VSE Unit Awarded National Laboratory Contract To Support Energy Efficiency and Renewable Energy Programs
ALEXANDRIA, Va., Aug. 10 /PRNewswire/ -- Energetics, Incorporated (Energetics), a subsidiary of VSE Corporation (Nasdaq: VSEC), was recently awarded a contract to provide Analytical and Technical Support to Oak Ridge National Laboratory (operated by University of Tennessee/Battelle) in reference to the Energy Efficiency and Renewable Energy (EE) Programs within the U.S. Department of Energy. The three-year contract, which was effective as of April 2000, represents potential revenues of up to $5 million, depending upon customer requirements and funding availability. The contract includes two one-year options following a one-year base period.
Energetics has provided technical and management support to EE Programs for the past 20 years. During this time, Energetics has supported program areas such as high-temperature superconductivity, advanced transportation technologies, distributed generation, combined heat and power systems, and the Industries of the Future. Energetics staff has applied its core competencies and expertise to provide technology evaluations, R&D support, strategic planning, and technology-oriented market assessments.
"We will help to commercialize the next generation of clean and efficient power, transportation, and industrial technologies. These efforts will facilitate competition in domestic electric markets and will enhance our nation's ability to compete in global markets," said Bob Kelly, President of Energetics.
Energetics provides diversified services and products to energy, environmental, and information technology markets. Energetics' principal customers are agencies of the U.S. government and other government prime contractors. Energetics provides services from locations in Columbia, Maryland; Washington, DC; and Morgantown, West Virginia. |
