Willdan Group, Inc. (WLDN Quick QuoteWLDN - Free Report) revealed that Huntsville Utilities is set to implement Integral Analytics' LoadSEER software, facilitating advanced load forecasting and grid planning for the City of Huntsville, AL.

LoadSEER’s deployment will enhance the grid readiness for the increasing integration of distributed energy resources (DERs) and electric vehicles. It is worth noting that Integral Analytics operates as a wholly-owned software subsidiary of Willdan.

This enterprise software license, facilitated by LoadSEER, empowers geospatial forecasting and planning. These capabilities will enhance decision-making and transparency in the development of Huntsville Utilities’ capital infrastructure budget.

The company is optimistic about expanding its LoadSEER user group to an Alabama-based municipal utility — the first in this state. Municipal utilities increasingly recognize LoadSEER's effectiveness in simplifying grid resource planning and optimization. Improved forecasting is crucial in the current landscape, marked by the accelerated adoption of DERs contributing to the complexity of electrical grids.

Focus on Integral Analytics Software

Willdan's Integral Analytics software facilitates cost-effective grid modernization for utilities, irrespective of the generation source — be it solar, wind or batteries. The software assists in integrating these sources seamlessly into the local grid, ensuring optimal efficiency and benefits.

During the third-quarter 2023 earnings call, the company highlighted that its assessment work for one of the largest healthcare groups in America, involving 1,200 facilities to achieve their decarbonization goals affordably. The company completed a study for New York City, covering 4,000 buildings. Utilizing proprietary software, the company prioritizes building and measures implementation within the allocated budget.

The demand for its services remains healthy, driven by the energy transition and demand for municipalities. For the first nine months of 2023, consolidated contract revenues increased 12.2% and net revenues rose 16.6% year over year. The upside was backed by strong backlog and continuing demand across the broad range of services. For 2023, the company anticipated a net revenue growth of 10% to 12%, implying net revenue in the range of $250 million to $225 million.
 

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WLDN has gained 4.9% in the past year compared with the Zacks Engineering - R and D Services industry’s 21.4% rise. The Zacks Rank #3 (Hold) company’s 2024 earnings and sales are likely to witness growth of 19.2% and 12.1% year over year, respectively.

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