Foventa’s Post

**Who is reporting Scope 3 emissions?** - Of the 20 leading construction companies analyzed in a recent GlobalData report, 14 reported Scope 3 emissions in 2022, up from two in 2019. - For many companies, Scope 3 reporting and emissions reduction plans are ongoing and developing goals, with a few in the process of extending coverage to include Scope 3 targets in pre-2035 commitments. - Few companies have made substantial progress in reducing Scope 3 emissions, with the most successful reducing Hyundai Engineering & Construction, with a 28% overall decrease between 2021 and 2022, by a reduction of 2,623,000 t CO2 equivalent. - Several companies have seen growth in Scope 3 emissions, but this is often due to improvements in measurement and the addition of further Scope 3 categories over time. #netzero #construction #scope3

Europe's construction sites are going electric! ⚡️ But challenges remain: charging infrastructure, cost parity, and workforce training. How can the industry overcome these hurdles to build a cleaner future? https://bit.ly/4b3pR2Y #MCMag #MarineConstruction #MarineConstructionNews #DockConstruction #underwaterConstruction #MarinaConstruction #electrification #construction #greentech ️

For large energy users such as data centres, retrofitting is a sustainable means of offsetting electricity demand while improving performance and efficiency – but a significant undertaking. In the August/September 2024 issue of the Construction Industry Federation (CIF) Magazine, Maeve Crockett, Of Counsel in our Construction and Engineering Group, considers the issue of large energy users in the age of retrofitting. To read the feature, please click here: https://lnkd.in/e-tY5-tF

A project agreement has been signed for a light rail system between Haifa and Nazareth in northern #Israel. Alstom a member of the HN - Light Rail Line Ltd. consortium, and its partners Electra Ltd. and Minrav Group Ltd. signed a contract for the design, financing, construction, operation and maintenance of the #LRT line between Haifa and Nazareth with Trans Israel, the project organizer. The #NofiT project is valued at €1 billion and Alstom's share is valued at more than €700 million, including a maintenance contract worth around €140 million. #UII #Rebuilding #Ukraine #Reconstruction #RebuildUkraine #UkraineReconstruction #investinukraine #donors #publicprivatepartnerships #infrastructure #projectfinance #infrastructureprojects #DueDiligence #infrastructurefinance #investment #investing #FinancialResearch #Projectfunding #CapitalInvestment #InfrastructureInvesting #ESG #PPP #PublicFinance #investproject #institutionalinvestors #investmentmanager

Amid a renaissance of pumped-storage #hydro, Angus MacGregor MIMMM at BAM UK & Ireland considers what will, and should, be left behind when engineering for #NetZero? Read more at bit.ly/3zNaJJa

𝗧𝗵𝗲 𝗘𝗣𝗖 𝗝𝗼𝘂𝗿𝗻𝗲𝘆 𝗳𝗿𝗼𝗺 𝗕𝗹𝘂𝗲𝗽𝗿𝗶𝗻𝘁 𝘁𝗼 𝗘𝗻𝗲𝗿𝗴𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝘄𝗶𝘁𝗵 𝗥𝗮𝘃𝗲𝗻𝗩𝗼𝗹𝘁 The Engineering, Procurement, and Construction (EPC) process plays a pivotal role in the successful development of energy projects, seamlessly bridging the gap from conceptual design to operational reality. Starting with engineering, this phase lays down the blueprint for innovation, ensuring every aspect of the project is meticulously planned for optimal performance and sustainability. The procurement phase follows, where materials and services are carefully sourced to meet the exacting standards of the project, guaranteeing quality while also managing costs. Breaking ground marks the beginning of the construction phase, transforming plans into tangible structures through skilled craftsmanship and state-of-the-art technology. The culmination of these efforts is a fully energized project, seamlessly integrated into the power markets, ready to meet the demands of today and adaptable for the challenges of tomorrow. At RavenVolt, we understand the intricacies of this process and the importance of every step. Contact a RavenVolt representative today to start working on your next energy project, and let us guide you from concept to energization, ensuring your vision becomes a powerhouse of innovation and efficiency.

At ACT we’re in awe of BIG engineering. Particularly engineering for good. So let’s take a closer look at one of Europe’s most important energy infrastructure projects. Link in 1st comment 👇 #engineering #ukeng #subseaengineering #offshoreengineering #ukmfg

“Centrica knocks on Wood’s door for #hydrogenstorage project in North Sea” June 26, 2024, - Aida Čučuk “Engineering and consulting company Wood has been awarded a front-end engineering design (FEED) contract by energy company Centrica Energy Storage (CES) for the redevelopment of the UK’s Rough field in readiness for future hydrogen storage.” “The contract entails new #pipelines , a new unmanned installation, as well as #onshoreinjectionfacilities at the Easington #gasterminal . Wood claimed that this is the first step in making the field #hydrogenready .” “To note, the Rough reservoir, located in the Southern North Sea, has been used to store #naturalgas for over 30 years, and as per Wood, has the potential to provide over half of the UK’s hydrogen storage requirements.” “Centrica recently announced the company’s ambition for the Rough field to become the largest #longdurationhydrogenstorage facility in the world, however, a final investment decision (FID) for the redevelopment project is still dependent on a government support model that would underpin #gasstorage investment in the UK.” https://lnkd.in/ei8qmETH? Source- original post Read all my posts #MariusPreston

BREAKING NEWS: Sargent & Lundy enters top 25 design firms in Engineering News-Record's Top 500 Design Firms issue and shows strong growth in key categories. Read more. #ENRTop500 #engineering #WeAreHiring #EmpoweringGreatMindsToDesignOurFuture

Check out our most recent research report by Anthony Sparkling, Ph.D. With Purdue University regarding opportunities tied to #IIJA you can download the research for free @ELETRI.org