AECOM awarded program management contract to support the New York Power Authority’s decarbonization efforts
AECOM (NYSE: ACM) has been awarded a program management services contract by the New York Power Authority (NYPA) to oversee capital improvement projects supporting NYPA's VISION2030 strategic plan. This plan aims to lead New York's energy transition by providing affordable, clean, and reliable electricity. AECOM will provide engineering, design, and procurement services to assist NYPA in delivering their capital projects.
As one of the few global infrastructure firms accredited by the U.S. National Association of Energy Service Companies (NAESCO), AECOM is well-positioned to deliver cost-effective, energy-efficient improvements across NYPA's facilities. The company's expertise in clean energy program management aligns with NYPA's focus on safety, technical excellence, and conservation, supporting a just energy transition.
AECOM (NYSE: ACM) ha ricevuto un contratto per i servizi di gestione del programma dalla New York Power Authority (NYPA) per sovrintendere ai progetti di miglioramento del capitale che supportano il piano strategico VISION2030 della NYPA. Questo piano mira a guidare la transizione energetica di New York fornendo elettricità affidabile, pulita e a prezzi accessibili. AECOM fornirà servizi di ingegneria, progettazione e approvvigionamento per assistere la NYPA nell'attuazione dei loro progetti di capitale.
Essendo una delle poche aziende globali di infrastrutture accreditate dalla National Association of Energy Service Companies (NAESCO) degli Stati Uniti, AECOM è ben posizionata per fornire miglioramenti economici ed efficienti dal punto di vista energetico presso le strutture della NYPA. L'esperienza dell'azienda nella gestione di programmi di energia pulita è in linea con l'attenzione della NYPA sulla sicurezza, l'eccellenza tecnica e la conservazione, supportando una transizione energetica giusta.
AECOM (NYSE: ACM) ha recibido un contrato para servicios de gestión de programas por parte de la Autoridad de Energía de Nueva York (NYPA) para supervisar los proyectos de mejora de capital que apoyan el plan estratégico VISION2030 de la NYPA. Este plan tiene como objetivo liderar la transición energética de Nueva York al proporcionar electricidad asequible, limpia y confiable. AECOM proporcionará servicios de ingeniería, diseño y adquisición para ayudar a la NYPA en la ejecución de sus proyectos de capital.
Como una de las pocas empresas globales de infraestructura acreditadas por la Asociación Nacional de Empresas de Servicios Energéticos (NAESCO) de EE. UU., AECOM está bien posicionada para ofrecer mejoras rentables y eficientes en energía en las instalaciones de la NYPA. La experiencia de la empresa en la gestión de programas de energía limpia se alinea con el enfoque de la NYPA en la seguridad, la excelencia técnica y la conservación, apoyando una transición energética justa.
AECOM (NYSE: ACM)은 뉴욕 전력청(NYPA)로부터 VISION2030 전략 계획을 지원하는 자본 개선 프로젝트를 감독하기 위한 프로그램 관리 서비스 계약을 체결했습니다. 이 계획은 뉴욕의 에너지 전환을 주도하여 저렴하고 깨끗하며 신뢰할 수 있는 전기를 제공하는 것을 목표로 합니다. AECOM은 NYPA가 자본 프로젝트를 수행할 수 있도록 엔지니어링, 설계 및 조달 서비스를 제공할 것입니다.
미국 에너지 서비스 기업 협회(NAESCO)에서 인증된 몇 안 되는 글로벌 인프라 기업 중 하나인 AECOM은 NYPA의 시설에서 비용 효율적이고 에너지 효율적인 개선을 제공하기에 적합한 위치에 있습니다. 청정 에너지 프로그램 관리에 대한 회사의 전문성은 NYPA가 안전성, 기술적 우수성 및 보존에 중점을 두는 것과 일치하며, 공정한 에너지 전환을 지원합니다.
AECOM (NYSE: ACM) a été attribué un contrat de services de gestion de programme par la New York Power Authority (NYPA) pour superviser les projets d'amélioration de capital soutenant le plan stratégique VISION2030 de la NYPA. Ce plan vise à conduire la transition énergétique de New York en fournissant une électricité abordable, propre et fiable. AECOM fournira des services d'ingénierie, de conception et d'approvisionnement pour aider la NYPA à réaliser ses projets d'investissement.
En tant que l'une des rares entreprises mondiales d'infrastructure accréditées par la National Association of Energy Service Companies (NAESCO) aux États-Unis, AECOM est bien positionnée pour offrir des améliorations rentables et écoénergétiques dans les installations de la NYPA. L'expertise de l'entreprise en gestion de programmes d'énergie propre s'aligne sur l'engagement de la NYPA en matière de sécurité, d'excellence technique et de conservation, soutenant ainsi une transition énergétique juste.
AECOM (NYSE: ACM) hat einen Vertrag für Programmanagementdienste von der New York Power Authority (NYPA) erhalten, um Kapitalverbesserungsprojekte zu überwachen, die den strategischen Plan VISION2030 der NYPA unterstützen. Dieser Plan zielt darauf ab, den Energieübergang New Yorks zu leiten, indem er erschwinglichen, sauberen und zuverlässigen Strom bereitstellt. AECOM wird Ingenieur-, Design- und Beschaffungsdienste bereitstellen, um der NYPA bei der Realisierung ihrer Kapitalprojekte zu helfen.
Als eines der wenigen globalen Infrastrukturunternehmen, das von der National Association of Energy Service Companies (NAESCO) der USA akkreditiert ist, ist AECOM gut positioniert, um kosteneffektive und energieeffiziente Verbesserungen in den Einrichtungen der NYPA zu liefern. Die Fachkompetenz des Unternehmens im Management von Programmen für saubere Energie deckt sich mit dem Fokus der NYPA auf Sicherheit, technische Exzellenz und Nachhaltigkeit und unterstützt einen gerechten Energieübergang.
- Awarded program management services contract by NYPA, the largest state public power utility in the U.S.
- Contract supports NYPA's VISION2030 strategic plan for clean energy transition
- AECOM is accredited by NAESCO, positioning it uniquely for energy-efficient improvements
- Aligns with AECOM's Sustainable Legacies strategy for net-zero and sustainable development
- None.
Insights
This contract award marks a significant step in NYPA's decarbonization efforts. AECOM's involvement in overseeing capital improvement projects aligns with the growing trend of utilities transitioning towards cleaner energy sources. The focus on hydropower enhancement and natural gas plant decarbonization indicates a balanced approach to energy transition, combining renewable sources with cleaner fossil fuel technologies.
Investors should note that this partnership could potentially lead to long-term revenue streams for AECOM, given the scope of NYPA's VISION2030 plan. However, the success will largely depend on AECOM's ability to deliver cost-effective and innovative solutions in a rapidly evolving energy landscape. The contract's impact on AECOM's financials may not be immediate but could contribute to steady growth in its energy transition portfolio.
AECOM's selection for this program management role underscores its strong position in the infrastructure consulting sector. The company's NAESCO accreditation is a key differentiator, potentially giving it an edge in securing similar contracts in the future. The multifaceted nature of NYPA's VISION2030 plan, including transmission development and Canal System reimagining, aligns well with AECOM's diverse expertise.
For investors, this contract signals AECOM's ability to secure high-profile, long-term projects in the public sector. While the financial details aren't disclosed, such contracts typically provide stable revenue streams. The emphasis on AECOM's 'Sustainable Legacies' strategy also positions the company favorably in the growing ESG-focused investment landscape, potentially attracting environmentally conscious investors.
This contract win demonstrates AECOM's strategic alignment with the global shift towards sustainable infrastructure. By partnering with NYPA, the largest state public power utility in the U.S., AECOM positions itself at the forefront of the energy transition in a key market. This move could potentially open doors to similar opportunities in other states following New York's lead in decarbonization efforts.
Investors should consider the broader implications of this partnership. As more utilities and governments prioritize decarbonization, AECOM's experience with NYPA could become a valuable case study, potentially leading to increased market share in the energy transition sector. However, it's important to monitor the execution of this contract, as successful delivery will be key to leveraging this opportunity for future growth and maintaining AECOM's competitive edge in the infrastructure consulting market.
“We are proud to build on our long-standing partnership with NYPA as we support its mission to advance a carbon-free and economically vibrant New York,” said Bane Gaiser, chief executive of AECOM’s
AECOM will provide program management services for engineering, design and procurement services to assist NYPA in successfully delivering their capital projects. One of the only global infrastructure firms accredited by the United States’ National Association of Energy Service Companies (NAESCO), the Company is uniquely qualified to deliver cost-effective, energy efficient improvements across NYPA’s spectrum of facilities.
“As an industry leader in program management services for large-scale capital programs, our teams are well positioned to continue delivering transformative infrastructure projects for NYPA,” said Drew Jeter, chief executive of AECOM’s Program Management global business line. “Drawing on our Sustainable Legacies strategy, we’re excited to leverage our expertise in clean energy program management to support a just energy transition that aligns with NYPA’s focus on safety, technical excellence, and conservation.”
NYPA’s VISION2030 strategic plan outlines five key priorities: enhancing hydropower, decarbonizing natural gas plants, leading transmission development and operation, meeting energy goals, and reimagining the
About AECOM
AECOM (NYSE: ACM) is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy, and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical and digital expertise, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of
Forward-Looking Statements
All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, capital allocation strategy including stock repurchases, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; potential government shutdowns or other funding circumstances that may cause governmental agencies to modify, curtail or terminate our contracts; losses under fixed-price contracts; limited control over operations that run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; potential high leverage and inability to service our debt and guarantees; ability to continue payment of dividends; exposure to political and economic risks in different countries, including tariffs, geopolitical events, and conflicts; currency exchange rate and interest fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; managing pension costs; AECOM Capital real estate development projects; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the sale of our Management Services and self-perform at-risk civil infrastructure, power construction and oil and gas businesses, including the risk that any purchase adjustments from those transactions could be unfavorable and result in any future proceeds owed to us as part of the transactions could be lower than we expect; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240828816591/en/
Media Contact:
Brendan Ranson-Walsh
Senior Vice President, Global Communications
1.213.996.2367
Brendan.Ranson-Walsh@aecom.com
Investor Contact:
Will Gabrielski
Senior Vice President, Finance, Treasurer
1.213.593.8208
William.Gabrielski@aecom.com
Source: AECOM
FAQ
What contract did AECOM (ACM) recently win with the New York Power Authority?
How does the NYPA contract align with AECOM's (ACM) business strategy?
What services will AECOM (ACM) provide under the NYPA contract?
What are the key priorities of NYPA's VISION2030 strategic plan that AECOM (ACM) will support?
