PowerSecure International has received $15 million of new business awards, the company has announced in a press release.

Including a contract to serve a new utility with these services, $5 million of the new Utility Infrastructure awards include transmission and distribution construction and maintenance for utilities. The majority of the utility infrastructure work is expected to be performed and recognized over the next 24 months, the company stated in a press release.

Sidney Hinton, CEO of PowerSecure, said, “We are pleased to announce these new awards, which include a nice mix of distributed generation and utility infrastructure projects, including both turn-key sales and recurring revenue contracts. Our new distributed generation recurring revenue contracts include additional store locations for a major retailer, as we continue to demonstrate our value and earn additional opportunities to serve them. And our new utility infrastructure work is a direct result of cross selling.”

A wide range of customers, including hospital, pharmaceutical, industrial, military, and retail facilities will get the $10 million of new IDG projects to provide smart grid power systems.

While approximately $6 million of this new business is for PowerSecure-owned recurring revenue contracts, which are expected to be recognized over the next 5-7 years, approximately $4 million of this new business is turn-key, project-based revenue, which the Company expects to recognize primarily in 2012.

Recently, the company announced that it has been awarded with $15 million new business awards. Out of the $15 million new business awards, $9 million orders is for Interactive Distributed Generation(IDG) smart grid power systems, while the other $6 million is for utility infrastructure projects which the company is expecting to recognize by Q4 of 2011 through to Q3 of 2012. The new IDG projects ($9 million) comprise awards for delivering industrial customers, hospitals, and defense facilities with smart grid power systems.