The work supports the U.K.’s aim to be powered by entirely clean energy by 2035. (Source: Shutterstock)
Houston-based KBR is increasing its support for the development of new energy technologies, systems and processes as part of the U.K.’s drive toward net zero carbon emissions by 2050, according to a Nov. 16 press release.
Building on work underway through KBR’s Frazer-Nash Consultancy, the Department for Energy Security and Net Zero (DESNZ) extended the value of its support contract, originally awarded in December 2021, as part of the U.K.’s £1bn (U.S. $1.24B) net zero innovation portfolio, according to the release.
Frazer-Nash will continue to provide energy generation and distribution technical support in areas including hydrogen, nuclear, offshore and onshore wind, bioenergy, heat pumps and retrofit, heat distribution, biomass boilers and solar heating.
The work also supports the U.K.’s aim to be powered by entirely clean energy by 2035.
“Every part of this effort is moving us closer to ensuring energy security as part of a sustainable future, and we are very proud to be making a difference," said Paul Kahn, president of KBR government solutions international.
Recommended Reading
Post Oak Backs New Permian Team, But PE Faces Uphill Fundraising Battle
2024-10-11 - As private equity begins the process of recycling inventory, likely to be divested from large-scale mergers, executives acknowledged that raising funds has become increasingly difficult.
BP Profit Falls On Weak Oil Prices, May Slow Share Buybacks
2024-10-30 - Despite a drop in profit due to weak oil prices, BP reported strong results from its U.S. shale segment and new momentum in the Gulf of Mexico.
Utica Oil E&P Infinity Natural Resources’ IPO Gains 7 More Bankers
2024-11-27 - Infinity Natural Resources’ IPO is expected to provide a first-look at the public market’s valuation of the Utica oil play.
Oxy’s Hollub Drills Down on CrownRock Deal, More M&A, Net-zero Oil
2024-11-01 - Vicki Hollub is leading Occidental Petroleum through the M&A wave while pioneering oil and gas in EOR and DAC towards the goal of net-zero oil.
Midstream M&A Adjusts After E&Ps’ Rampant Permian Consolidation
2024-10-18 - Scott Brown, CEO of the Midland Basin’s Canes Midstream, said he believes the Permian Basin still has plenty of runway for growth and development.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.