PowerSecure (Nasdaq: POWR) has landed a contract with a company that plans to build a series of new data centers.
The first contracts are worth $13 million, the Wake Forest-based company says.
The new client was not disclosed.
PowerSecure disclosed the “strategic relationship” with the client through a master services agreement on Monday before the markets opened.
The deal calls for PowerSecure to provide integrated, end-to-end power systems for the data centers “across multiple locations over the next several years.”
The $13 million covers the first two centers, which are to be constructed in the Western U.S.
“We are thrilled that by leveraging PowerSecure’s deep utility relationships, and our integrated, turnkey approach to deliver industry-leading reliability and unique value to the customer, we were able to secure a breakthrough data center relationship that enables our new customer to deploy our design and solutions across multiple locations for maximum efficiency,” said Sidney Hinton, chief executive officer of PowerSecure, in a statement.
PowerSecure is scheduled to report its next financials on March 4.
