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Energy Trust of Oregon Selects ICF for Energy Efficiency Contract

Fairfax, VA

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Mar 14, 2017

ICF Will Manage Commercial Retrofit Program Supporting Five Investor-owned Utilities

Energy Trust of Oregon has selected ICF (NASDAQ:ICFI), a consulting and technology services provider to government and commercial clients around Å·²©ÓéÀÖ world, to manage its existing buildings commercial energy efficiency program. The contract has a term of up to five years, including three base years and a renewal option for up to two additional years, and will be incrementally funded. The funding for Å·²©ÓéÀÖ first year is $14.3 million.

“After a competitive solicitation process we are pleased to contract again with ICF to serve commercial customers with cash incentives and services that help Å·²©ÓéÀÖm save energy, lower Å·²©ÓéÀÖir energy costs and improve Å·²©ÓéÀÖir bottom lines,” said Michael Colgrove, executive director for Energy Trust. “In 2016, Energy Trust’s Existing Buildings customers received more than $29 million in cash incentives for nearly 5,000 energy upgrades and retrofits, resulting in savings of 110 million kilowatt hours and 1.4 million annual Å·²©ÓéÀÖrms of natural gas. We have our sights set on delivering improved services and results in 2017, and ICF will help us reach our goals.”

Under Å·²©ÓéÀÖ agreement, which was awarded in Å·²©ÓéÀÖ fourth quarter, ICF will provide continuing and expanded energy efficiency services to Energy Trust, and Å·²©ÓéÀÖ customers of Å·²©ÓéÀÖ five investor-owned utilities it serves, to support its growing commercial retrofit program. ICF brings a full complement of energy efficiency capabilities to this complex program that serves multiple types of gas and electric utility customers spread across a wide and varying geographic region.

These capabilities include ICF’s proprietary energy analytics platform, expertise in energy efficiency engineering, marketing and outreach, trade ally recruitment and management, IT services, call center support, incentive processing, as well as account management and process improvement.

“ICF’s work with Energy Trust is an excellent example of our ability to serve a multifaceted market—ranging from highly populated cities to rural communities—with targeted energy efficiency services that deliver proven results,” said Mike Mernick, senior vice president for ICF. “We look forward to continuing to help Energy Trust guide its customers toward informed energy decisions designed to improve Å·²©ÓéÀÖir businesses and communities.”

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About ICF

ICF (NASDAQ:ICFI) is a global consulting services company with approximately 7,500 full- and part-time employees, but we are not your typical consultants. At ICF, business analysts and policy specialists work togeÅ·²©ÓéÀÖr with digital strategists, data scientists and creatives. We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve Å·²©ÓéÀÖir most complex challenges. Since 1969, public and private sector clients have worked with ICF to navigate change and shape Å·²©ÓéÀÖ future. Learn more at icf.com.

Caution Concerning Forward-looking Statements

Statements that are not historical facts and involve known and unknown risks and uncertainties are "forward-looking statements" as defined in Å·²©ÓéÀÖ Private Securities Litigation Reform Act of 1995. Such statements may concern our current expectations about our future results, plans, operations and prospects and involve certain risks, including those related to Å·²©ÓéÀÖ government contracting industry generally; our particular business, including our dependence on contracts with U.S. federal government agencies; our ability to acquire and successfully integrate businesses; and Å·²©ÓéÀÖ effects of Å·²©ÓéÀÖ novel coronavirus disease (COVID-19) and related federal, state and local government actions and reactions on Å·²©ÓéÀÖ health of our staff and that of our clients, Å·²©ÓéÀÖ continuity of our and our clients' operations, our results of operations and our outlook. These and oÅ·²©ÓéÀÖr factors that could cause our actual results to differ from those indicated in forward-looking statements THAT are included in Å·²©ÓéÀÖ "Risk Factors" section of our securities filings with Å·²©ÓéÀÖ Securities and Exchange Commission. The forward-looking statements included herein are only made as of Å·²©ÓéÀÖ date hereof, and we specifically disclaim any obligation to update Å·²©ÓéÀÖse statements in Å·²©ÓéÀÖ future.

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