Jacobs Announces Agreement to Enhance Role at Hinkley Point C
Jacobs (NYSE:J) has entered into a strategic partnership with NNB Generation Company for the Hinkley Point C nuclear power station in Somerset, U.K., projected to cost $30 billion. This agreement confirms Jacobs as a preferred supplier, enhancing its role in critical project areas. Jacobs has been involved since the project's inception, providing essential engineering and technical services, and will continue to support licensing and construction management. The project is crucial for the U.K.'s net-zero carbon commitments, reinforcing Jacobs' commitment to a sustainable future.
- Jacobs remains a strategic partner on the $30 billion Hinkley Point C project.
- Confirms Jacobs' status as a preferred supplier, enhancing potential revenue streams.
- Continues to provide vital engineering and technical services, bolstering its market position in the nuclear sector.
- None.
DALLAS, May 20, 2021 /PRNewswire/ -- Jacobs (NYSE:J) has signed a partnership agreement with NNB Generation Company (HPC) Ltd (NNB Genco), which is building the Hinkley Point C nuclear power station in Somerset, U.K.
The agreement outlines that Jacobs will remain a strategic partner on the
It is the first time that NNB Genco, majority owned by Électricité de France (EDF.PA), has signed a partnership agreement with a professional services provider and it paves the way for similar agreements for HPC and its wider supply chain.
"This agreement enables us to broaden the services we offer and to invest in our teams so that we can deliver greater value while helping to create a more connected, sustainable world," said Jacobs Critical Mission Solutions International Senior Vice President Clive White. "This project is critical for the U.K. to meet its net-zero carbon commitments."
Jacobs has been closely involved with the Hinkley Point C project since the outset, and will continue supporting licensing and permitting applications to U.K. regulators and acting as delivery partner for program, project and construction management services on the earthworks, main civil works, marine works and heat sink systems. Jacobs also provides a broad range of specialist engineering and technical services, including equipment qualification for IT and telecommunications systems, HVAC dampers, sensors, thermocouples, polar crane, and smart devices and their associated software. Jacobs' Inspection Validation Centre in Warrington, U.K. is the project's sole supplier of independent assessment and assurance for all aspects of non-destructive testing inspection qualification.
At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With
Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management's current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements, including, but not limited to, the impact of the COVID-19 pandemic and the related reaction of governments on global and regional market conditions and the company's business. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our Annual Report on Form 10-K for the year ended October 2, 2020, and in particular the discussions contained under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations, and our Quarterly Report on Form 10-Q for the quarter ended April 2, 2021, and in particular the discussions contained under Part I, Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations; Part II, Item 1 - Legal Proceedings; and Part II, Item 1A - Risk Factors, as well as the company's other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.
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