fuel types, including coal,
diesel, gas, oil, pet coke and renewables. AES employees share a passion to help meet the world’s current and increasing energy
needs, while providing communities and countries the opportunity for economic growth due to the availability of reliable,
affordable electric power. Learn more about The AES Corporation on the company’s website.
About NV5
NV5 Global, Inc. (NASDAQ:NVEE) is a provider of professional and technical engineering and consulting solutions to
public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. NV5 primarily
focuses on five business verticals: construction quality assurance, infrastructure, engineering and support services, energy,
program management, and environmental solutions. The Company is headquartered in Hollywood, FL and operates and operates
out of 75 locations in 26 states nationwide and abroad in Macau, Shanghai, Hong Kong, and Vietnam. For
additional information, please visit the Company’s website. Also visit the Company on Twitter, LinkedIn, Facebook, and Vimeo.
Contact NV5 Global, Inc. Lauren Wright, Ph.D. Director of Investor Relations Tel: +1-408-392-7233 Email: ir@nv5.com
