ICF Awarded a Significant Subcontract from AST
Company Will Help Improve Grid Reliability Across the U.S.
ICF (NASDAQ: ICFI) has been awarded a key subcontract from Allegheny Science & Technology (AST), a reputable woman-owned technology and energy solutions firm. This collaboration is set to provide essential energy advisory and implementation services to the U.S. Department of Energy's Grid Deployment Office (GDO).
Terms and Objectives of the Subcontract
This subcontract, awarded in the third quarter of 2024, aligns with a broader blanket purchase agreement awarded to AST. It spans over five years, consisting of a 10-month base period followed by four one-year option periods and one six-month option period.
Under this contract, ICF and AST will combine their strengths to support the implementation of critical programs designed to boost the development of efficient and equitable electric infrastructure nationwide. These efforts are integral to the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act, both focusing on reinforcing the nation's infrastructure and advancing the shift towards clean energy.
Support for Clean Energy Initiatives
Anne Choate, executive vice president for energy, environment, and infrastructure at ICF, shared her enthusiasm, stating, "America is currently experiencing a historic transition toward cleaner and safer energy sources. We are excited to partner with AST in supporting the DOE to drive the development of upgraded electrical infrastructure across the country." She emphasized the significance of delivering modern solutions to reduce energy costs and enhance grid reliability and resilience.
Comprehensive Energy Capabilities to be Delivered
Through this collaboration, ICF will provide a wide array of integrated energy services. These include transmission planning, engineering support, community engagement, advanced analytics, comprehensive environmental analyses, and program evaluation to ensure the successful implementation of these programs.
History of Support to GDO
For the last two years, ICF has been actively contributing market, analytical, and engineering support for the GDO’s Transmission Facilitation Program and Grid Resilience Formula Grant Program. These critical initiatives, put forth by the IIJA, grant approximately $5 billion toward expanding and fortifying the transmission grid to promote the transition to clean energy.
With over 50 years in the energy field, ICF collaborates closely with the top utilities and developers across the nation, in addition to almost every federal agency and state energy office. This partnership enables ICF to offer comprehensive services throughout the energy value chain—from strategic planning and resource analysis to implementation and valuation.
AST's Role in the Partnership
AST brings extensive experience in energy solutions, innovative technologies, and IT services to this partnership. Since its inception in 2009, AST has established itself as a leader in the energy and environmental management sectors, delivering effective solutions across various markets.
About ICF
ICF is a global consulting and technology services company employing around 9,000 professionals. Rather than typical consultants, ICF brings together business analysts, digital strategists, data scientists, and creative thinkers to address the complexities of various challenges. Since 1969, ICF has assisted both public and private clients in navigating transformative change within their organizations.
Frequently Asked Questions
What is the aim of ICF's new subcontract with AST?
The subcontract aims to provide energy advisory and implementation services to the U.S. Department of Energy to improve the grid's reliability and support clean energy initiatives.
How long is the subcontract between ICF and AST?
The subcontract spans over five years, including various option periods to ensure continued support and collaboration.
What services will ICF provide under this subcontract?
ICF will deliver integrated energy capabilities, such as transmission planning, engineering support, stakeholder engagement, and advanced analytics.
How does this subcontract align with national infrastructure goals?
This effort aligns with the Infrastructure Investment and Jobs Act and other legislation designed to modernize infrastructure and promote clean energy advancements.
What experience does ICF have in the energy sector?
ICF has over 50 years of experience, partnering with utilities, federal agencies, and energy organizations to provide comprehensive energy solutions.
