NV5 Global, Inc. announced that it has been awarded $14 million in contract wins by utilities to support asset management and vegetation management of electrical transmission and distribution grid infrastructure. Increasing demand for electricity without investments in new electrical generation places additional reliability and efficiency requirements on the aging electrical grid. NV5's geospatial data acquisition technologies, predictive analytics, proprietary algorithms, and engineering design methodologies make it uniquely qualified to assess potential hazards and reliability challenges in utility grid assets.

A prominent West Coast utility selected NV5 for a one-year, $7 million contract to deliver lidar and imagery for the utility's asset management and engineering program. The scope of the project includes electrical transmission infrastructure across numerous terrains throughout the utility's service area. NV5 was also selected for $7 million of geospatial asset management and electrical distribution infrastructure inspection services.

NV5 will identify distribution assets and vegetation encroachments to mitigate fire risks and support service safety and reliability.