Parsons Secures Demand Response Tech Contract with LADWP for Grid Optimization

Key Facts

1Parsons Corporation (PSN) was selected by the Los Angeles Department of Water & Power (LADWP) to provide demand response technology and services.

2The technology will support the optimization of distributed energy sources within the electrical grid.

Parsons Corporation (PSN) has been selected by the Los Angeles Department of Water & Power (LADWP) to provide advanced demand response technology and integration services. The partnership aims to optimize the operation of distributed energy resources within the city's electrical grid, supporting a strategic modernization plan. Parsons' technology will facilitate better energy management and grid stability during peak demand periods. This contract award validates the company's smart infrastructure solutions within the municipal utility sector. While the specific financial terms were not disclosed, the agreement is expected to provide a steady revenue stream for the firm. This move further solidifies Parsons' position as a key provider in the evolving sustainable energy technology market.