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Los Angeles County Selects ICF for $70 Million in New Energy Efficiency Work Orders

County renewal decisions will determine funding under the work orders’ approximately $70 million combined ceiling.

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ICF (ICFI) won two Los Angeles County energy efficiency work orders in early August 2026 with a combined ceiling of approximately $70 million. Funding is subject to the county exercising renewal options. ICF is one of three implementers supporting the Southern California Regional Energy Network’s public-sector programs under the county’s Energy Support Services Master Agreement.

The orders expand ICF’s work under that agreement, which also covers the county’s residential and agricultural portfolios. ICF will help public agencies identify, fund and carry out energy efficiency and distributed energy resource projects. Its planned services include engineering, project targeting, financing and construction management support. ICF also plans to use its Sightline platform to analyze energy demand and target program activity. The projects are designed to lower energy costs and support grid reliability.

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Positive

  • Two multiyear work orders expand ICF’s scope under its Los Angeles County master agreement.
  • Approximately $70 million is the work orders’ combined ceiling value.

Negative

  • Funding under the work orders depends on the county exercising renewal options.

Market Context

ICF’s $20 million Northeast energy-efficiency award on Aug. 27 provides a contract comparator: it co...
Analysis

ICF’s $20 million Northeast energy-efficiency award on Aug. 27 provides a contract comparator: it covered implementation for a utility consortium, while this Los Angeles County award expands public-sector work under a separate master agreement.

Key Figures

Combined ceiling value: Approximately $70 million Work orders: 2 Implementers: 1 of 3
Combined ceiling value
Approximately $70 million
Two Los Angeles County work orders; funding depends on the county exercising renewal options
Work orders
2
New multiyear orders under the county's Energy Support Services Master Agreement
Implementers
1 of 3
ICF will support SoCalREN public-sector energy-efficiency programs

Historical Context

1 past event · Latest: Aug 27
1 event
  1. Aug 27

    Contract award

    24h Move
    +0.5%

    ICF received a $20 million Northeast utilities energy-efficiency recompete contract for program implementation.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

distributed energy resource
1 terms
distributed energy resource technical
"distributed energy resource projects designed to lower energy costs"
Small-scale power sources or storage devices — such as rooftop solar panels, home batteries, small wind turbines, or electric vehicle chargers — located close to where electricity is used rather than at a big power plant. They matter to investors because they change how energy is produced, sold and valued: like turning many homes into mini power stations, they can create new revenue streams, reduce demand for traditional power plants, alter utility costs and regulation, and shift where capital and subsidies flow.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Public Sector Programs Will Help Lower Energy Costs and Strengthen Grid Reliability Across Southern California

RESTON, Va., Sept. 28, 2026 /PRNewswire/ -- ICF (NASDAQ: ICFI), a leading global solutions and technology provider, was recently awarded two new, multiyear work orders under the County of Los Angeles Energy Support Services Master Agreement to serve as one of three implementers supporting the Southern California Regional Energy Network's (SoCalREN) public sector energy efficiency programs. The work orders, which were awarded in early August 2026, have a combined ceiling value of approximately $70 million, with funding subject to the county's decision to exercise renewal options.

These new work orders expand ICF's scope under the master agreement, which also includes delivery of the county's residential and agricultural portfolios.

ICF will provide end-to-end program implementation services across SoCalREN's expansive service territory, including engineering, data-driven customer and project targeting, marketing and engagement, financing, and construction management support. The work will assist public agencies in identifying, funding and implementing energy efficiency and distributed energy resource projects designed to lower energy costs, strengthen resilience and support grid reliability.

ICF will combine its deep energy program delivery expertise and strong local partner network with leading-edge technologies, including ICF Sightline®, one of the industry's most trusted utility customer program platforms for analytics and insights, to pinpoint where and when energy demand is highest, predict ways to reduce grid stress and deliver targeted strategies to communities with the greatest needs.

"Public agencies play a critical role in strengthening grid reliability," said Kyle Wiggins, ICF senior vice president for energy, environment and infrastructure. "For more than a decade, we have supported SoCalREN in expanding access to affordable energy solutions, launching four new public sector programs and nearly doubling the portfolio's annual energy savings. We look forward to building on that momentum to expand participation, accelerate high-impact projects and deliver measurable outcomes across the communities they serve."

ICF delivers hundreds of energy efficiency, electrification and demand management programs for leading North American utilities serving residential, commercial and small business customers. The company helps clients design and implement cost-effective programs to enable energy savings for customers and system benefits to utilities. ICF's energy, technology and marketing experts collaborate with clients to increase program participation and make lasting community impact through advanced customer insights and targeting, robust analytics and award-winning customer engagement.

About ICF
ICF is a leading global solutions and technology provider. At ICF, business analysts and policy specialists work together with digital strategists, data scientists and creatives. We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve their most complex challenges. Since 1969, public and private sector clients have worked with ICF to navigate change and shape the future. Learn more at icf.com.

Caution Concerning Forward-looking Statements
Statements that are not historical facts and involve known and unknown risks and uncertainties are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995, as amended. Such statements may concern our current expectations about our future results, plans, operations and prospects and involve certain risks, including those related to: the government contracting industry generally; our dependence on contracts with U.S. federal, state and local, and international government clients for the majority of our revenue; failure by Congress or other governmental bodies to approve budgets and appropriations in a timely fashion, reductions in government spending, and the impact of a lengthy federal government shutdown; the current Administration's policy changes, executive orders, and failure to spend Congressionally mandated appropriations, including the resulting effect on government audits and contract terminations; changes in federal government budgeting and spending priorities; our ability to estimate and control costs under our fixed-price contracts; the realization of our backlog; the dependence of our commercial work on sectors of the global economy that are highly cyclical; and our ability to acquire and successfully integrate businesses. These and other factors that could cause our actual results to differ materially from those indicated in our forward-looking statements are described in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2025, and in our subsequent filings with the Securities and Exchange Commission. The forward-looking statements included herein are made only as of the date hereof, and we specifically disclaim any obligation to update these statements in the future.

Contact: Lauren Dyke, lauren.dyke@ICF.com, +1.571.373.5577

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/los-angeles-county-selects-icf-for-70-million-in-new-energy-efficiency-work-orders-302891538.html

SOURCE ICF

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much are ICF’s Los Angeles County energy efficiency work orders worth?

The two work orders have a combined ceiling value of approximately $70 million. That ceiling is not guaranteed funding; funding is subject to the county’s decision to exercise renewal options.

What will ICF do under the Los Angeles County energy efficiency work orders?

ICF will provide program implementation services for public-sector energy efficiency programs. The planned work includes engineering, data-driven customer and project targeting, marketing and engagement, financing, and construction management support.

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