Leidos' Ongoing Commitment to Energy Efficiency
Leidos (NYSE: LDOS) is excited to announce its continued partnership with Hawai'i's Public Utilities Commission. This collaboration aims to enhance energy efficiency and reduce carbon emissions across the state. The company's steadfast dedication is positioned to benefit residents and businesses alike as they strive for sustainable energy solutions.
New Contract for Energy Administration
Under a new three-year contract worth $127 million, Leidos will manage the Hawai'i Energy program and oversee the Electric Vehicle (EV) Charging Station Rebate initiative. This extensive role also includes implementing market strategies, education efforts, and training programs to foster sustainable practices.
Supporting Energy Transformation Initiatives
Bill Johnson, Senior Vice President of Energy, Infrastructure, and Automation at Leidos, emphasizes the importance of lowering energy demand and improving overall efficiency. By ensuring each island optimizes its energy production, Leidos works towards enhancing the state's energy independence and long-term security.
Impact of Hawai'i Energy Program
Since 2009, Leidos has been at the forefront of the Hawai'i Energy program, successfully delivering over $7 billion in energy savings statewide. Over the last year, the initiative provided more than 18,000 rebates worth approximately $20 million, demonstrating significant financial benefits to the community.
Broader Commitment to Energy Innovation
This partnership is a reflection of Leidos' commitment to advancing energy efficiency and resilience nationwide. The company's NorthStar 2030 strategy notably emphasizes strengthening energy infrastructure and promoting sustainable practices throughout its operations.
About Leidos
Leidos is globally recognized for its leadership in technology and industry, serving both government and commercial sectors with innovative digital solutions. Headquartered in Reston, Virginia, Leidos employs around 47,000 people and generated approximately $16.7 billion in revenue in the last fiscal year. For more details, visit www.leidos.com.
Frequently Asked Questions
What is the primary goal of Leidos' partnership in Hawai'i?
The partnership aims to reduce energy costs and carbon emissions while enhancing the sustainability of the energy infrastructure.
How much is the new contract awarded to Leidos?
The new three-year contract is valued at $127 million.
What benefits has the Hawai'i Energy program provided?
The program has delivered over $7 billion in energy savings and millions in rebates for the residents involved since its inception.
What specific initiatives is Leidos managing in Hawai'i?
Leidos is managing the Hawai'i Energy program and the EV Charging Station Rebate program, focusing on market solutions and educational efforts.
How does Leidos' commitment reflect its broader goals?
Leidos aims to promote energy efficiency and resilience in infrastructure through its NorthStar 2030 strategic focus, aligning with innovative technologies and services.
