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  • Thursday, April 18, 2024

SAIC Picks Up Clean-Energy Support Contract

SAIC (NYSE: SAI) won a deal from U.S. Geothermal Inc. to support the San Emidio project — construction of a geothermal power plant in northwest Nevada.

According to the firm, “the contract has a 15-month period of performance and a contract value of more than $22 million. Work will be performed by SAIC’s wholly owned, design-build subsidiary, The Benham Companies LLC. SAIC is also providing a project loan for the Phase 1 construction costs.”

SAIC is pleased for the chance to support and develop clean-energy initiatives.

“The benefits of geothermal energy are far reaching — since it does not burn fuel, energy production is clean, and renewable, ” J.T. Grumski, SAIC senior vice president and business unit general manager, said. “We look forward to helping design and build this new-generation power plant that produces renewable base-load electricity, while mitigating environmental impact.”

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