Parsons Corporation Secures Major Army Contract for Energy Solutions

Parsons Corporation Receives $20 Million Contract

Parsons Corporation is excited to announce a significant achievement with the award of a $20 million contract from the U.S. Army Corps of Engineers (USACE). This noteworthy contract focuses on enhancing energy resilience and sustainability for the LTC Hernan G. Pesquera Army Reserve Center located in Puerto Rico. Designed to span a period of 610 days, this project encompasses new opportunities for Parsons as it continues to expand its footprint in critical infrastructure.

Details of the Microgrid Project

The contract aims to bolster energy reliability through vital infrastructure enhancements at the Army Reserve Center in Juana Diaz, Puerto Rico. Parsons will implement a comprehensive solution that includes security measures, backup generators, photovoltaic cells, a Battery Energy Storage System (BESS), and advanced microgrid controllers, alongside all necessary cabling. These installations are expected to create a more robust and efficient energy system that meets the growing demands for sustainable power sources.

Commitment to Energy Solutions

Jon Moretta, President of Engineered Systems for Parsons, emphasized the importance of energy within the framework of critical infrastructure protection. He stated, "Energy is a vital component of critical infrastructure protection, and Parsons' leading energy solutions combined with our other technology offerings enable us to deliver end-to-end capabilities to secure facilities and bases." With this project, Parsons aims to advance the Army Reserve's objectives concerning power stability and energy efficiency.

Building on Existing Collaborations

This award continues Parsons' commitment to enhancing Puerto Rico's infrastructure. Just months prior, the company announced its participation in a significant indefinite-delivery, indefinite-quantity task order contract for the Puerto Rico Power System Stabilization Project. With a total ceiling value of $5 billion, this contract from the USACE Savannah District focuses on providing temporary power generation solutions to support Puerto Rico's power grid stabilization as the region recovers from various natural disasters.

About Parsons Corporation

Parsons Corporation (NYSE: PSN) is recognized as a leading provider of disruptive technology in national security and global infrastructure sectors. Their expertise spans across various domains, including cyber and intelligence, space and missile defense, transportation, environmental remediation, and urban development. The commitment to innovation is evident in their numerous projects, showcasing their ability to enhance community resilience and operational efficiency.

Focused Energy Solutions

Parsons continues to advocate for innovative energy solutions that not only meet immediate needs but also pave the way for a sustainable future. The advancements made through their projects significantly contribute to improving energy independence and security, especially in areas vulnerable to natural disasters.

Contact Information

For media inquiries, Jonathan Larry can be contacted at +1 706.832.7330 or via email at jonathan.larry@parsons.com. For investor relations, you can reach out to Dave Spille at +1 703.775.6191 or contact him by email at Dave.Spille@parsons.us.

Frequently Asked Questions

What is the primary goal of the contract awarded to Parsons?

The primary goal is to enhance energy resilience and sustainability at the Pesquera Army Reserve Center in Puerto Rico through a new microgrid system.

How much is the contract worth?

The contract is valued at $20 million, covering a 610-day period of performance.

What types of infrastructure improvements will Parsons implement?

Parsons will install security measures, generators, photovoltaic cells, a Battery Energy Storage System, microgrid controllers, and cabling to ensure a reliable energy system.

What previous projects has Parsons completed in Puerto Rico?

Previously, Parsons was awarded a task order contract for the Puerto Rico Power System Stabilization Project, valued at $5 billion, focusing on temporary power generation.

How can I learn more about Parsons Corporation?

For more information on Parsons' solutions, you can visit their official website or follow them on various social media platforms to stay updated on their initiatives and projects.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.