Department of Energy Awarded a Contract to FTI CONSULTING, INC. for $425,132.60

Q: Where is FTI CONSULTING, INC. located?

555 12TH STREET NORTH WEST WASHINGTON DISTRICT OF COLUMBIA UNITED STATES

Signed on

1/1/2024, 12:00 AM

FTI CONSULTING, INC. Government Contract #89303024CLP000094

FTI CONSULTING, INC. was awarded a contract with the United States Government for $425,132.60. The contract was awarded by the agency office HEADQUARTERS PROCUREMENT SERVICES, which is a division with the Department of Energy within the Department of Energy.

Summary of Award

The recipient of the federal contract is FTI CONSULTING, INC., a U.S.-Owned Business located in Washington, D.C. The contract, funded by the Department of Energy, is for financial advisory support for a loan application related to a compressed air energy storage project by Hydrostor, valued at $425,132.60. Notable transactions include payments of $148,560 and $328,308, along with a deduction of $51,735.40.

Contract Details

Contract ID89303024CLP000094

Contract TypeD

Total Obligation$425,132.60

Exercised Options$425,132.60

Base Amount + Options$425,132.60

Date Signed2024-01-01

Contract DescriptionFINANCIAL ADVISOR FOR SUPPORT OF A LOAN APPLICATION FOR A LONG-DURATION COMPRESSED AIR ENERGY STORAGE PROJECT. HYDROSTOR.

Start Date2023-12-27

End Date2025-12-31

Agency Details

Awarding AgencyDepartment of Energy

Awarding Sub AgencyDepartment of Energy

Awarding OfficeHEADQUARTERS PROCUREMENT SERVICES

Funding AgencyDepartment of Energy

Funding Sub AgencyDepartment of Energy

Funding OfficeLOAN PROGRAMS OFFICE

Recipient Details

RecipientFTI CONSULTING, INC.

Recipient Location555 12TH STREET NORTH WEST WASHINGTON DISTRICT OF COLUMBIA, UNITED STATES

Business CategoriesCategory Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Comments

Award Transactions

Transaction #P00002 | $-51,735.40August 21, 2025

Department of Energy, a sub agency of Department of Energy, issued a payment of $-51,735.40 to FTI CONSULTING, INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00001 | $148,560.00September 17, 2024

Department of Energy, a sub agency of Department of Energy, issued a payment of $148,560.00 to FTI CONSULTING, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #0 | $328,308.00January 1, 2024

Department of Energy, a sub agency of Department of Energy, issued a payment of $328,308.00 to FTI CONSULTING, INC.. The payment included a Subsidy Cost of $0.00.