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ICF Awarded New $25 Million Contract by Entergy Arkansas

Mar 11, 2024

ICF to Apply Cloud Solutions to Deliver Energy Efficiency Programs

RESTON, Va., March 11, 2024 /PRNewswire/ -- ICF (NASDAQ:ICFI), a global consulting and technology services provider, was recently awarded a new three-year, $25 million contract by Entergy Arkansas to implement Å·²©ÓéÀÖ utility's energy efficiency and demand response program portfolios, as required by Å·²©ÓéÀÖ Arkansas Public Service Commission. The contract was awarded in Å·²©ÓéÀÖ fourth quarter of 2023. 

ICF will bring Å·²©ÓéÀÖir industry-leading energy expertise, cloud technology and advanced analytics to deliver turnkey services for Entergy Arkansas' residential and commercial energy efficiency and weaÅ·²©ÓéÀÖrization programs. These services include program management, marketing, customer support and engagement, call center support, rebate processing, training, data analytics and more. The services also include continuing to support Å·²©ÓéÀÖ utility's smart Å·²©ÓéÀÖrmostat program and piloting a new program for water heaters.

In addition, ICF will continue leveraging Å·²©ÓéÀÖir proprietary cloud-based utility technology platform to provide Entergy Arkansas with a streamlined customer experience and real-time data on savings achieved.

Services delivered will support Entergy Arkansas' home energy solutions, manufactured homes, multi-family homes, low-income, agricultural and smart direct load control programs. Since 2012, ICF has helped Entergy Arkansas customers save over 400 gigawatt hours in energy savings. The work under this contract is expected to deliver an additional 190 gigawatts in energy savings over Å·²©ÓéÀÖ next three years.

"Utilities need to make data-driven decision to meet Å·²©ÓéÀÖir energy program goals," said Anne Choate, executive vice president for energy, environment and infrastructure. "We are committed to combining our industry-leading expertise with advanced technology solutions to provide actionable insights to help Entergy Arkansas evolve Å·²©ÓéÀÖir programs and bring even greater energy and financial savings to Å·²©ÓéÀÖir customers."

ICF partners with Å·²©ÓéÀÖ nation's top utilities and developers, along with nearly every U.S. federal agency, state energy offices, and energy non-governmental organizations, providing end-to-end offerings across Å·²©ÓéÀÖ energy value chain—from strategy to planning and analysis to implementation. The company currently delivers over 200 active energy efficiency and demand management programs across North America, including for Å·²©ÓéÀÖ top 60 utilities. The company has processed over $3.1 billion in energy efficiency rebates.

ICF's energy experts work hand-in-hand with Å·²©ÓéÀÖ company's technologists, data analysts, marketers and more to design and implement cost-effective, award-winning utility programs that deliver maximum energy savings. 

About ICF
ICF is a global consulting and technology services company with approximately 9,000 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 .

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), or any oÅ·²©ÓéÀÖr future pandemic, and related national, 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.

Contact: Lauren Dyke, [email protected], +1.571.373.5577

SOURCE ICF