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EBI News for March 13, 2024 – Solar installations set record in 2023

EBI News for March 13, 2024 – The following news section contains the latest stories for the environmental industry. Including, Solar installations set record in 2023, acquisitions, and more!

Solar installations set record in 2023

The U.S. solar industry added 32.4 gigawatts (GW) of new electric generating capacity in 2023, a 37% increase from the previous record set in 2021 and a 51% increase from 2022. According to the U.S. Solar Market Insight 2023 Year-in-Review released by the Solar Energy Industries Assn. (SEIA) and Wood Mackenzie, solar accounted for 53% of all new electric generating capacity added to the grid last year. Every solar market segment saw year-over-year growth in 2023, bringing total installed solar capacity in the United States to 177 GW. The utility-scale sector added 22.5 GW of new capacity, while nearly 800,000 Americans added solar to their homes. Texas led the nation for new solar installations with 6.5 GW, eclipsing California, where the residential solar market is predicted to struggle in 2024 due to changes in net metering policies, contributing to a projected 36% decline across all segments in the state. 

 

Montrose brings Two Dot Consulting on board

Montrose Environmental Group Inc. (Little Rock, Ark.) announced the acquisition of Two Dot Consulting LLC (Arvada, Colo.), an environmental consultancy that serves Rocky Mountain states and neighboring regions. The Two Dot team consists of wildlife biologists, wetland scientists, botanists, ornithologists, and environmental health and safety specialists, primarily serving U.S. energy producers and infrastructure developers in the renewables and oil and gas sectors. Two Dot’s senior leadership team will join Montrose’s Consulting and Engineering division, which reports to the company’s Remediation and Reuse segment. Montrose has approximately 3,100 employees across more than 90 locations worldwide.

 

WSP reports strong 2023 results 

WSP (Montreal, Canada) announced revenues and net revenues for fiscal year ended December 31, 2023 increased by 21% and 21.7%, respectively, compared to 2022, growing to C$14.44 billion and C$10.90 billion and reaching the high end of management’s revised outlook. The increase was due to acquisition growth of 12.3% and organic growth of 7.3% achieved across all reportable segments.  In the fourth quarter of 2023, revenues and net revenues reached C$3.72 billion and C$2.76 billion, up 4.6% and 7.9%, respectively, compared to the prior-year quarter. For the year, organic order intake reached a record high of C$15.12 billion, resulting in backlog at December 31, 2023, of C$14.1 billion, up 8.2% in the year. In Canada, WSP’s Earth & Environment sector represented 45% of net revenues in fiscal 2023, with Transport & Infrastructure at 29%. In the Americas, Earth & Environment was 24% of net revenues and in the Asia Pacific, 23%. 

 

AtkinsRéalis launches Canadians for CANDU

AtkinsRéalis (Montreal, Canada) announced the launch of Canadians for CANDU, a campaign to promote the deployment of CANDU nuclear technology in support of Canadian and global efforts to reach net-zero emissions. CANDU is Canada’s only domestically developed and licensed nuclear technology, and the campaign is designed to raise awareness on the merits of CANDU as a homegrown innovation; the Canadian government owns the intellectual property for CANDU. According to the Canadian Nuclear Safety Commission, nuclear energy produces about 15% of Canada’s electricity, and all nuclear power reactors in Canada are CANDU (Canadian Deuterium-Uranium) reactors.

 

ERM acquires Australian enterprise system integrators

Sustainability consultancy ERM (London, UK), has acquired Australian enterprise system specialists The Big Middle and The Big Zero (Adelaide, South Australia).

The Big Zero helps clients achieve net zero and broader ESG goals, while The Big Middle has a digital transformation practice that leverages Salesforce, Oracle, and WalkMe. “Through the acquisition of The Big Zero, we can enable clients to better track and integrate environmental data seamlessly into their organization, encompassing Scope 1, 2 and 3 carbon emissions, energy usage, as well as waste and water management from various sources,” said Thomas Achhorner, global head of digital products and data analytics at ERM.

 

Stantec announces record results

Stantec (Edmonton, Canada) announced net revenue grew 13.7% to C$5.1 billion for the year ended December 31, 2023 compared to 2022, primarily driven by 9.9% organic growth and 1.5% acquisition growth. Stantec’s regional and business operating units all delivered organic growth; Water delivered organic growth of 20%, while Environmental Services and the United States achieved double-digit organic growth. In the fourth quarter 2023, net revenue increased 9.9% to C$1.2 billion. Contract backlog stood at $6.3 billion—a 6.8% increase from December 31, 2022. Organic backlog growth was achieved across all regional units, with Water attaining over 23% organic backlog growth. “Stantec continues to fire on all cylinders, delivering yet another year of record financial results,” said Gord Johnston, president and CEO. 

 

RES closes acquisition of Ingeteam’s renewables service 

RES (London, UK), an independent global renewable energy company, has completed the acquisition of the renewable service division of Ingeteam (Zamudio, Spain). According to RES, the deal expands its operations to 24 markets and makes it the largest independent renewable energy services provider in the world. “This deal secures RES’ status as a global powerhouse in enabling delivery of renewable energy solutions,” said CEO Eduardo Medina. Ingeteam is a technology company active in electronics and automation. Divesting its O&M Renewable Services division will enable Ingeteam to focus on its on core business of power conversion technology.

 

ERM Japan and Sumitomo Mitsui offer low carbon transition services

ERM Japan announced the formation of a joint venture with Sumitomo Mitsui Trust Bank (SMTB) aimed at advancing climate change solutions in Japan. The strategic collaboration, ERM SuMi TRUST Consulting Ltd., combines ERM’s sustainability and low carbon consulting expertise with SMTB’s financial infrastructure and is designed to help Japanese companies address climate-related challenges and align operations with the goals of the Paris Agreement. Services will range from greenhouse gas emission assessments and decarbonization strategies to climate risk analysis, in addition to advisory on carbon markets and support for climate-related disclosures.

 

ICF announces full year results

ICF reported total revenue for the full year ended December 31, 2023 of $1.96 billion, an increase of 10.3% from the previous year and 12.3% higher when adjusted for 2023 divestitures, reflecting double-digit growth in revenues from both government and commercial clients. Fourth quarter 2023 total revenue was $478.4 million, similar to the $475.6 million reported in the fourth quarter of 2022 and up 4.9% from last year’s fourth quarter revenues adjusted for divestitures. Notable government awards in the quarter included two new task orders with a combined value of $29.9 million with the U.S. EPA’s Office of Pollution Prevention and Toxics to assess the risk of chemical exposure to human health and the environment. Notable awards in Energy Markets in the fourth quarter included several new and extended contracts with utilities for energy efficiency programs.

 

CLEAResult expands energy sustainability business 

CLEAResult (Austin, Texas), an energy efficiency and energy sustainability services provider, announced the acquisition of Energetics (Columbia, Md.). The acquisition will bring 120 energy and sustainability experts to the CLEAResult team, expanding its capabilities, including expertise supporting the federal government. All of Energetics’ employees will join CLEAResult and form a dedicated unit within its Energy Sustainability Services business. “This strategic acquisition propels CLEAResult to the forefront of the energy sustainability consulting landscape in North America,” said Rich McBee, CLEAResult’s president and CEO. 

 

Terracon Foundation awards grants

The Terracon Foundation announced it has awarded $97,712 in grants and scholarships to eight universities and 17 nonprofit organizations throughout the United States. Established as the community investment arm of Terracon (Olathe, Kansas), the Foundation has granted nearly $4 million to community organizations, universities, scholarships for dependents of employees, and disaster relief efforts. Terracon is an employee-owned consulting firm with more than 6,000 employees operating from more than 175 locations nationwide. 

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