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.”

You may also be interested in...

U.S. Air Force

Air Force Picks Nine Awardees for Potential $400M Skyborg UAV Prototyping Support IDIQ

Nine entities have won spots on a potential $400M contract to develop autonomous elements and support prototyping of the U.S. Air Force's Skyborg unmanned aircraft for experimental purposes.

US Army Humvee

AM General Secures $458M in Army Humvee Component Supply Contracts

AM General has landed a pair of potential five-year contracts worth $458M combined from the Defense Logistics Agency to supply parts for the U.S. Army's High Mobility Multipurpose Wheeled Vehicles.