May 3, 2019: The Latest Environmental Business News
Tetra Tech reports record-breaking second quarter Tetra Tech (Pasadena, Calif.) reported its best-ever quarterly results, with record net revenue, earnings per share, cash flow and backlog. Net revenue in the second quarter totaled $585 million, up organically 10% year-over-year; operating income was $48 million, up 11%; and backlog at the end of the quarter was a record $2.81 billion, up 12%. Growth was spurred by strong demand for consulting and engineering services related to water, renewable energy, and sustainable infrastructure. “The addition of eGlobalTech further advances our growth strategy and the integration of emerging technology into our high-end consulting services for our clients,” commented Tetra Tech’s chairman and CEO, Dan Batrack.
Black & Veatch selected for major wind EPC contract Black & Veatch (B&V, Overland Park, Kansas) has been selected to provide engineering, procurement and construction services for a new wind facility for Capital Power. Black & Veatch will deliver the Cardinal Point Wind Project, a new 150-megawatt onshore wind facility in McDonough and Warren Counties, Ill. The project comes as B&V completes a reorganization of its Power business to be more nimble in addressing the renewable energy market. Under the new vertical, B&V will provide services across the project life cycle – including early-stage development and project implementation – for onshore wind, repowering and offshore wind applications.
TRC to oversee $104 million demolition project TRC (Lowell, Mass.) has been chosen by the Los Angeles Department of Water and Power (LADWP) to dismantle four decommissioned generating units at the Haynes Generating Station in Long Beach, Calif. TRC will serve as the prime contractor and provide engineering, procurement, demolition, disposal and site remediation services. The project will support LADWP’s Clean Grid L.A. initiative, which calls for 100% renewables by 2045 and a carbon neutral power portfolio by 2050. “California is at the vanguard of renewable energy, and TRC is excited to help lay the groundwork for further expansion of the clean grid in Los Angeles,” said Mark Robbins, president of TRC’s Environmental Sector.
SLR acquires Novus Environmental SLR, a UK-headquartered global environmental and advisory firm, has acquired Novus Environmental (Guelph and Calgary, Canada), a 25 person specialized environmental firm. Novus will bring additional capability to SLR’s North American business in air quality, noise and vibration, and wind and climate. The Novus team will join SLR’s Canada business, which will now be 280 strong with 18 offices. This is SLR’s third acquisition in four months, reflecting the confidence of the company and its new investor Charterhouse Capital Partners in the market, according to Neil Penhall, SLR’s chief executive.
FEWSION maps supply chains throughout the country
The National Science Foundation has reported that FEWSION, a data fusion project mapping the food, energy and water supply chains for every community in the United States is now available. The project was developed by scientists at Northern Arizona University and data collected by researchers at federal agencies and universities. Maps are available on the FEW-View website, allowing people to map the sources of their community’s grains, meat and other foodstuffs; crude oil, gasoline, natural gas and electricity; and water sources. Lead scientist Ben Ruddell views FEWSION as especially useful for emergency managers, who can plan ahead if a disaster in another part of the country is likely to affect their community, and for sustainability officers who want to reduce their community’s footprint by changing commodity sourcing and supply chains.
Partner Engineering expands environmental and industrial hygiene services in Florida Partner Engineering and Science Inc. (Torrance, Calif.), a national engineering, environmental and energy consulting firm, has acquired ECO Advisors LLC (Palm Beach Gardens, Fla.). In business for 28 years, ECO’s services include asbestos, mold, and lead assessments; IAQ, Phase I and II Environmental Site Assessments, soil and groundwater contamination, storage tanks management, and OSHA/EPA compliance. ECO President and CEO John Poggi commented, “Industrial hygiene is a business experiencing rapid growth at Partner and we are excited to bring our complementary services into the Partner family to further expand this sector while continuing to manage and offer new services to our current clients.”
CO2 Solutions commissions first commercial carbon capture unit CO2 Solutions Inc. (Quebec City, Canada) has commissioned its first commercial carbon capture unit, working with Fibrek General Partnership, a subsidiary of Resolute Forest Products Inc., and Serres Toundra Inc. The project deployed a 30-tonne per day CO2 capture unit and ancillary equipment at the RFP pulp mill in Saint-Félicien, Quebec and commercial reuse of the captured CO2 by the adjacent Serres Toundra greenhouse facility. The unit represents several firsts for the global carbon capture industry, according to CO2 Solutions, including the first commercial deployment of an enzymatic carbon capture process; first carbon capture unit in the forest industry; and first capture unit using only residual thermal energy in the form of hot water, creating no parasitic load on the host plant, a critical factor in reducing the overall cost of carbon capture. CO2 Solutions contracted Tetra Tech to deliver a performance audit report.
Nevada Legislature enacts bill to increase renewable energy target
The Solar Energy Industries Assn. (SEIA) praised Nevada Governor Steve Sisolak for signing into law Senate Bill 358, which raises Nevada’s renewable portfolio standard (RPS) to 50% by 2030, doubling it from the current 25% target. The bill, which passed the State Assembly and Senate unanimously, also sets a goal of 100% carbon-free electricity by 2050.
Cornerstone Capital measures sustainability in investing Cornerstone Capital Group has launched The Cornerstone Access Impact Framework, offering an approach to investing in alignment with the United Nations’ 2030 Agenda for Sustainable Development and the 17 Sustainable Development Goals (SDGs). The Framework uses proprietary methodology to measure how investments facilitate access to the systems and resources required to achieve the SDGs. According to Cornerstone, the SDGs provide a blueprint to governments and NGOs, but don’t clearly capture the role of private investment. The Framework measures impact in a way that aligns better with corporate behavior, enabling investors to play a critical role in advancing and achieving the SDGs.
Burns & McDonnell selected by Los Angeles Metro Burns & McDonnell (Kansas City, Mo.) has been selected to provide environmental compliance and sustainability support services for the Los Angeles County Metropolitan Transportation Authority (Metro). Works will include project management and project controls; hazardous waste, stormwater, air quality and GIS consulting; and civil, environmental and transportation engineering. The projects will be funded under the voter approved passage of Metro’s Measure M and Measure R to fund projects to alleviate traffic congestion, decrease air pollutants and create jobs.
FPL plans four new solar power plants Florida Power & Light Company (FPL, Juno Beach, Fla.) plans to build four new solar power plants this year, each generating 74.5 megawatts of power for a combined addition of nearly 300 megawatts of new solar capacity–enough to power about 60,000 homes. Florida ranked second in the nation in 2018 in solar employment, behind California, according to a recent report by The Solar Foundation. The Florida Department of Economic Opportunity projects solar jobs to grow by more than 60 percent through 2026, compared to statewide job growth of about 10 percent. FPL estimates that about 3,000 jobs have been created since 2016 when the company embarked on one of the largest solar expansions in the country.
To stay up to date on the latest Environmental Industry Business News, click here to visit our EBI News homepage.