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ICF Awarded Contract to Modernize Home Energy Systems Across Southern California

1. ICF awarded a $40 million contract for energy programs in Southern California. 2. The contract supports residential electrification and energy efficiency upgrades. 3. ICF's Sightline® platform will identify communities needing energy assistance. 4. The initiative aims to improve air quality, reduce bills, and ease grid strain. 5. ICF emphasizes reliability and affordability amidst increasing energy costs.

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FAQ

Why Bullish?

The $40 million contract indicates strong demand for ICF's services, suggesting revenue growth. Historically, similar contracts have positively impacted stock performance.

How important is it?

The contract enhances ICF's market position and financial outlook, likely boosting investor confidence.

Why Long Term?

The multi-year nature of the contract indicates sustained revenue and potential future opportunities. Long-term contracts lead to stable earnings growth for firms like ICF.

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Helping Thousands of Homes Lower Bills and Lessen Strain on the Electric Grid , /PRNewswire/ -- ICF (NASDAQ:ICFI), a leading global solutions and technology provider, was recently awarded a new, multi-year $40 million contract to implement large-scale residential energy programs across six Southern California counties. The contract was awarded in the second quarter of 2025. ICF will partner with local community organizations and trade allies to help the counties integrate high-impact, no-cost energy and electrification upgrades into existing home infrastructures. These upgrades will help thousands of households improve indoor air quality, reduce energy bills and strengthen their resilience to extreme heat, all while easing strain on the power grid. ICF's Sightline®, one of the utility industry's most trusted customer program analytics platforms, will be used to pinpoint communities of greatest need and continuously monitor program performance. The company will also deploy advanced digital twin technology to simulate, monitor and analyze grid impact in a virtual environment before deployment. "Communities across the country are experiencing a tension between reliable power and affordability," said Anne Choate, ICF executive vice president for energy, environment and infrastructure. "We're proud to couple three decades of energy program experience with the latest technology to help Southern California households have more reliable and affordable energy." ICF is one of the top utility program providers and residential electrification implementors in North America. The company provides end-to-end offerings across the energy value chain for top utilities, developers, federal agencies and state energy offices nationwide—from strategy to planning and analysis to implementation and customer engagement. About ICFICF is a leading global solutions and technology provider with approximately 9,000 employees. 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 StatementsStatements 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. 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 particular business, including our dependence on contracts with U.S. federal government agencies; our ability to acquire and successfully integrate businesses; and various risks and uncertainties related to health epidemics, pandemics, and similar outbreaks. These and other factors that could cause our actual results to differ from those indicated in forward-looking statements that are included in the "Risk Factors" section of our securities filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and we specifically disclaim any obligation to update these statements in the future. Contact: Lauren Dyke, [email protected], +1.571.373.5577 SOURCE ICF WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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