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 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 were down nearly 4% in recent trading.
Price: 36.76, Change: -1.43, Percent Change: -3.74
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