Business contract award

Parsons Wins LADWP Demand Response Contract

Analysis based on 7 articles · First reported Apr 20, 2026 · Last updated Apr 20, 2026

Sentiment

Attention

Articles

Market Impact

Direct

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Market Impact

The market is positively impacted by Parsons Corporation securing a significant contract with the Los Angeles Department of Water & Power, indicating growth in the demand response technology sector. This event also highlights the increasing focus on clean electricity and grid resiliency within the utility industry.

Utilities Technology Infrastructure

Event Summary

Parsons Corporation announced it has been selected by the Los Angeles Department of Water & Power (LADWP) to provide demand response technology, integration, and services. This five-year contract involves providing a Demand Response Management System (DRMS) to LADWP, which is crucial for the utility's goal of achieving 100 percent clean electricity by 2035. The Parsons Corporation system offers out-of-the-box interoperability with existing utility systems, enhancing grid resiliency and expanding LADWP's demand response capacity more than fourfold. Mark Fialkowski, president of Infrastructure North America for Parsons Corporation, emphasized the importance of resilient energy systems in meeting the growing needs driven by artificial intelligence and data centers.

Key Actions

100 Parsons Corporation selected by United States===Los Angeles Department of Water and Power for contract United States===Los Angeles Department of Water and Power

100 United States===Los Angeles Department of Water and Power awarded contract to Parsons Corporation Parsons Corporation

Entities Involved

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Parsons Corporation

Parsons Corporation was selected by the Los Angeles Department of Water & Power to provide demand response technology, integration, and services. This five-year contract will expand their demand response capacity and enhance grid resiliency, positively impacting Parsons Corporation's revenue and market position in the utility sector.

Importance 100 Sentiment 50

govactor

United States===Los Angeles Department of Water and Power

The Los Angeles Department of Water & Power (LADWP) selected Parsons Corporation to implement a Demand Response Management System (DRMS). This initiative is crucial for LADWP's goal of achieving 100 percent clean electricity by 2035 and will significantly expand its demand response capacity.

Importance 90 Sentiment 40

per

Mark Fialkowski

Mark Fialkowski, president of Infrastructure North America for Parsons Corporation, commented on the importance of resilient energy systems and the company's role in helping cities meet growing energy needs.

Importance 10 Sentiment 20

cnt

United States

Parsons Corporation has implemented meter and operational management integration solutions with more than 400 public power utilities across the United States, indicating a broader impact of their technology within the nation.

Importance 5 Sentiment 10

Relationships

Parsons Corporation related ↔ United States===Los Angeles Department of Water and Power

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