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.”