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EBI News for November 29, 2023 – China to lead global renewables growth in 2023

EBI News for November 29, 2023 – The following news section contains the latest stories for the environmental industry. Including, China to lead global renewables growth in 2023, acquisitions, and more!

Jacobs announces fiscal fourth quarter and strategic spin-off

Jacobs Solutions Inc. (Dallas) announced revenue of $4.3 billion, up 10.5% year-over-year, for fiscal fourth quarter ended September 29, 2023; backlog increased $1.2 billion to $29.1 billion, up 4% year-over-year. For fiscal year 2023, revenue growth was 9.6%. Jacobs also announced an agreement to spin off and combine the firm’s Critical Mission Solutions and Cyber & Intelligence businesses with global engineering and technology solutions provider Amentum (Chantilly, Va.), creating a new publicly traded player in the government services sector with around $13 billion in annual revenue. “This is a strategic move that underlines our dedication to optimizing our portfolio and focusing on higher-margin, higher-growth opportunities,” said Jacobs CEO Bob Pragada.

 

China to lead global renewables growth in 2023

China is on target to reach 230 gigawatts (GW) of wind and solar installations this year, more than double the number of U.S. and European installations combined, according to a new report by Wood Mackenzie. Wind and solar project investment in China is expected to reach $140 billion for 2023, and China has budgeted $455 billion in grid investments from 2021-2025, up 60% from the previous decade, the report added. “China announced its 2060 carbon neutral target in 2020 and since then has been quietly re-organizing the entire power sector to support rapid electrification and expansion of renewables,” said Alex Whitworth, vice president of power and renewables research at Wood Mackenzie. “While some other markets are moderating renewables targets, China has pushed up its 2025 wind and solar outlook by 43% or 380 GW in just a couple of years.” 

 

Kleinfelder picked for $20M water/wastewater contract

The City of San Diego Public Utilities Department has selected Kleinfelder (San Diego, Calif.) for a five-year, $20-million water/wastewater contract, marking the fourth consecutive selection of the firm for this contract. The scope of work calls on Kleinfelder’s expertise in water, wastewater, reservoirs, reclaimed water, pure water, groundwater, stormwater, condition assessments, strategic planning, and design solutions for treatment processes and hydraulics. Over the past decade, Kleinfelder has supported more than 62 task orders for the Department. “Kleinfelder’s creativity and innovation in devising cost-effective solutions has led to significant cost savings for the City of San Diego,” the company stated.

 

AECOM reports fourth quarter and FY2023 highlights

AECOM (Dallas) reported revenue increased 12% to $3.8 billion in its fourth fiscal quarter, while organic net service revenue (NSR) in the design business increased by 10% for a second consecutive quarter and by 9% for the full year. Growth was led by the transportation and water markets, which account for approximately 60% of AECOM’s NSR. In AECOM’s Americas business segment, revenue in the fourth quarter was $2.9 billion, a 12% increase from the prior year; full year revenue was $11 billion, up 10%. NSR in the fourth quarter was $1 billion. This included 9% growth in the design business, which was led by water, transportation, and environment. International revenue in the fourth quarter was $905 million, a 12% increase from the prior year; full year revenue was $3.4 billion, a 6% increase. “We have focused our capital and technical expertise on the fastest-growing markets around the globe, which has resulted in a record win rate on the highest-returning opportunities,” said Troy Rudd, AECOM’s chief executive officer.

 

CAPE-Weston wins remediation contract

CAPE-Weston JV LLC (West Chester, Pa.) has been awarded a Rapid Response Small Business Single Award Task Order Contract for environmental remediation services under USACE Omaha District. The contract is for three years with a four-year option and has a value of $95 million. The joint venture companies have 26 years of experience working together on 32 projects totaling more than $235 million. Services rendered under the contract will relate to RCRA, Superfund, EPA’s Emerging Contaminate Program, and the Military Munitions Response Program, among others. 

 

EA awarded USACE environmental restoration contract 

The U.S. Army Corps of Engineers (USACE)–Louisville District has awarded an environmental restoration services contract to EA Engineering, Science, and Technology Inc. PBC (Hunt Valley, Md.). The multiple-award contract encompasses environmental services for hazardous, toxic, and radioactive waste (HTRW), as well as ordnance and explosive projects and PFAS contamination. Projects will be located within the Great Lakes and Ohio River Division and Louisville District boundaries. The 5-year contract has a maximum value of $95 million to be shared among eight awardees. 

 

Dewberry selected for Florida seafloor mapping initiative

Dewberry (Fairfax, Va.) has been being selected by the Florida Department of Environmental Protection and Office of Resilience and Coastal Protection to support the Florida Seafloor Mapping Initiative. Dewberry will provide topobathymetric lidar mapping for the entire Gulf Coast of Florida. “The data we collect with our CZMIL SuperNova sensors will be a valuable tool to guide resilience and coastal protection officials as they navigate the increasing environmental challenges faced by the state,” said Dewberry Senior Associate and Project Manager Emily Klipp.

 

Cambrian gets $200M commitment from Pennybacker

Cambrian Innovation (Boston, Mass.), a turnkey wastewater treatment, water reuse, and energy recovery-as-a-service company, announced that Pennybacker Capital Management LLC has made an investment and committed up to $200 million to support Cambrian’s growth. Founded in 2011, Cambrian’s technology and water-energy purchase agreement (WEPA) model allows commercial and industrial customers to pay by the gallon treated or kilowatt hour generated, capturing the economic savings and sustainability benefits of efficient water reuse while focusing on their core businesses. Cambrian has worked with Anheuser-Busch, Sapporo, and Keurig Dr Pepper, among others.

 

Barge acquires Environmental Consulting & Design in Florida 

Barge Design Solutions (Nashville, Tenn.) announced the acquisition of Environmental Consulting & Design Inc. (EC&D, Gainesville, Fla.), a firm specializing in environmental permitting, land planning, mitigation banking, land management, and geospatial services. Founded in 1994, EC&D solidifies Barge’s strategic presence in Florida and strengthens its ecology and environmental position across the Southeast. The Gainesville location will be Barge’s third office in Florida. Employee-owned Barge is a multidisciplinary engineering and architecture firm with more than 500 people.

 

Stantec to acquire Germany’s Zetcon Engineering

Stantec (Edmonton, Canada) announced it is acquiring Zetcon Engineering, a 645-person firm headquartered in Bochum, Germany. Founded in 1973, Zetcon has 13 offices and specializes in bridge certification and assessment and project and construction management of tunnels, roads, and rail infrastructure. The German construction market is the largest in Europe at C$629.9 billion in 2022, Stantec noted; the German transmission grid alone is expected to require a C$354 billion investment leading up to 2045. “Expanding our presence in Europe has long been an ambition for Stantec, and this acquisition will set us up for long-term growth in the region,” said President and CEO Gord Johnston.

 

EPA grants tribal petition to protect salmon

The U.S. Environmental Protection Agency (EPA) is granting a petition from three tribes to address the use of the chemical 6PPD, used in motor vehicle tires for more than six decades to make them more durable. It can also be found in rubber products such as footwear, synthetic turf, and playgrounds. 6PPD reacts with ozone pollution in the air to form a byproduct called 6PPD-quinone; concentrations of 6PPD-quinone in stormwater in the Pacific Northwest were found to be lethal to coho salmon after only a few hours of exposure. EPA intends to publish an advanced notice of proposed rulemaking under the Toxic Substances Control Act by fall 2024 to gather more information that could be used to inform a subsequent regulatory action. 

 

EV adoption goals in potential conflict with metal and mineral production

A report published by the Fraser Institute, a Canadian public policy think-tank, questions whether metals mining can match the ambitious goals of the U.S., Canadian and other governments to transition to electric vehicles by 2030-35. According to the report, a total of 388 new mines must be built to produce the metals required for EV production. However, historically mining and refining facilities are slow to develop and beset with regulatory uncertainty. “The sheer scale of mining required to meet EV mandates raises serious questions about the timelines being imposed by governments,” said Kenneth Green, senior fellow at the Fraser Institute and author of Can Metal Mining Match the Speed of the Planned Electric Vehicle Transition? “The significant risk of inadequate mineral and metal production threatens the viability and realism of government-mandated EV transition plans.”

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