At-a-Glance:
Engineering and construction company Black & Veatch has announced it is ceasing participation in coal-based design and construction projects in an attempt to focus on more renewable energy work. Black & Veatch has been its increasing focus on renewable energy and energy storage projects over the last decade. The transition away from coal-based jobs will allow the firm to more fully focus on sustainable energy projects. To learn more, read “Black & Veatch leaving coal projects in the dust.”
Key Takeaways:
- In an example of the company’s move to clean energy projects, earlier this year it was selected to work on the Intermountain Power Agency Renewal Project, one of the earliest installations of combustion turbine technology designed to use a high percentage of green hydrogen.
- Black & Veatch will still carry out projects to convert coal plants to cleaner energy sources, as well as decommissioning existing coal plants. The biggest change is the contractor will no longer extend the life of any coal facility.
- “Any decision of this nature will have an impact, but our global client base is overwhelmingly pushing toward a zero-carbon future,” Mario Azar, president of Black & Veatch’s power business said. “The fundamental challenge for the industry is whether to look to the future or continue to look to the past.
Path to 100% Perspective:
The influence of governments and organizations moving toward a zero-carbon future continues to expand to companies responding to the growing demand of their customers and investors. As the investment in energy-related innovation grows, the renewable energy future presents more affordability, flexibility and reliability for organizations striving to accelerate decarbonization efforts.
Photo by Dominik Vanyi on Unsplash