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Researched by Industrial Info Resources (Sugar Land, Texas)--Black & Veatch Incorporated (Overland Park, Kansas) has a foothold in some of the most closely watched projects for natural gas-fired and renewable-fueled power plants, putting it at the forefront of two rapidly developing industries. Industrial Info is tracking more than $34 billion in active projects involving Black & Veatch, including nearly $23 billion worth in the U.S.

AttachmentClick on the image at right for a graph detailing the top 10 U.S. states for Black & Veatch projects, by investment value.

Two of Black & Veatch's highest-valued projects are natural gas-fired, combined-cycle (NGCC) plants that can be found in Ohio: CME Energy LLC's (Boston, Massachusetts) $860 million Clean Energy Center in the city of Oregon, and Pure Energy Resources LLC's proposed, estimated $860 million Trumbull Energy Center in Lordstown. The Oregon project will use two combustion turbines and a condensing-heat steam turbine to generate 955 megawatts (MW), which will be added to the output of an 800-MW plant that was completed in August 2017; it is set to finish construction in next year's second quarter. For more information, see Industrial Info's project report.

The 940-MW Trumbull project, however, has been tied up in a financing dispute among its owners that has pushed back the construction kickoff date, which is now set for September of next year--at the earliest. As currently envisioned, the Trumbull project would comprise two combustion turbines and a condensing-heat steam turbine. For more information, see Industrial Info's project report.

Black & Veatch also is set to perform engineering services for NGCC unit additions at or near a pair of coal-fired power plants. Intermountain Power Agency (South Jordan, Utah) is proposing an estimated $800 million NGCC power station near the Intermountain Generation Station in Delta, Utah, which is operated by the Los Angeles Department of Water & Power (LADWP) (Los Angeles, California). As currently envisioned, the new station would generate between 840 and 1,200 MW, depending on offers from offtakers; the existing, coal-fired Intermountain Generation Station is set to close by 2020, as the LADWP has vowed to quit coal before then. For more information, see Industrial Info's project report.

A similar, if smaller, project is underway: CMS Energy Corporation's $200 million NGCC addition to the TES Filer City Cogeneration Station in Filer City, Michigan. The conversion would take the plant's output from 60 to 225 MW, all of which will be sold to Consumers Energy (Jackson, Michigan), a public utility that provides energy to about two-thirds of Michigan's 10 million residents. For more information, see Industrial Info's project report.

"There's an existing contract in place for the energy to be sold to Consumers [Energy] through 2025," said Brian Wheeler, senior public information director for CMS Energy, in an interview last year with the Manistee News Advocate. "If we make the changes that we're talking about here, we'll continue to sell to Consumers Energy and extend the life of that contract for another 10 years, if not longer. So this really would allow us to extend the guaranteed life of the plant as well."

But the pièce de résistance of Black & Veatch's near-term project slate is a series of solar facilities for Florida Power & Light Company (FPL) (Juno Beach, Florida), a unit of NextEra Energy Incorporated (NYSE:NEE) (Juno Beach, Florida). The quickly growing domestic solar market is bolstered by competitive prices and low-cost battery storage solutions that have made the technology appealing to once-skeptical investors. FPL's Florida projects include:
  • $129.6 million Interstate Solar Center in Port Saint Lucie; see project report
  • $122.9 million Pioneer Trail Solar Energy Center in Cassadaga; see project report
  • $103 million Miami Dade Solar Center in Homestead; see project report
  • $103 million Sunshine Gateway Solar Center in Lake City; see project report
Each facility is expected to generate 74.5 MW from about 300,000 photovoltaic (PV) panels. Each is set to begin construction in the coming months and to be completed during the spring or summer of 2019.

Among projects under construction, Black & Veatch is performing engineering services for Tennessee Valley Authority's (NYSE:TVE) (Knoxville, Tennessee) $250 million addition of a seepage barrier at the Boone Dam Hydro Station in Kingsport, Tennessee, which began in the spring of 2016 and is expected to last another four and a half years. The project also features the construction of an automated network of sensors to monitor the dam pressure and temperature, as well as tailrace and seepage filters. For more information on the project, see Industrial Info's project report.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
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