Supports U.K.'s decarbonization and energy
security future
DALLAS, Oct. 3, 2024
/PRNewswire/ -- Jacobs (NYSE: J) has been appointed by
the U.K. Department for Energy Security & Net Zero (DESNZ) to
deliver technical project management support to the Carbon Capture,
Usage and Storage (CCUS) program, an essential element of the
U.K.'s commitment to deliver a net-zero economy by 2050.
CCUS will help decarbonize industry, generate low-carbon energy
and enable low-carbon hydrogen production at scale. The program
will facilitate the low carbon transformation of the U.K.'s
industrial base by the creation of "clusters" of industrial, power
and hydrogen projects around transport and storage
infrastructure.
Jacobs will deliver technical project management, strategic and
change management advisory services, data solutions and risk
and quality management. Jacobs will also deliver associated
strategic support to the Hydrogen and Industrial Carbon Capture
program and provide advisory consultancy, end-to-end innovation,
design and analytics with strategic partner PA Consulting (PA). For
its part, PA will draw on its technology, design and analytics
experience to ensure the U.K.'s approach to carbon capture is
innovative and impactful.
The contract with DESNZ is for an initial term of two years with
an option to extend by up to two additional one-year periods.
"CCUS is an important enabler to the diverse mix of cross-market
decarbonization and energy transition solutions needed to meet
net-zero ambitions and enhance the U.K.'s energy security for the
future," said Jacobs Senior Vice President Kate Kenny. "We bring technical and strategic
program management experience across CCUS projects, critical
infrastructure and whole energy systems as the CCUS program drives
continued development and scaling in deployment."
Jacobs' global experience in the emerging CCUS market includes
work on deep geological exploration, environmental consenting,
design and major program management of complex, multi-stakeholder
infrastructure projects. Jacobs' growing portfolio in
decarbonization and energy transition includes delivering strategic
route options for the U.K.'s National Gas, supporting BaroMar with
a Long-Duration Underwater Energy Storage Pilot, collaborating with
Fortescue Future Industries on its renewables and hydrogen
projects, and as program manager for the ARCHES Hydrogen
Hub in California.
At Jacobs, we're challenging today to reinvent tomorrow –
delivering outcomes and solutions for the world's most complex
challenges. With a team of approximately 45,000, we provide
end-to-end services in advanced manufacturing, cities & places,
energy, environmental, life sciences, transportation and water.
From advisory and consulting, feasibility, planning, design,
program and lifecycle management, we're creating a more connected
and sustainable world. See how at jacobs.com and connect with
us on LinkedIn, Instagram, X and Facebook.
Jacobs holds a 65% stake in PA Consulting, with the remaining
35% held by PA employees. Both Jacobs and PA operate as separate
entities, each responsible for serving clients independently.
Certain statements contained in this press release constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are statements that do not directly relate to any
historical or current fact. When used herein, words such as
"expects," "anticipates," "believes," "seeks," "estimates,"
"plans," "intends," "future," "will," "would," "could," "can,"
"may," and similar words are intended to identify forward-looking
statements. We base these forward-looking statements on
management's current estimates and expectations, as well as
currently available competitive, financial and economic data.
Forward-looking statements, however, are inherently uncertain.
There are a variety of factors that could cause business results to
differ materially from our forward-looking statements including,
but not limited to, uncertainties as to the impact of the recently
completed separation transaction pursuant to which we spun off and
merged our Critical Missions Solutions and Cyber & Intelligence
government services businesses with Amentum (together, "new
Amentum ") on Jacobs' and new Amentum's businesses, the timing of
the award of projects and funding and potential changes to the
amounts provided for under the Infrastructure Investment and Jobs
Act and other legislation related to governmental spending, as well
as general economic conditions, including inflation and the actions
taken by monetary authorities in response to inflation, changes in
interest rates and foreign currency exchange rates, changes in
capital markets, the possibility of a recession or economic
downturn, increased uncertainty and risks, including policy risks
and potential civil unrest, relating to the outcome of elections
across our key markets and elevated geopolitical tension and
conflicts, among others, and the impact of any future pandemic or
infectious disease outbreak, including the related reaction of
governments on global and regional market conditions, among others.
For a description of some additional factors that may occur that
could cause actual results to differ from our forward-looking
statements, see the discussions contained under Item 1 - Business;
Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 -
Management's Discussion and Analysis of Financial Condition and
Results of Operations in our most recently filed Annual Report on
Form 10-K, and Item 2 - Management's Discussion and Analysis of
Financial Condition and Results of Operations; Item 1 - Legal
Proceedings; and Item 1A - Risk Factors in our most recently filed
Quarterly Report on Form 10-Q, as well as the company's other
filings with the Securities and Exchange Commission. The company is
not under any duty to update any of the forward-looking statements
after the date of this press release to conform to actual results,
except as required by applicable law.
For press/media inquiries:
media@jacobs.com
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SOURCE Jacobs
