Cost bumps in U.S. offshore wind power construction are causing new impacts to projects and developers, but recent actions by some traditional energy sector firms indicate continuing commitment to a transition to renewables.
CEO Ian Edwards says new name cements market identity not tethered to past ethics scandals, legal battles and bottom line pressures of fixed-price construction, as Canada firm builds on its Atkins unit and new needs in changing energy and transportation niches.
The contractor does not "admit or deny" charges on legacy project accounting violations, says federal regulator, but it cooperated with financial reporting probe—as agency reached similar pact with former McDermott executives in June.
Incentives tied to craft worker compensation and apprenticeship on clean energy projects won't require developers to have project labor agreements, says the U.S. Treasury Dept.
States say Federal Energy Regulatory Commission did not consider New Jersey's claims that added capacity was not needed and would violate its climate change law.
State DOT dumps stalled $7.3B private developer approach of previous administration, but with public funding not in hand, design and construction is years away.
A $283-million gas power plant being built near Billings may face added environmental scrutiny as state Supreme Court weighs Aug. 14 lower court ruling of state law barring greenhouse gas emission impact review as unconstitutional.
Proposed EPA mandate's reliance on hydrogen and carbon capture evoked concern in comments sent by an Aug. 9 deadline, but supporters say investment in clean transition approaches already are well underway.
Occidental Petroleum and Battelle lead Texas and Louisiana projects set for award of first-round federal funds, with 19 regional direct air capture hub teams—that include AEC firms—set to gain a total of $100M.
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