- Hitachi Energy and Grid United have established an **Engineering Services Agreement (ESA)** for the **North Plains Connector (NPC)**, an interregional transmission system, marking the next phase of their collaboration to strengthen transmission capacity between the Eastern and Western U.S. grids.  **[1357971_23c24551171e452c9e8dd30751e8f273_1]** 
- The NPC is a **420-mile high-voltage direct current (HVDC)** system, operating at **±525 kilovolts (kV)**, designed to transport up to **3,000 megawatts (MW)** of electricity between Montana and North Dakota.  **[1357971_23c24551171e452c9e8dd30751e8f273_1]** 
- This project aims to address increasing energy demand driven by **AI data center growth** and industrial electrification, and will be the **first transmission system connecting three major U.S. energy markets** (MISO, SPP, and WECC).  **[1357971_23c24551171e452c9e8dd30751e8f273_0]** **[1357971_23c24551171e452c9e8dd30751e8f273_1]** 
- Under the ESA, Hitachi Energy will provide early-stage engineering services, including technical specifications for the HVDC converter stations, to reduce project risk and accelerate execution.  **[1357971_23c24551171e452c9e8dd30751e8f273_1]**

ESOA: Hitachi Energy and Grid United Announce Key Milestone for North Plains Connector

- Energy Services of America Corporation's (ESOA) subsidiary, Nitro Construction Services, Inc., completed the acquisition of Rigney Digital Systems Ltd Co. on **September 30, 2025**.  **[1357971_0001104659-25-095058_tm2527403d1_ex99-1.htm:0]** **[1357971_0001104659-25-095058_tm2527403d1_8k.htm:1]** 
- Rigney Digital Systems, a regional leader in **HVAC control systems**, will maintain its brand identity, staff, and client relationships.  **[1357971_0001104659-25-095058_tm2527403d1_ex99-1.htm:0]** 
- The acquisition expands Nitro Construction's expertise in **building technology**.  **[1357971_0001104659-25-095058_tm2527403d1_ex99-1.htm:0]** 
- The purchase price for Rigney Digital Systems included **$3.0 million in cash**, **$1.0 million of Energy Services' common stock**, and a **$500,000 sellers' note**.  **[1357971_0001104659-25-095058_tm2527403d1_8k.htm:1]**

Energy Services of America Subsidiary Completes Rigney Digital Systems Acquisition

- Energy Services of America (ESOA) reported **$352 million** in revenue and **$29 million** in adjusted EBITDA for its last fiscal year, ending September 30.  **[1357971_tx_375173_1]**  As of June, the company's backlog stood at **$304 million**.  **[1357971_tx_375173_1]** **[1357971_tx_375173_6]** 
- The company was added to the **Russell 2000** in June  **[1357971_tx_375173_0]**  and has been actively pursuing **mergers and acquisitions**, having completed approximately **four acquisitions**, including Tribute Contracting in December 2024.  **[1357971_tx_375173_1]** **[1357971_tx_375173_5]** 
- ESOA provides shareholder returns through a quarterly dividend of **3 cents per share** and has an active stock repurchase plan with approximately **786,000 shares remaining**.  **[1357971_tx_375173_2]** **[1357971_tx_375173_6]** 
- The company's fiscal second quarter was impacted by **inclement weather** and **customer spending delays**, particularly in gas transmission projects, which hindered profitability and EBITDA margin.  **[1357971_tx_375173_6]**  ESOA aims to grow its water distribution services significantly.  **[1357971_tx_375173_6]**