Developing efficient assets to meet the energy demands of the future.
Developing greater capacity, ensuring security and delivering cleaner energy is a critical global challenge. New technologies need to demonstrate commercial viability, while existing fleets of power stations need to maintain or improve efficiency and output.
Currently 5,000 GW of power is installed worldwide and the forecast for overall investment in global power and utilities in the next 15 years is over US$15,000bn. Investment is increasingly focused on renewable sources of power to help combat climate change.
In developed markets the key challenges are ageing assets, a desire to switch from fossil fuels and a focus on value for money. In developing markets, securing funding is the primary issue but low emission strategies are also a priority.
Meeting the challenges
We’ve been closely involved in a wide range of projects in the power industry, including innovative and essential technological upgrades, full fleet improvement plans and programmes to extend asset life.
We’ve also supported the build of entirely new plants, helping clients achieve final investment decision at the right price and deliver the asset through into operation and beyond. We have long-standing expertise in:
- Thermal (coal, gas, oil)
- Nuclear (new build, asset care, decommissioning)
- Renewables (off and on-shore wind, water, solar, biofuel, biomass, biogas, geothermal)
The diversity of our involvement gives us broad and detailed data that’s applicable to both planned and operating assets. The objective view our data provides ensures our clients have clarity and confidence around their scheduling, contract arrangements, risk management, health and safety standards and cost forecasts.