HOUSTON, Nov. 16,
2023 /PRNewswire/ -- KBR (NYSE: KBR) announced
today that it is increasing its support to the development of new
energy technologies, systems, and processes as part of the UK
government's drive to net zero.
Building on work already underway through Frazer-Nash
Consultancy, a KBR company, the Department for Energy Security and
Net Zero ("DESNZ") has extended the value of its support contract,
originally awarded in December 2021,
as part of the UK's £1bn Net Zero Innovation Portfolio.
Frazer-Nash Consultancy supports DESNZ to develop its programs,
and to assess and monitor the projects being delivered within the
portfolio. In addition, the company will continue to provide energy
generation and distribution technical support in areas including
hydrogen, nuclear, offshore wind, onshore wind, bioenergy, heat
pumps and retrofit, heat distribution, biomass boilers and solar
heating.
The work supports the UK's aim to be powered entirely by clean
electricity by 2035 and have net-zero carbon emissions by
2050.
Paul Kahn, President, KBR
Government Solutions International, said, "This is a great vote of
confidence in the fantastic expertise
and innovative work being provided by our
people. 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."
Frazer-Nash Consultancy is an advisory, engineering and systems
technology consultancy with a strong track record for delivering
services within the energy market both for industry and DESNZ.
About KBR
We deliver science, technology and engineering solutions to
governments and companies around the world. KBR employs
approximately 34,000 people performing diverse, complex and
mission-critical roles in 33 countries.
KBR is proud to work with its customers across the globe to
provide technology, value-added services, and long-term operations
and maintenance services to ensure consistent delivery with
predictable results. At KBR, We Deliver.
Visit www.kbr.com
Forward Looking Statements
The statements in this press release that are not historical
statements, including statements regarding the performance of
Frazer-Nash Consultancy's contract with DESNZ, are forward-looking
statements within the meaning of the federal securities laws. These
statements are subject to numerous risks, uncertainties and
assumptions, many of which are beyond the company's control, that
could cause actual results to differ materially from the results
expressed or implied by the statements. These risks, uncertainties
and assumptions include, but are not limited to, those set forth in
the company's most recently filed Annual Report on Form 10-K, any
subsequent Form 10-Qs and 8-Ks and other U.S. Securities and
Exchange Commission filings, which discuss some of the important
risks, uncertainties and assumptions that the company has
identified that may affect its business, results of operations and
financial condition. Due to such risks, uncertainties and
assumptions, you are cautioned not to place undue reliance on such
forward-looking statements, which speak only as of the date
hereof. Except as required by law, the company undertakes no
obligation to revise or update publicly any forward-looking
statements for any reason.
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SOURCE KBR, Inc.