NV5 Secures $26M In Contracts To Enhance Utility Grid Efficiency And Reliability Through Tech-Enabled Geospatial Services
Portfolio Pulse from Benzinga Newsdesk
NV5 has secured $26 million in contracts to improve utility grid efficiency and reliability using tech-enabled geospatial services. The project covers 80,000 miles of energy distribution, utilizing AI and proprietary data collection platforms.
October 17, 2024 | 12:08 pm
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NV5 has obtained $26 million in contracts to enhance utility grid efficiency and reliability through AI and geospatial services, covering 80,000 miles of energy distribution.
The $26 million contracts represent a significant revenue opportunity for NV5, indicating strong demand for their tech-enabled services. The use of AI and proprietary platforms suggests a competitive edge, likely boosting investor confidence and short-term stock performance.
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