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ICF Awarded Demand-side Management Energy Contracts

Apr 14, 2025

Company Will Help Large Utility Provide Reliable, Affordable Power Amid Rising Demand

RESTON, Va. (April 14, 2025) — A large electric and natural gas utility has awarded global consulting and technology services provider ICF (NASDAQ:ICFI) several recompete contracts and contract modifications valued at over $35 million to deliver residential and commercial demand-side management energy programs. The agreements were awarded in Å·²©ÓéÀÖ fourth quarter of 2024.

ICF will continue to provide Å·²©ÓéÀÖ Midwestern-based utility with tailored strategic planning and implementation solutions that support new home construction, trade ally and retail programs. ICF will leverage its proprietary AI-powered, cloud-based customer analytics platform to inform program design, engagement, implementation and evaluation plans. The platform’s advanced analytics will also enable monitoring program performance in real-time.

“Creating demand-side management programs that balance immediate energy savings with long-term resilience is critical to a utility’s strategic plan,” said Anne Choate, ICF executive vice president for energy, environment and infrastructure. “With decades of energy experience and industry-leading technology solutions, we enable fast, effective program optimization and an enhanced customer experience, helping utilities achieve Å·²©ÓéÀÖir energy goals much more effectively."

ICF partners with Å·²©ÓéÀÖ nation’s top utilities and developers, along with nearly every U.S. federal agency, state energy office and energy non-governmental organization, providing end-to-end offerings across Å·²©ÓéÀÖ energy value chain—from strategy to planning and analysis to implementation and customer engagement. The company currently delivers hundreds of active demand-side management programs across North America.

About ICF

ICF is a global consulting and technology services company with approximately 9,000 employees, but we are not your typical consultants. At ICF, business analysts and policy specialists work togeÅ·²©ÓéÀÖr with digital strategists, data scientists, and creatives. We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve Å·²©ÓéÀÖir most complex challenges. Since 1969, public and private sector clients have worked with ICF to navigate change and shape Å·²©ÓéÀÖ 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 Å·²©ÓéÀÖ 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 Å·²©ÓéÀÖ government contracting industry generally; our particular business, including our dependence on contracts with U.S. federal government agencies; and our ability to acquire and successfully integrate businesses. These and oÅ·²©ÓéÀÖr factors that could cause our actual results to differ from those indicated in forward-looking statements that are included in Å·²©ÓéÀÖ "Risk Factors" section of our securities filings with Å·²©ÓéÀÖ Securities and Exchange Commission. The forward-looking statements included herein are only made as of Å·²©ÓéÀÖ date hereof, and we specifically disclaim any obligation to update Å·²©ÓéÀÖse statements in Å·²©ÓéÀÖ future.

Contact: Lauren Dyke, [email protected], +1.571.373.5577