ANAHEIM, Calif.--(BUSINESS WIRE)--
Willdan Group, Inc. (NASDAQ: WLDN) today announced that Hawaiian
Electric Company has selected Integral Analytics' LoadSEER software
application to provide foundational forecasting, planning and
distributed energy resource (DER) intelligence in support of the
utility's Grid Modernization Strategy. Integral Analytics was acquired
by Willdan in July 2017.
LoadSEER will be used across the organization for short- and long-term
circuit-level planning; renewables, storage, efficiency, investment
impacts, electric vehicles all impact forecasts for each island. The
multi-year license agreement envisions a staged deployment, with
Hawaiian Electric deployed on Oahu in early 2018, followed by Hawaii
Electric Lightand Maui Electric companies.
"Distribution planning and distributed energy resources are now
interdependent functions requiring a software platform able to
successfully deliver our modernization goals," said Colton Ching,
Hawaiian Electric senior vice president for planning and technology. "We
believe that LoadSEER is now a foundational application for integrated
Hawaiian Electric's "Modernizing Hawaii's Grid for Our Customers" plan
outlines a program and integrated grid planning process. The goal is to
leverage technology and data-intensive services to ensure reliable
service at the lowest cost. Hawaii has the nation's most aggressive
renewable energy goal of 100 percent by 2045.
"Hawaiian Electric is challenged with integrating more distributed
energy resources than any U.S. utility," said Kevin Kushman, President
of Integral Analytics. "We're thrilled that LoadSEER will serve as an
intelligent backbone application for their comprehensive grid
As part of this plan, LoadSEER will integrate directly to multiple
utility data sources and existing engineering and forecasting tools,
delivering dynamically-updated, granular load profiles, value and impact
analysis for solar, electric vehicle, demand response and other DER for
up to 30 years. LoadSEER's configurable user experience allows for live
scenario analysis and risk-modeling leveraging cloud computing to
evaluate thousands of grid impacts and create the most capital-efficient
In deploying LoadSEER, Hawaiian Electric joins more than three dozen
utilities across North America that use Integral Analytics software
products, collectively serving more than 40 million customers.
Willdan provides professional consulting and technical services to
utilities, public agencies and private industry throughout the United
States. The Company's service offerings span a broad set of
complementary disciplines that include energy efficiency and
sustainability, engineering and planning, financial and economic
consulting, and national preparedness. Willdan provides integrated
technical solutions to extend the reach and resources of its clients,
and provides all services through its subsidiaries specialized in each
segment. For additional information, visit Willdan's website at www.willdan.com.
About Integral Analytics
Integral Analytics, a unit of Willdan Group, Inc., provides trusted
software products that merge economics and engineering to deliver
statistically-robust forecasting and valuation analytics through which
utilities and distributed energy resource owners make optimized
financial and engineering decisions. More information is available at: www.integralanalytics.com.
About Hawaiian Electric Company
Since 1891, Hawaiian Electric has powered the islands' development from
a kingdom to a modern American state. Hawaiian Electric and its
subsidiaries, Maui Electric and Hawaii Electric Light, serve the islands
of Oahu, Maui, Lanai, Molokai and Hawaii, home to 95 percent of Hawaii's
people. In a changing world, the Hawaiian Electric Companies are leading
in adding renewable energy and developing energy solutions for customers
to achieve a clean energy future for Hawaii.
Statements in this press release that are not purely historical,
including statements regarding Willdan's intentions, hopes, beliefs,
expectations, representations, projections, estimates, plans or
predictions of the future are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. The
forward-looking statements involve risks and uncertainties including,
but not limited to, the risk that Willdan will not be able to expand its
services or meet the needs of customers in markets in which it operates.
It is important to note that Willdan's actual results could differ
materially from those in any such forward-looking statements. Factors
that could cause actual results to differ materially include, but are
not limited to, a slowdown in the local and regional economies of the
states where Willdan conducts business and the loss of or inability to
hire additional qualified professionals. Willdan's business could be
affected by a number of other factors, including the risk factors listed
from time to time in Willdan'sSEC reports including, but not limited
to, the Annual Report on Form 10-K filed for the year ended December 30,
2016 and the Quarterly Report on Form 10-Q for the quarter ended June
30, 2017. Willdan cautions investors not to place undue reliance on the
forward-looking statements contained in this press release. Willdan
disclaims any obligation to, and does not undertake to, update or revise
any forward-looking statements in this press release.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171019005504/en/
Willdan Group, Inc.
Financial Profiles, Inc.
Tony Rossi, 310-622-8221
Source: Willdan Group, Inc.
News Provided by Acquire Media