Leading execution of major program of critical
transmission, distribution and generation projects in North and
Central US
DALLAS, Feb. 17,
2025 /PRNewswire/ -- Jacobs (NYSE: J) was selected as
Program Manager and Owners Engineer to support Xcel Energy in
providing customers with safe and reliable energy services at a
competitive price, while meeting the specifications needed for a
low-carbon future.
Xcel Energy is a critical energy provider to millions of homes
and businesses across eight Western and Midwestern states. In the
coming years, Xcel Energy is looking to implement a step-change in
its capital program and is working with Jacobs to establish a
Central Program Office and Major Projects Group in support of
delivery of a multi-billion-dollar program of projects.
Jacobs will execute a portfolio of Xcel Energy's projects,
develop recommendations for project selection and standardize,
deploy and transfer knowledge to Xcel Energy employees. Creating
and maintaining core capital delivery standards will enable
consistent execution for Xcel Energy's portfolio of transmission,
distribution and generation projects.
"This program continues Jacobs' relationship with Xcel Energy in
delivering capital projects, upgrading utility infrastructure and
supporting future load demand requirements," said Jacobs Executive
Vice President Fiachra Ó Cléirigh. "Our transmission and
distribution, generation and program management experience across
the U.S., U.K., and Asia-Pacific
will support Xcel Energy as they provide reliable energy services
for their consumers."
"In October 2024, Xcel Energy
announced a $45 billion investment
plan to make our grid cleaner, stronger and more efficient,
ensuring we can meet unprecedented growth in our customers' demand
for electricity while keeping their bills as low as possible," said
Xcel Energy Senior Vice President of Customer Delivery Michael Lamb. "Our country's energy grid faces
the biggest transition in a century. We will meet this historic
moment by powering new technologies, U.S. manufacturing expansion,
and the electrification of vehicles, homes and businesses."
Xcel Energy's investment plan focuses on strengthening the
resiliency of its transmission and distribution systems while
adding carbon-free and always-available energy generation
resources. By doing so, the company will continue to deliver energy
to customers when and where they need it.
This program adds to other recent program management and owners
engineer wins across Jacobs' energy market, such as serving as
program manager for California
hydrogen hub, Alliance for Renewable Clean Hydrogen Energy Systems
(ARCHES) and delivering engineering services for MTerra Solar
in the Philippines, which is
poised to become one of the world's largest solar farms when
complete.
Jacobs was named No.1 for the fourth consecutive year
by Engineering News-Record's global Top 50
Program Management Firms and is ranked No. 2 in Power, Solar
Power and Wind Power by Engineering News-Record in
2024.
At Jacobs, we're challenging today to reinvent tomorrow –
delivering outcomes and solutions for the world's most complex
challenges. With approximately $12
billion in annual revenue and a team of almost 45,000, we
provide end-to-end services in advanced manufacturing, cities &
places, energy, environmental, life sciences, transportation and
water. From advisory and consulting, feasibility, planning, design,
program and lifecycle management, we're creating a more connected
and sustainable world. See how at jacobs.com and connect with us on
LinkedIn, Instagram, X and Facebook.
Certain statements contained in this press release constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are statements that do not directly relate to any
historical or current fact. When used herein, words such as
"expects," "anticipates," "believes," "seeks," "estimates,"
"plans," "intends," "future," "will," "would," "could," "can,"
"may," and similar words are intended to identify 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, uncertainties as to the impact of the recently
completed separation transaction pursuant to which we spun off and
merged our Critical Missions Solutions and Cyber & Intelligence
government services businesses with Amentum (together, "new
Amentum") on Jacobs' and new Amentum's businesses, the timing of
the award of projects and funding and potential changes to the
amounts provided for under the Infrastructure Investment and Jobs
Act and other legislation and executive orders related to
governmental spending, and changes in U.S. or foreign tax laws,
statutes, rules, regulations or ordinances, including the impact
of, and changes to tariffs or trade policies, that may adversely
impact our future financial positions or results of operations, as
well as general economic conditions, including inflation and the
actions taken by monetary authorities in response to inflation,
changes in interest rates and foreign currency exchange rates,
changes in capital markets, the possibility of a recession or
economic downturn, and increased uncertainty and risks, including
policy risks and potential civil unrest, relating to the outcome of
elections across our key markets and elevated geopolitical tension
and conflicts, among others. For a description of these and
additional factors that may occur that could cause actual results
to differ from our forward-looking statements, see our filings with
the U.S. 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:
media@jacobs.com
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SOURCE Jacobs
