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SMECO Selects ICF for $18 Million Energy Efficiency Contract

Fairfax, Va

|

Jun 15, 2017

ICF Will Deliver Residential and Commercial Energy Efficiency Portfolio

Southern Maryland Electric Cooperative (SMECO), has selected ICF (NASDAQ:ICFI), a consulting and technology services provider to government and commercial clients around the world, for a new contract to design and deliver its residential and commercial energy efficiency portfolio. The contract, which was awarded in the first quarter, is valued at $18 million and has a term of three years.

“SMECO relies on ICF’s diverse combination of services—energy technology, digital and interactive services, data analytics, IT solutions, contractor training, marketing and call center support—to deliver cost-effective, customer-centric energy efficiency programs,” said Jeff Shaw, vice president of distributed energy and sustainability for SMECO. “We look forward to continuing to work with ICF to develop and implement programs designed to help our customer-members save energy and money.”

ICF has delivered SMECO’s energy efficiency portfolio for the past nine years, providing strategic advisory and implementation services and helping the cooperative plan for the next generation of demand side management programs. Over this period, SMECO has garnered multiple JD Power customer satisfaction and ENERGY STAR awards for its programs.

ICF’s Southern Maryland-based team will continue to serve as a trusted advisor to SMECO as it works to achieve increasingly aggressive statewide energy efficiency goals by motivating customers across multiple communities to engage in energy‐saving behaviors. The Maryland Public Service Commission is expected to approve the cooperative’s 2018-20 program filings in December.

“ICF is proud of its role in helping SMECO build award-winning programs that keep the customer front and center,” said Mike Mernick, senior vice president for ICF. “We are thrilled to continue to work with SMECO to further integrate its energy efficiency and demand response programs and empower its customers to make smart energy decisions to realize even greater cost savings.”

SMECO is a customer-owned electric cooperative that provides electricity to more than 160,000 services in Southern Maryland.

For More Information

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 together with digital strategists, data scientists and creatives. We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve their most complex challenges. Since 1969, public and private sector clients have worked with ICF to navigate change and shape the 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 the 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 the 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 the effects of the novel coronavirus disease (COVID-19) and related federal, state and local government actions and reactions on the health of our staff and that of our clients, the continuity of our and our clients' operations, our results of operations and our outlook. These and other factors that could cause our actual results to differ from those indicated in forward-looking statements THAT are included in the "Risk Factors" section of our securities filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and we specifically disclaim any obligation to update these statements in the future.

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