STOCK TITAN

Jacobs Wins Two Czech Republic Nuclear Contracts

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Jacobs (NYSE:J) has secured two contracts to aid the Czech nuclear sector in radioactive waste management. The national utility, ČEZ, has chosen Jacobs' SIAL® geopolymer technology to solidify 250 metric tons of radioactive sludge at the Dukovany Nuclear Power Plant, with a five-year completion timeline. Additionally, Jacobs is appointed to provide safety assessments for a planned deep geological repository by SÚRAO, following a government shortlist for site selection by 2030. These contracts enhance Jacobs’ standing in global waste management, contributing to safer environmental practices.

Positive
  • Secured two significant contracts in the Czech Republic, enhancing presence in radioactive waste management.
  • Utilization of SIAL® geopolymer technology for effective treatment of 250 metric tons of radioactive sludge.
  • Appointment for safety assessments in a deep geological repository signifies trust and expertise in the sector.
Negative
  • None.

DALLAS, Nov. 11, 2021 /PRNewswire/ -- Jacobs (NYSE:J) has won two new contracts to support the Czech nuclear sector with radioactive waste management services.

National utility ČEZ has selected Jacobs' SIAL® geopolymer encapsulation technology to safely solidify 250 metric tons of low and intermediate-level radioactive sludge at the Dukovany Nuclear Power Plant. Jacobs will treat the sludge, currently held in storage tanks at the plant, and encapsulate it in 200-liter drums ready for transport to long-term storage. The work, carried out at a specially assembled on-site unit, is expected to take five years.

On another front, SÚRAO, the Czech Republic's Radioactive Waste Repository Authority, has appointed Jacobs to a safety assessment and technical advice framework for its planned deep geological repository.  Last December, the Czech government approved a shortlist of four potential locations for the repository together with a schedule calling for the site to be selected by 2030 and operational by 2065. This contract complements Jacobs' work supporting radioactive waste repositories in the U.K., Finland, Sweden and Belgium.

"Our previous experience was key to winning these two contracts, which strengthen our position in important radioactive waste management programs in the Czech Republic," said Jacobs Energy, Security and Technology Senior Vice President Karen Wiemelt. "These contracts not only support the Czech government's vision for the future of the country, but also help create a more sustainable and safer world."

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 $14 billion in revenue and a talent force of approximately 55,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit jacobs.com and connect with Jacobs on Facebook, InstagramLinkedIn and Twitter.

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, including the emergence and spread of variants of COVID-19, 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 July 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.

For press/media inquiries:
Kerrie Sparks
214.583.8433

Jacobs Logo (PRNewsfoto/Jacobs)

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/jacobs-wins-two-czech-republic-nuclear-contracts-301421899.html

SOURCE Jacobs

FAQ

What contracts did Jacobs win in the Czech Republic?

Jacobs won two contracts for radioactive waste management, including treatment at the Dukovany Nuclear Power Plant and safety assessments for a deep geological repository.

What technology will Jacobs use for sludge treatment?

Jacobs will use its SIAL® geopolymer encapsulation technology to solidify radioactive sludge.

How long will the sludge treatment project take?

The sludge treatment project at the Dukovany Nuclear Power Plant is expected to take five years.

What is the purpose of the contracts Jacobs received?

The contracts aim to enhance radioactive waste management and support the Czech government's environmental goals.

What is the significance of Jacobs' contract with SÚRAO?

The contract with SÚRAO for safety assessments indicates Jacobs' role in developing a deep geological repository for radioactive waste.

Jacobs Solutions Inc.

NYSE:J

J Rankings

J Latest News

J Stock Data

18.39B
124.25M
1%
88.04%
1.3%
Engineering & Construction
Heavy Construction Other Than Bldg Const - Contractors
Link
United States of America
DALLAS