Black & Veatch To Support Its Client In Driving Power Industry Transformation


11/10/2020

The power supply portfolio of Black & Veatch also includes looking for “grid modernization solutions” which will facilitate “a more diverse power generation landscape of base load and intermittent sources”.


Dailycsr.com – 10 November 2020 – The power industry is undergoing transformation while there is a need to hasten the process if achieving net zero emission as many corporates along with stakeholders and communities are coming up with commitments towards “low carbon emissions”.
 
Black & Veatch thus addresses the challenge of “maintaining grid reliability” and at the same time cutting down on greenhouse has emissions. It is with this aim that the company has been “increasing its focus” in promoting “renewable energy and energy storage technologies” for the last ten years. In fact, it has also worked to deploy as “hydrogen as a carbon-free fuel” besides taking forward carbon capture technologies.
 
The power supply portfolio of Black & Veatch also includes looking for “grid modernization solutions” which will facilitate “a more diverse power generation landscape of base load and intermittent sources”. As a result, the clients of Black & Veatch will also need to tread to road to match “varying decarbonization targets”.
 
Moreover, the company has also made an announcement to reveal that it will stop taking part in “any further coal-based power design and construction”. This way, the company further focus on accelerating the “creation of solutions” needed to bring in a transformation into the power sector.
 
In the words of the chief executive officer of Black & Veatch, Steve Edwards:
“The transition away from any coal-related activity is about our commitment as a company to sustainability and accelerating our efforts to lead the emerging carbon-free energy future”.
 
Company plans to complete its “current project commitments” in the “coming months” and then to turn its focus on supporting its clients to transition into a “balanced energy portfolio” generated from “cleaner energy sources” whereby moving towards “their decarbonization and sustainability goals”. In the words of the president of Power Business at Black & Veatch, Mario Azar:
“At the same time the industry wrestles with its transformation, global communities continue to have demand for safe, reliable and cost-effective power. These forces create a delicate balance that requires deep engineering and technology expertise to help guide the complex transition of power generation and delivery infrastructure.”
 
The energy market disruption is accelerating at a rapid pace, whereby “the Intermountain Power Agency” chose Black & Veatch as “Owner’s Engineer” for its “Intermountain Power Project Renewal Project”, the latter happens to be among the “earliest” “combustion turbine technology” that was installed to run on “green hydrogen” for a “high percentage”.
 
For further information about Black & Veatch’s work on the field of energy transformation, click on the link given below to view its “2020 Strategic Directions: Electric Report”:
http://www.bv.com/reports
 
References:
3blmedia.com